Banca de DEFESA: VANESSA DE CARVALHO PEREIRA

Uma banca de DEFESA de MESTRADO foi cadastrada pelo programa.
DISCENTE : VANESSA DE CARVALHO PEREIRA
DATA : 03/02/2021
HORA: 14:00
LOCAL: Webconferência
TÍTULO:

Influence of ownership structure on the choice of independent big four audit: evidence from companies listed on B3

PALAVRAS-CHAVES:

External audit; Big Four; Ownership structure; Corporate governance.

PÁGINAS: 64
GRANDE ÁREA: Ciências Sociais Aplicadas
ÁREA: Administração
SUBÁREA: Ciências Contábeis
RESUMO:

The work of Jensen and Meckling (1976), considered by many seminal authors in the line of research in Corporate Governance, deals with the Agency Theory, which establishes the conflict of interests between agent and principal. Corporate Governance appears as a way to align these interests, minimizing the existence of agency conflicts. This study focuses on investigating the association between an external mechanism and another internal mechanism of Corporate Governance: external audit and ownership structure. 122 public companies listed on B3 were analyzed between the years 2010 to 2018. The general objective was to investigate the influence of the ownership structure in the choice of an independent Big Four audit, expecting a positive relationship if there is a entrenchment effect represented by the variable voting rights and a negative relationship if there is an incentive effect represented by the variable cash flow right. In addition to the variables of interest, other variables that can influence the choice of an independent Big Four audit were also controlled: company size, leverage, return on assets, issuance of ADRs, sector, CEO duality, board independence, level B3 governance and expert auditor. The study proposes an econometric methodology little used in research with this theme, the logit for panel data. The results found suggest that only the size of the company and the specialized audit firm influence the choice of a Big Four audit in the national scenario, opposing the research hypotheses raised. The main contribution made by the work is to expand the literature in the area of Corporate Governance, specifically when investigating the relationship between external auditing and ownership structure in the national scenario, given the scarcity of empirical studies that address this association.

MEMBROS DA BANCA:
Presidente - 2140457 - ANTONIO GUALBERTO PEREIRA
Interno - 1035734 - JORGE DE SOUZA BISPO
Interno - 1227504 - JOSE SERGIO CASE DE OLIVEIRA
Externo à Instituição - CARLOS HENRIQUE SILVA DO CARMO