The effects of non-audit fees on audit fees during the financial crisis
DOI:
https://doi.org/10.1108/REGE-12-2024-0178Palabras clave:
Non-audit fees, Auditor tenure, Auditor size, Financial crisis, EurozoneResumen
PurposeThis study examines the impact of non-audit fees, auditor tenure, and auditor size on audit fees in Germany, France, Italy, and Spain, separately and collectively, for a large sample of non-financial companies during the 2008/2009 global financial crisis.
Design/methodology/approachThe generalized method of moments (GMM) with interactions is used. Several panel models are used for the in-crisis and pre-crisis periods for the four countries, separately and collectively.
FindingsThe results reveal an important impact of two indicators of crisis on audit fees across the countries investigated. In addition, panel ordinary least squares (OLS) and fixed and random effects models, as well as panel co-integration and panel generalized autoregressive conditional heteroscedasticity (GARCH) models, reveal significant results in the pre-crisis and in-crisis periods for the four countries collectively.
Originality/valuePrevious researchers have not examined the impact of the financial crisis on audit and non-audit fees using GMM, panel co-integration, or bivariate panel GARCH models.
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Derechos de autor 2025 Maria I. Kyriakou
Esta obra está bajo una licencia internacional Creative Commons Atribución 4.0.
