Can audit effort (hours) reduce a firm’s cost of capital? Evidence from South Korea
(2020)
Journal Article
Mali, D., & Lim, H.-J. (2021). Can audit effort (hours) reduce a firm’s cost of capital? Evidence from South Korea. Accounting Forum, 45(2), 171-199. https://doi.org/10.1080/01559982.2020.1848347
In this paper, we examine the relationship between audit effort measured as audit hours and a firm’s weighted average cost of capital (WACC). Using a sample of Korean listed firms, we hypothesise a potentially bi-directional relationship between WACC... Read More about Can audit effort (hours) reduce a firm’s cost of capital? Evidence from South Korea.