search query: @indexterm Foreign investment / total: 1949
reference: 259 / 1949
| Author: | Citron, D.B. Manalis, G. |
| Title: | The international firms as new entrants to the statutory audit market: an empirical analysis of auditor selection in Greece, 1993 to 1997 |
| Journal: | European Accounting Review
2001 : VOL. 10:3, p. 439-459 |
| Index terms: | AUDITORS FOREIGN INVESTMENT INTERNATIONAL BUSINESS GREECE |
| Language: | eng |
| Abstract: | This paper investigates choice of statutory auditor in Greece in the five years subsequent to the 1992 liberalization of the audit market. The authors analyse auditor choices by 205 companies which, by 1997, represented almost 90% of companies listed on the Athens stock exchange. They find that the level of shareholdings by foreign shareholders is positively associated with choice of a Big Six versus any other auditor both immediately after liberalization in 1993 and still in 1997, indicative of the role of the Big Six in providing audit credibility in the eyes of international investors. |
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