Wu, Hengguang; Shi, Xiangyan; Zhang, Xueman - In: China journal of accounting research : CJAR 18 (2025) 4, pp. 1-30
Examining Chinese listed companies (2017-2021), we show that key audit matters (KAMs) disclosure exhibits a significant peer effect. We verify a rivalry-based theory of this effect. Audit firms with similar (vs. divergent) resource endowments are more likely to mimic peers' KAMs disclosure,...