{"id":"https://openalex.org/W1968330704","doi":"https://doi.org/10.1108/eb043424","title":"The Impact of Managerial Ownership on the Likelihood of Provision of High Quality Auditing Services","display_name":"The Impact of Managerial Ownership on the Likelihood of Provision of High Quality Auditing Services","publication_year":2005,"publication_date":"2005-02-01","ids":{"openalex":"https://openalex.org/W1968330704","doi":"https://doi.org/10.1108/eb043424","mag":"1968330704"},"language":"en","primary_location":{"id":"doi:10.1108/eb043424","doi":"https://doi.org/10.1108/eb043424","is_oa":false,"landing_page_url":"https://doi.org/10.1108/eb043424","pdf_url":null,"source":{"id":"https://openalex.org/S95074589","display_name":"Review of Accounting and Finance","issn_l":"1475-7702","issn":["1475-7702","1758-7700"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-40","russia-white-list-3"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Review of Accounting and Finance","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5103951188","display_name":"Gregory D. Kane","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I86501945","display_name":"University of Delaware","ror":"https://ror.org/01sbq1a82","country_code":"US","type":"education","lineage":["https://openalex.org/I86501945"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Gregory D. Kane","raw_affiliation_strings":["Associate Professor, Department of Accounting and MIS, University of Delaware, Newark, Delaware 19716"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Associate Professor, Department of Accounting and MIS, University of Delaware, Newark, Delaware 19716","institution_ids":["https://openalex.org/I86501945"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5051191540","display_name":"Uma K. Velury","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I86501945","display_name":"University of Delaware","ror":"https://ror.org/01sbq1a82","country_code":"US","type":"education","lineage":["https://openalex.org/I86501945"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Uma Velury","raw_affiliation_strings":["Assistant Professor, Department of Accounting and MIS, University of Delaware, Newark, Delaware 19716"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Assistant Professor, Department of Accounting and MIS, University of Delaware, Newark, Delaware 19716","institution_ids":["https://openalex.org/I86501945"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I86501945"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":27,"citation_normalized_percentile":{"value":0.3514714,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":98},"biblio":{"volume":"4","issue":"2","first_page":"86","last_page":"106"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.9878000020980835,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.9878000020980835,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13957","display_name":"Corporate Governance and Financial Management","score":0.007199999876320362,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.00419999985024333,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/managerial-ownership","display_name":"managerial ownership","score":0.9940000176429749},{"id":"https://openalex.org/keywords/audit-quality","display_name":"audit quality","score":0.9919999837875366},{"id":"https://openalex.org/keywords/agency-theory","display_name":"agency theory","score":0.6060000061988831},{"id":"https://openalex.org/keywords/entrenchment","display_name":"entrenchment","score":0.8669999837875366},{"id":"https://openalex.org/keywords/separation-of-ownership-and-control","display_name":"separation of ownership and control","score":0.8999999761581421},{"id":"https://openalex.org/keywords/agency-costs","display_name":"agency costs","score":0.5109999775886536},{"id":"https://openalex.org/keywords/voting-power","display_name":"voting power","score":0.4569999873638153},{"id":"https://openalex.org/keywords/corporate-governance","display_name":"corporate governance","score":0.39899998903274536}],"concepts":[{"id":"https://openalex.org/C120757647","wikidata":"https://www.wikidata.org/wiki/Q381136","display_name":"Shareholder","level":3,"score":0.7607114315032959},{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.7199112176895142},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6803640723228455},{"id":"https://openalex.org/C199521495","wikidata":"https://www.wikidata.org/wiki/Q181487","display_name":"Audit","level":2,"score":0.6774577498435974},{"id":"https://openalex.org/C108170787","wikidata":"https://www.wikidata.org/wiki/Q3951828","display_name":"Agency (philosophy)","level":2,"score":0.595354437828064},{"id":"https://openalex.org/C36673458","wikidata":"https://www.wikidata.org/wiki/Q392896","display_name":"Agency cost","level":4,"score":0.5736718773841858},{"id":"https://openalex.org/C140181557","wikidata":"https://www.wikidata.org/wiki/Q2288714","display_name":"Quality audit","level":3,"score":0.5555058717727661},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.5554215908050537},{"id":"https://openalex.org/C2779530757","wikidata":"https://www.wikidata.org/wiki/Q1207505","display_name":"Quality (philosophy)","level":2,"score":0.5323011875152588},{"id":"https://openalex.org/C200707436","wikidata":"https://www.wikidata.org/wiki/Q1053211","display_name":"Principal\u2013agent problem","level":3,"score":0.5022001266479492},{"id":"https://openalex.org/C2775924081","wikidata":"https://www.wikidata.org/wiki/Q55608371","display_name":"Control (management)","level":2,"score":0.4578001797199249},{"id":"https://openalex.org/C520049643","wikidata":"https://www.wikidata.org/wiki/Q189760","display_name":"Voting","level":3,"score":0.43334391713142395},{"id":"https://openalex.org/C207390915","wikidata":"https://www.wikidata.org/wiki/Q1230525","display_name":"Divergence (linguistics)","level":2,"score":0.41454261541366577},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.31871724128723145},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2754141688346863},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.2546130418777466},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.19941148161888123},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.08814474940299988},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C187736073","wikidata":"https://www.wikidata.org/wiki/Q2920921","display_name":"Management","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C41895202","wikidata":"https://www.wikidata.org/wiki/Q8162","display_name":"Linguistics","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1108/eb043424","doi":"https://doi.org/10.1108/eb043424","is_oa":false,"landing_page_url":"https://doi.org/10.1108/eb043424","pdf_url":null,"source":{"id":"https://openalex.org/S95074589","display_name":"Review of Accounting and Finance","issn_l":"1475-7702","issn":["1475-7702","1758-7700"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-40","russia-white-list-3"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Review of Accounting and Finance","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":21,"referenced_works":["https://openalex.org/W1516407584","https://openalex.org/W1606272114","https://openalex.org/W1874323824","https://openalex.org/W1967358294","https://openalex.org/W1979927021","https://openalex.org/W1990317644","https://openalex.org/W2012041776","https://openalex.org/W2021039975","https://openalex.org/W2022840860","https://openalex.org/W2055418603","https://openalex.org/W2061758536","https://openalex.org/W2096862200","https://openalex.org/W2104795328","https://openalex.org/W2105462361","https://openalex.org/W2113430743","https://openalex.org/W2118424021","https://openalex.org/W2332019483","https://openalex.org/W2616418688","https://openalex.org/W2752617332","https://openalex.org/W3122608391","https://openalex.org/W3125748343"],"related_works":["https://openalex.org/W3123194016","https://openalex.org/W2376415854","https://openalex.org/W1916575498","https://openalex.org/W2291374016","https://openalex.org/W2897212099","https://openalex.org/W4378631762","https://openalex.org/W2021958237","https://openalex.org/W1999577824","https://openalex.org/W3006217514","https://openalex.org/W1928102349"],"abstract_inverted_index":{"This":[0],"study":[1],"investigates":[2],"the":[3,9,13,18,34,104,109,192,197],"relation":[4],"between":[5],"managerial":[6,65,141,158],"ownership":[7,21,66,142],"and":[8,22,39,90,111,125,132,137,145],"audit":[10,58,116,153,202],"quality":[11,55,59,117,154,203],"of":[12,20,36,74,80,106,114,140,201],"firm.":[14],"In":[15],"modern":[16],"corporations,":[17],"separation":[19],"control":[23],"creates":[24],"incentives":[25],"for":[26],"managers":[27],"to":[28,47,88],"maximize":[29],"their":[30,81],"own":[31],"wealth":[32],"at":[33,93,135,204],"expense":[35],"shareholders":[37],"(Jensen":[38],"Meckling":[40],"1976).":[41],"Manager\u2010owners":[42],"thus":[43,61,112],"have":[44,85],"an":[45],"incentive":[46],"reduce":[48],"associated":[49,97],"agency":[50,70,99],"costs":[51],"by":[52,78],"providing":[53],"high":[54,115,138],"auditing.":[56],"High":[57],"should":[60,118],"be":[62],"increasing":[63,86,98],"as":[64],"decreases.":[67],"A":[68],"related":[69],"problem":[71],"is":[72,150,155,169,196],"that":[73,134,194],"entrenchment\u2010":[75],"whereby":[76],"managers,":[77],"virtue":[79],"increased":[82],"voting":[83],"power,":[84],"power":[87],"shirk":[89],"procure":[91],"perquisites":[92],"shareholders'":[94],"expense.":[95],"The":[96],"risk":[100,105],"implies":[101],"that,":[102],"when":[103],"entrenchment":[107,149,164],"decreases,":[108],"need,":[110],"provision,":[113],"also":[119],"decrease.":[120],"Based":[121],"on":[122],"these":[123],"arguments,":[124],"following":[126],"prior":[127],"empirical":[128],"research,":[129],"we":[130,180],"posit":[131],"find":[133],"low":[136],"levels":[139],"(below":[143],"5%":[144],"above":[146],"25%),":[147],"where":[148,163],"not":[151],"increasing,":[152],"decreasing":[156],"in":[157,185],"ownership.":[159],"At":[160],"intermediate":[161],"levels,":[162],"arguably":[165],"does":[166],"increase,":[167],"it":[168],"unclear":[170],"which":[171],"effect":[172],"(divergence\u2010of\u2010interests":[173],"or":[174],"entrenchment)":[175],"dominates.":[176],"For":[177],"our":[178],"sample,":[179],"document":[181],"a":[182,188],"negative":[183],"association":[184],"this":[186],"region,":[187],"result":[189],"consistent":[190],"with":[191],"notion":[193],"divergence\u2010of\u2010interests":[195],"primary":[198],"agency\u2010related":[199],"determinant":[200],"all":[205],"levels.":[206]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":4},{"year":2022,"cited_by_count":6},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":4},{"year":2018,"cited_by_count":2},{"year":2016,"cited_by_count":1},{"year":2014,"cited_by_count":1},{"year":2013,"cited_by_count":2}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}