Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Do females in audit firm governance affect firm performance? Findings from Turkey

Do females in audit firm governance affect firm performance? Findings from Turkey This study aims to contribute to the literature by offering a different sector and emphasising the importance of females in audit firm (AF) governance on audit firm performance (AFP).Design/methodology/approachOrdinary least squares (OLS) and instrument variables regression (IVREG) with two-stage least squares are used to test the paper’s hypotheses.FindingsBoth OLS and IVREG estimation results show that both the proportion of females and gender diversity at board and owner levels and the total number of shares of female owners seem to enhance the performance of AFs.Practical implicationsThese results may be important for policymakers and regulators to set a quota for women’s representation on AF governance or decide arrangements for women in AFs as in the regulations for the high hierarchical levels of other corporate firms.Originality/valueThis paper extends the current literature in the context of AFs in Turkey, positing that females in AF governance might enhance performance to a great extent. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Gender in Management: An International Journal Emerald Publishing

Do females in audit firm governance affect firm performance? Findings from Turkey

Ocak, Murat
Gender in Management: An International Journal , Volume 36 (3): 24 – Mar 8, 2021
Download PDF
24 pages

Loading next page...
 
/lp/emerald-publishing/do-females-in-audit-firm-governance-affect-firm-performance-findings-oCrLD8VyBU
Publisher
Emerald Publishing
Copyright
© Emerald Publishing Limited
ISSN
1754-2413
DOI
10.1108/gm-05-2019-0075
Publisher site
See Article on Publisher Site

Abstract

This study aims to contribute to the literature by offering a different sector and emphasising the importance of females in audit firm (AF) governance on audit firm performance (AFP).Design/methodology/approachOrdinary least squares (OLS) and instrument variables regression (IVREG) with two-stage least squares are used to test the paper’s hypotheses.FindingsBoth OLS and IVREG estimation results show that both the proportion of females and gender diversity at board and owner levels and the total number of shares of female owners seem to enhance the performance of AFs.Practical implicationsThese results may be important for policymakers and regulators to set a quota for women’s representation on AF governance or decide arrangements for women in AFs as in the regulations for the high hierarchical levels of other corporate firms.Originality/valueThis paper extends the current literature in the context of AFs in Turkey, positing that females in AF governance might enhance performance to a great extent.

