Our study contributes to the literature in two principal ways. First, we state aframework
that unifies the joint relation between audit fees, and hence audit quality, and corporate
governance. Second, we conduct tests that show results consistent with this framework,
wherein increased audit fees create a mechanism for better governance, which in turn leads
Our study contributes to the literature in two principal ways. First, we state aframework
that unifies the joint relation between audit fees, and hence audit quality, and corporate
governance. Second, we conduct tests that show results consistent with this framework,
wherein increased audit fees create a mechanism for better governance, which in turn leads
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