Credit rating agency response to appointment of female auditors: evidence from the UK
Credit rating agency response to appointment of female auditors: evidence from the UK
We study the impact of appointing women at audit partner positions from a credit rating agency perspective. We investigate whether credit rating agency value the appointment of women to audit partner positions differently than they do for the appointment of men. This study uses a UK balanced panel data of 2,472 firm-year observations of public quoted companies from 2009 to 2016 and analyses how credit rating agencies respond to such appointments. We find a positive credit score reaction after appointment of a female auditor than that following the appointment of a male auditor. This finding suggests that, from a credit rating agency perspective, there seems to be a business case for a particular gender when it comes to appointing audit partner.
Owusu, Andrews
0a243b8a-d46f-4123-a879-c10df457bc7e
Zalata, Alaa
0fc2c56d-97ad-44ce-ab31-63ca335dcef6
Owusu, Andrews
0a243b8a-d46f-4123-a879-c10df457bc7e
Zalata, Alaa
0fc2c56d-97ad-44ce-ab31-63ca335dcef6
Owusu, Andrews and Zalata, Alaa
(2022)
Credit rating agency response to appointment of female auditors: evidence from the UK.
Journal of International Accounting, Auditing and Taxation.
(In Press)
Abstract
We study the impact of appointing women at audit partner positions from a credit rating agency perspective. We investigate whether credit rating agency value the appointment of women to audit partner positions differently than they do for the appointment of men. This study uses a UK balanced panel data of 2,472 firm-year observations of public quoted companies from 2009 to 2016 and analyses how credit rating agencies respond to such appointments. We find a positive credit score reaction after appointment of a female auditor than that following the appointment of a male auditor. This finding suggests that, from a credit rating agency perspective, there seems to be a business case for a particular gender when it comes to appointing audit partner.
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JIAAT - Accepted Manuscript_AZ
- Accepted Manuscript
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Accepted/In Press date: 21 June 2022
Identifiers
Local EPrints ID: 469110
URI: http://eprints.soton.ac.uk/id/eprint/469110
ISSN: 1061-9518
PURE UUID: 8ee7d175-c724-4b22-8af0-1e6b8df29ee5
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Date deposited: 06 Sep 2022 18:49
Last modified: 21 Jun 2024 04:01
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Author:
Andrews Owusu
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