时间：2016年6月6日（周一）10:00-11：30 

地点：嘉庚二号楼501教室 

题目： The Strategic Useof Multiple Auditors and Intragroup Propping: Evidence from Family BusinessGroups 

报告人：Wenming Wang, Assistant Professorof Accounting, Hong Kong Baptist  University  

主持人：JinshuaiHu, Associate Professor of Accounting, Xiamen University 

论文简介： 

The business groups create morecomplex auditor choice for their member firms than the typical Big 4 vs. non-Big4 auditor choice. The controlling families could take advantage of hiringmultiple auditors rather than a single auditor if such a choice achieves a“divide and conquer” strategy, which might weaken the effectiveness ofmonitoring imposed by auditors. This study investigates whether the appointmentof multiple auditors within family business groups leads to constrain orexacerbate member firms’ intragroup propping, which could be a manifestation ofagency conflicts between the controlling families and minority shareholders.Following Bae, Cheon, and Kang(2008), we capture the intragroup proppingpotentials via the positive association between stock returns for announcingand non-announcing member firms around earnings announcements. We find that thepositive stock returns association grows stronger around earningsreleases by member firms when their groups hire multiple auditors ( especially,non-Big 4 auditors paired with Big 4 auditors) than a single Big 4 auditor.This implies that the multiple-auditor setting within family business groups impairsauditors’ monitoring role that could curb the controlling families’ abilityto divert member firms’ resources for intragroup propping. 

报告人简介： 

Wenming Wang earned his PhD,master and BA degree in Accounting from Hong Kong Baptist University, Xiamen University,and China University of Petroleum respectively. He has published papers injournals such as Journal of BusinessEthics, Journal of Banking and Finance, and Financial Management.