Does high-quality auditing decrease the use of collateral? Analysis from the perspective of lenders’ self-protection
We examine the association between audit quality and the use of collateral in a sample of Chinese firms from 2005 to 2011. Using the full sample, we document a negative relationship between audit quality and the use of collateral that is consistent with lenders’ interests. We also show that audit qu...
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| Format: | Article |
| Language: | English |
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Elsevier
2014-09-01
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| Series: | China Journal of Accounting Research |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S1755309114000239 |