Journal

Gender in Management: An International Journal – Emerald Publishing

Published: Mar 8, 2021

Keywords: Gender diversity; Audit firms; Audit firm performance

References

  • 2017 CPA firm gender survey
  • Female board members: the effect of director affiliation
    Arioglu, E.
  • Diversification by the audit firms in the US and its impact on audit quality
    Asthana, S.
  • A theory of audit partnerships: audit firm size and fees
    Balachandran, B.V.; Ramakrishnan, R.T.S.
  • Firm resources and sustained competitive advantage
    Barney, J.
  • Non-audit fees, market leaders and concentration in the German audit market: a descriptive analysis
    Bigus, J.; Zimmerman, R.C.
  • Gender, personal values, strategies and small business performance
    Boohene, R.; Sheridan, A.; Kotey, B.
  • Resource-partitioning processes in the audit industry
    Boone, C.; Meuwissen, R.; van Witteloostuijn, A.
  • Auditor human capital and audit firm survival. The Dutch audit industry in 1930-1992
    Bröcheler, V.; Maijoor, S.; van Witteloostuijn, A.
  • Women-owned businesses: why do they matter?
    Brush, C.; Hisrich, R.D.; Acs, Z.J.
  • Gender diversity in the boardroom and firm financial performance
    Campbell, K.; Mínguez-Vera, A.
  • A descriptive research on Turkish listed manufacturing companies’ independent audit characteristics
    Can, G.
  • The gender and ethnic diversity of US boards and board committees and firm financial performance
    Carter, D.A.; D’Souza, F.; Simkins, B.J.; Simpson, W.G.
  • Corporate governance, board diversity and firm value
    Carter, D.A.; Simkins, B.J.; Simpson, W.G.
  • The impact of board gender composition on dividend payouts
    Chen, J.; Leung, W.S.; Goergen, M.
  • Product innovations and performance of audit firms in Taiwan: consideration of life cycles and market segments
    Chen, Y.-S.; Huang, I.-C.
  • Quality, size, and performance of audit firms
    Chen, Y.-S.; Hsu, J.; Huang, M.-T.; Yang, P.-S.
  • Women in the Boardroom: A Global Perspective
  • Separation of ownership and control
    Fama, E.F.; Jensen, M.C.
  • A comparative profile of male-and female-owned small accounting practices
    Fasci, M.A.; Valdez, J.
  • Audit quality thematic review: firms’ audit quality control procedures and other audit quality initiatives
  • Transparency report disclosure by Australian audit firms and opportunities for research
    Fu, Y.; Carson, E.; Simnett, R.
  • The influence of gender diversity on corporate performance
    Gallego-Álvarez, I.; García-Sánchez, I.M.; Rodríguez-Dominguez, L.
  • The professional partnership: relic or exemplary form of governance?
    Greenwood, R.; Empson, L.
  • Ownership and performance of professional service firms
    Greenwood, R.; Deephouse, D.L.; Li, S.X.
  • Reputation, diversification, and organizational explanations of performance in professional service firms
    Greenwood, R.; Li, S.X.; Prakash, R.; Deephouse, D.L.
  • The impact of board size on firm performance: evidence from the UK
    Guest, P.
  • Governance of professional services firms: a configurational approach
    Harlacher, D.; Reihlen, M.
  • Gender and diversity challenges in professional firms
    Haynes, K.; Haynes, K.; Grugulis, I.
  • Organizational predictors of women on corporate boards
    Hillman, A.J.; Shropshire, C.; Cannella, A.A.
  • Boards of directors and firm performance: integrating agency and resource dependence perspectives
    Hillman, A.J.; Dalziel, T.
  • Direct and moderating effects of human capital in professional on strategy and performance service firms: a resource-based perspective
    Hitt, M.A.; Bierman, L.; Shimizu, K.; Kochhar, L.
  • Gender difference in profit performance – evidence from the owners of small public accounting practices
    Hsu, C.-S.; Kuo, L.; Chang, B.-G.
  • Non-linear relationship between gender diversity in the partnership and profit performance in accounting firms
    Hsu, C.-S.; Kuo, L.; Chang, B.-G.
  • Independent audit regulation of Turkey
  • Female auditors and accruals quality
    Ittonen, K.; Vähämaa, E.; Vähämaa, S.
  • Theory of the firm: managerial behavior, agency costs and ownership structure
    Jensen, M.C.; Meckling, W.H.
  • Analysis of board size and firm performance: evidence from NSE companies using panel data approach
    Kalsie, A.; Shrivastav, S.M.
  • A study of female Middle Eastern entrepreneurs: a resource-based view
    Khizindar, T.M.; Darley, W.K.
  • The effect of board gender diversity on firm performance: evidence from Turkey
    Kılıç, M.; Kuzey, C.
  • Gender diversity within boards - A global perspective
  • Analysis of the determinants of providing business services in mainland China
    Lee, C.-C.; Tung, H.-H.
  • Determinants of the size and composition of US corporate boards: 1935-2000
    Lehn, K.M.; Patro, S.; Zhao, M.
  • The consequences of protecting audit partners’ personnel assets from the threat of liability
    Lennox, C.S.; Li, B.
  • A review of the archival literature on audit partners
    Lennox, C.S.; Wu, X.
  • Opening up the ‘black box’ of audit firms: the effect of audit partner ownership on audit adjustment
    Lennox, C.S.; Wang, C.; Wu, X.
  • Relationships among strategic capabilities and the performance of women-owned small ventures
    Lerner, M.; Almor, T.
  • Do women directors improve firm performance in China?
    Liu, Y.; Wei, Z.; Xie, F.
  • Gender diversity in the board, women’s leadership and business performance
    Moreno-Gómez, J.; Lafuente, E.; Vaillant, Y.
  • Do government-experienced auditors reduce audit quality?
    Ocak, M.; Can, G.
  • Ownership rules of audit firms and their consequences for audit market concentration
  • Accounting and auditing standards authority of Turkey (KGK)
  • Annual Corporate Directors Survey
  • Does board gender diversity influence financial performance? Evidence from Spain
    Reguera-Alvarado, N.; de Fuentes, P.; Laffarga, J.
  • Restoring public trust in the accounting profession by developing anti-fraud education, programs, and auditing
    Rezaee, Z.
  • Entrepreneurial orientation and social capital as small firm strategies: a study of gender differences from a resource-based view
    Runyan, R.C.; Huddleston, P.; Swinney, J.
  • Comparing the performance of male- and female-controlled businesses: relating outputs to inputs
    Watson, J.
  • The cost of debt and the characteristics of audit firms
    Woo, Y.-S.; Kang, M.; Lee, H.-Y.
  • Gender gap, training and financial performance: evidence from public accounting industry
    Yang, Y.-F.; Chen, Y.-S.; Yang, L.-W.