Lu, Tong; Sivaramakrishnan, K. - In: Journal of Accounting and Public Policy 28 (2009) 2, pp. 71-91
Our aim in this paper is to investigate the effects of mandatory audit firm rotation (MAR) on companies' investment decision and auditor choice in a capital market setting. We compare a MAR regime with a non-MAR regime in a setting in which auditors' independence and companies' opinion shopping...