IPO Pricing Regulation and Audit Fees: A Perspective from Institutional Changes in China

Article


Zhao, Gang, Deng, Ying, Jiang, Yujia and Bowrey, Graham. 2023. "IPO Pricing Regulation and Audit Fees: A Perspective from Institutional Changes in China." Australasian Accounting Business and Finance Journal. 17 (2), pp. 86-112. https://doi.org/10.14453/aabfj.v17i2.07
Article Title

IPO Pricing Regulation and Audit Fees: A Perspective from Institutional Changes in China

ERA Journal ID40372
Article CategoryArticle
AuthorsZhao, Gang, Deng, Ying, Jiang, Yujia and Bowrey, Graham
Journal TitleAustralasian Accounting Business and Finance Journal
Journal Citation17 (2), pp. 86-112
Number of Pages27
Year2023
Place of PublicationAustralia
ISSN1834-2000
1834-2019
Digital Object Identifier (DOI)https://doi.org/10.14453/aabfj.v17i2.07
Web Address (URL)https://ro.uow.edu.au/aabfj/vol17/iss2/7/
Abstract

From the perspective of institutional change of IPO regulation, this paper discusses the relationship between IPO pricing regulation and audit fees in China. This paper finds that the audit fees of IPO companies are higher in the stage of pricing regulation in comparison to the stage of pricing marketization. We also find auditors charge higher audit fees for the private companies than state-owned companies during the IPO pricing regulation period. Furthermore in regions with tighten legislation, IPO audit fees are higher in the IPO pricing regulation period.

KeywordsAudit Fees; Audit risk; China; Institutional changes; IPO pricing regulation
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Byline AffiliationsZhejiang University of Finance and Economics, China
Central University of Finance and Economics, China
University of Southern Queensland
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