Lim, Chee; Ding, David; Charoenwong, Charlie - In: Review of Quantitative Finance and Accounting 41 (2013) 2, pp. 343-384
We posit that the effect of non-audit fees on audit quality is conditional on the extent of institutional monitoring. We suggest that institutional investors have incentives and the ability to monitor financial reporting quality. Because of the reputation concerns and potential litigation...