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簡介:字?jǐn)?shù)英文字?jǐn)?shù)英文24562456單詞,單詞,1436614366字符;中文字符;中文44594459漢字漢字出處出處ELAOUDELAOUDA,A,JARBOUIJARBOUIAAAUDITORAUDITORSPECIALIZATION,SPECIALIZATION,ACCOUNTINGACCOUNTINGINFORMATIONINFORMATIONQUALITYQUALITYANDANDINVESTMENTINVESTMENTEFFICIENCYJEFFICIENCYJRESEARCHRESEARCHINININTERNATIONALINTERNATIONALBUSINESSBUSINESSANDANDFINANCE,2017,42616629FINANCE,2017,42616629外文文獻(xiàn)外文文獻(xiàn)AUDITORSPECIALIZATION,ACCOUNTINGINFORMATIONQUALITYANDINVESTMENTEFFICIENCYABSTRACTTHISSTUDYISEXAMINEDHOWTHEAUDITORSPECIALIZATIONMODERATESTHEEFFECTOFACCOUNTINGINFORMATIONQUALITYONINVESTMENTEFFICIENCY,IE,WHETHERTHEEFFECTOFACCOUNTINGINFORMATIONQUALITYONINVESTMENTEFFICIENCYISINCREASINGORDECREASINGWITHTHEPRESENCEOFTHESPECIALISTAUDITORTHEREACHEDRESULTREVEALSTHATTHEACCOUNTINGINFORMATIONQUALITYAPPEARSTOHELPDECREASETHEOVERINVESTMENTPROBLEMSIMILARLY,THEAUDITORSPECIALIZATIONHASBEENDISCOVEREDTOHELPGREATLYINIMPROVINGINVESTMENTEFFICIENCY,WHILEREDUCINGTHEUNDERINVESTMENTPROBLEMWEFURTHERFINDTHATTHEACCOUNTINGINFORMATIONQUALITYANDTHEAUDITORSPECIALIZATIONARETWOMECHANISMSWITHSOMEDEGREEOFSUBSTITUTIONINENHANCINGINVESTMENTEFFICIENCYTHEACCOUNTINGINFORMATIONQUALITYISPOSITIVELYASSOCIATEDWITHINVESTMENTEFFICIENCYFORFIRMSWHOSEAUDITORISANINDUSTRYSPECIALISTKEYWORDSINVESTMENTEFFICIENCYUNDERINVESTMENTOVERINVESTMENTAUDITORSPECIALIZATIONACCOUNTINGINFORMATIONQUALITYAIQ1INTRODUCTIONALARGETHEORETICALANDEMPIRICALLITERATUREEXAMINESTHEROLEOFTHEACCOUNTINGINFORMATIONQUALITYBUSHMANETAL,2001BUSHMANANDSMITH,2001BAGAEVA,ACCOUNTINGNUMBERS,DUETOHIGHERAIQ,COULDLEADTOAMOREEFFECTIVEMONITORINGDUETOTHESPECIALISTAUDITORSAND,CONSEQUENTLY,THEAIQEFFECTONINVESTMENTEFFICIENCYWOULDTURNOUTTOBEHIGHERFORFIRMSWITHGREATERAIQANDAUDITORSPECIALIZATIONONTHEOTHERHAND,FIRMSWITHHIGHERACCOUNTINGQUALITYARELIKELYTOHELPTHEMANAGERREDUCETHEADVERSESELECTIONANDMORALHAZARDANDALLOWMANAGERSTOBETTERIDENTIFYINVESTMENTOPPORTUNITIESBIDDLEANDHILARY,2006SO,UNDERTHISASSUMPTION,WEWOULDEXPECTTHATTHEIMPORTANCEOFAIQINREDUCINGINFORMATIONASYMMETRIESWILLBEHIGHERINFIRMSWHOSEAUDITORISANINDUSTRYSPECIALISTTHANTHATWITHACOMPANYWHOSEAUDITORISNOTASPECIALISTOURRESULTSSHOWTHATTHEAIQREDUCESOVERINVESTMENT,WHILETHESPECIALISTAUDITORREDUCESTHEUNDERINVESTMENTMOREOVER,OURRESULTSALSOREVEALTHATTHEAIQEFFECTONINVESTMENTEFFICIENCYISPOSITIVEFORTHEFIRMSWHOSEAUDITORISANINDUSTRYSPECIALIST,HIGHLIGHTINGTHESUBSTITUTIONROLEOFAIQANDAUDITORSPECIALIZATIONINREDUCINGINFORMATIONASYMMETRIESANDMONITORINGMANAGER’SBEHAVIORTOSUCHAWAYASEXPROPRIATIONCANBEGREATLYRESTRICTED2LITERATUREREVIEWANDHYPOTHESISDEVELOPMENT21INVESTMENTEFFICIENCYANDTHEACCOUNTINGINFORMATIONQUALITYAIQSINCEHIGHERAIQMAKESMANAGERSMOREACCOUNTABLEBYALLOWINGBETTERMONITORING,ANDITMAYREDUCEADVERSESELECTIONANDMORALHAZARD,ANDTHEREAFTERDECREASESINFORMATIONASYMMETRIES,ITCOULDTHEREBYGREATLYREDUCETHEOVERINVESTMENTANDTHEUNDERINVESTMENTPROBLEMSINADDITION,THEAIQCOULDIMPROVEINVESTMENTEFFICIENCYBYENABLINGMANAGERSTOMAKEBETTERINVESTMENTDECISIONSTHROUGHABETTERIDENTIFICATIONOFPROJECTSANDMORETRUTHFULACCOUNTINGNUMBERSFORINTERNALDECISIONMAKERSBUSHMANETAL,2001BUSHMANANDSMITH,2001MCNICHOLSANDSTUBBEN,2008GOMARIZANDBELLESTA,2014EMPIRICALLY,PRIOR
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頁數(shù): 17
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