Title of article :
The Relationship between Audit Fees and Stock Price Crash Risk
Author/Authors :
Khani, Zabihollah Department of Accounting - Fasa Branch - Islamic Azad University , Rajabdorri, Hossein Department of Accounting - Bandar Abbas Branch - Islamic Azad University
Abstract :
The purpose of this study is to examine the relationship between audit fees and stock price crash risk. The study period is from 2013 to 2017 and the selected sample consists of 110 companies listed on Tehran Stock Exchange (TSE). To test the hypotheses of the research, the ordinary least squares regression is used. The findings show that there is a positive and significant relationship between audit fees and stock price crash risk. In other words, for companies with higher audit fees, there is a greater risk of falling stock prices.
Keywords :
Audit Fees , Stock price crash risk , down-to-up volatility , Negative skewness of stock return
Journal title :
Iranian Journal of Finance (IJFIFSA)
