Management Characteristics and Audit Opinion Shopping
نویسندگان
1 Department of Economics and Administrative Sciences, Ferdowsi University of Mashhad, Mashhad, Iran
2 Department of Economics and Administrative Sciences, Bandar Abbas Branch, Islamic Azad University, Bandar Abbas, Iran
3 Department of Economics and Administrative Sciences, Qeshm Branch, Islamic Azad University, Qeshm, Iran
4 Department of Economics and Administrative Sciences, Hormozgan University, Hormozgan, Iran
5 Department of Economics and Administrative Sciences, Damavand Branch, Islamic Azad University, Damavand, Iran
doi
10.22067/ijaaf.2021.41404چکیده
The present study assesses the relationship between management characteristics (management entrenchment, narcissism, CEO overconfidence, board effort, real and accrual-based earnings management) and audit opinion shopping in the Tehran Stock Exchange-listed firms. In other words, this paper seeks to answer the question "whether management characteristics can exert a favourable effect on audit opinion shopping or not." For this study, the multivariate regression model is used for hypothesis testing. Research hypotheses are examined using a sample of 1309 observations on the Tehran Stock Exchange during 2012-2018 and by employing the panel data-based multivariate regression and fixed-effects model. The results show a negative and significant relationship between management entrenchment and managers' overconfidence and audit opinion shopping. A positive and meaningful relationship was observed between management narcissism, real and accrual-based earnings management, and board effort and audit opinion shopping.
