Examination disclosure, issuance examination committee connections and accountants' IPO market share-Reference-Cited by-同舟云学术

Examination disclosure, issuance examination committee connections and accountants' IPO market share

Published:2024-07-19 Issue: Volume: Page:
ISSN:0810-5391
Container-title:Accounting & Finance
language:en
Short-container-title:Accounting & Finance

Author:

Zhang Zhaoya¹,Wang Jenny Jing²^ORCID,Zhou Biao³

Affiliation:

1. Business School Nanjing University Nanchang China

2. School of Accounting, Economics and Finance University of Wollongong Wollongong NSW Australia

3. School of Economics and Management Beijing Information Science and Technology University Beijing China

Abstract

AbstractThis study examines the impact of an initial public offering (IPO) examination disclosure on accountants' IPO market share, using accounting firms undertaking A‐share approval system IPO audit projects from 2011 to 2021. We find that the IPO market share of accounting firms with Issuance Examination Committee Connections (IECC) decreases after the implementation of the issuance examination disclosure policy and that the market share decrease is more pronounced for low‐reputation accounting firms with IECC. This study reveals the impact of issuance review disclosures on the appointment of accountants by IPO firms. This study extends the research related to accountants' market share from the perspective of the impact of IPO examination disclosure on the IPO market share of IECC accountants.

Publisher

Wiley

Link

https://onlinelibrary.wiley.com/doi/pdf/10.1111/acfi.13308

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