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Board Gender Diversity, Auditor Fees, and Auditor Choice

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  • Karen M. Y. Lai
  • Bin Srinidhi
  • Ferdinand A. Gul
  • Judy S. L. Tsui
Abstract
We examine whether the presence of female directors and female audit committee members affect audit quality in terms of audit effort and auditor choice by using observations from a sample of U.S. firms, spanning the years 2001–2011. We find, after controlling for endogeneity and other board, firm, and industry characteristics, that firms with gender†diverse boards (audit committees) pay 6 percent (8 percent) higher audit fees and are 6 percent (7 percent) more likely to choose specialist auditors compared to all†male boards (audit committees). Our findings suggest that boards (audit committees) with female directors (members) are likely to demand higher audit quality, ceteris paribus.Les auteurs se demandent si la présence de femmes parmi les administrateurs et les membres du comité d'audit influe sur la qualité de l'audit, en ce qui a trait au travail d'audit et au choix des auditeurs, en étudiant les observations qu'ils tirent d'un échantillon de sociétés des États†Unis, entre 2001 et 2011. Une fois contrôlées l'endogénéité et les autres caractéristiques du conseil d'administration, de la société et du secteur d'activité, ils constatent que les sociétés dont les conseils d'administration (comités d'audit) sont mixtes versent des honoraires d'audit 6 pour cent (8 pour cent) plus élevés et sont 6 pour cent (7 pour cent) plus susceptibles de choisir des auditeurs spécialisés que les sociétés dont les conseils d'administration (comités d'audit) sont entièrement masculins. Les constatations des auteurs semblent indiquer que les conseils d'administration (comités d'audit) mixtes sont susceptibles d'exiger une qualité d'audit supérieure, toutes choses égales par ailleurs.

Suggested Citation

  • Karen M. Y. Lai & Bin Srinidhi & Ferdinand A. Gul & Judy S. L. Tsui, 2017. "Board Gender Diversity, Auditor Fees, and Auditor Choice," Contemporary Accounting Research, John Wiley & Sons, vol. 34(3), pages 1681-1714, September.
    • Handle: RePEc:wly:coacre:v:34:y:2017:i:3:p:1681-1714
    DOI: 10.1111/1911-3846.12313
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