An Empirical Study on the Influence of Consolidated Financial Statement’s Amplification Effect on Audit Fees
Table 5
The impact of amplification effect on audit fees.
Variables
LNFEE
(1)
(2)
MAGNIFICATION1
0.197∗∗
0.224∗∗∗
(2.452)
(2.970)
SIZE
0.279∗∗∗
0.262∗∗∗
(41.937)
(37.584)
LEV
0.022
0.146∗∗∗
(0.639)
(4.142)
TOBINQ
0.005
0.003
(1.348)
(0.771)
DUAL
0.019
0.004
(1.528)
(0.296)
INDRATIO
0.342∗∗∗
0.154
(3.172)
(1.501)
AGE
0.010∗∗∗
−0.001
(8.734)
(−0.975)
SOE
−0.176∗∗∗
−0.133∗∗∗
(−11.191)
(−8.375)
TOP1
−0.001∗∗
−0.001∗∗∗
(−2.206)
(−2.720)
BIG4
0.732∗∗∗
0.726∗∗∗
(18.519)
(18.552)
DELAY
0.256∗∗∗
0.166∗∗∗
(15.767)
(10.772)
REC
−0.198∗∗∗
−0.359∗∗∗
(−3.161)
(−5.911)
Constant
6.196∗∗∗
6.908∗∗∗
(39.374)
(41.184)
YEAR
No
Yes
INDUSTRY
No
Yes
N
25,688
25,688
Adj. R2
0.552
0.596
Note. Cluster-adjusted t-values are in parentheses. ∗∗∗, ∗∗, and ∗ indicate significance at the 1%, 5%, and 10% levels, respectively (when 1.65 < |t| < 1.96, < 0.10; when 1.96 < |t| < 2.58, < 0.05; and when |t| > 2.58, < 0.01).
