| Summary: | 碩士 === 元智大學 === 財務金融暨會計碩士班(會計學程) === 106 === This paper is to explore the relationship between the audit fee stability and audit quality. Specifically, I expect that the audit firms with more stable audit fee will have more abilities to improve their audit quality. To test this issue, I use the sample of the listed companies in Taiwan for the period of 2007-2016, and adopt the methodologies from Elyasiani and Jia (2008; 2010) to measure the audit fee stability. Also, I follow Kothari et al. (2005) to measure the audit quality. The empirical results support my hypothesis that audit firms with more stable audit fee have higher audit quality. Furthermore, I investigate whether the results still exist when audit firms encounter risky customers. After use sub-sample of customers with higher financial risk, the empirical results are the same that audit firms with stable audit fee have higher audit quality.
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