Iranian Journal of Accounting, Auditing and Finance

Iranian Journal of Accounting, Auditing and Finance

Management Characteristics and Audit Opinion Shopping

Document Type : Original Article

Authors
Maryam Seifzadeh 1
Mahdi Salehi 2
Bizhan Abedini 3
Mohammad Hamed Khanmohammadi 4
Mohammad Hossein Ranjbar 5
1 Department of Economics and Administrative Sciences, Qeshm Branch, Islamic Azad University, Qeshm, Iran
2 Department of Economics and Administrative Sciences, Ferdowsi University of Mashhad, Mashhad, Iran
3 Department of Economics and Administrative Sciences, Hormozgan University, Hormozgan, Iran
4 Department of Economics and Administrative Sciences, Damavand Branch, Islamic Azad University, Damavand, Iran
5 Department of Economics and Administrative Sciences, Bandar Abbas Branch, Islamic Azad University, Bandar Abbas, Iran
10.22067/ijaaf.2021.41404
Abstract
The present study assesses the relationship between management characteristics (management entrenchment, narcissism, CEO overconfidence, board effort, real and accrual-based earnings management) and audit opinion shopping in the Tehran Stock Exchange-listed firms. In other words, this paper seeks to answer the question "whether management characteristics can exert a favourable effect on audit opinion shopping or not." For this study, the multivariate regression model is used for hypothesis testing. Research hypotheses are examined using a sample of 1309 observations on the Tehran Stock Exchange during 2012-2018 and by employing the panel data-based multivariate regression and fixed-effects model. The results show a negative and significant relationship between management entrenchment and managers' overconfidence and audit opinion shopping. A positive and meaningful relationship was observed between management narcissism, real and accrual-based earnings management, and board effort and audit opinion shopping.
Keywords
Management Entrenchment
CEO Overconfidence
Real and Accrual-based Earnings Management
Audit Opinion Shopping
Board Effort
Subjects
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