{"id":"https://openalex.org/W2174606937","doi":"https://doi.org/10.2308/ajpt-51256","title":"Auditor Tenure and Stock Price Idiosyncratic Volatility: The Moderating Role of Industry Specialization","display_name":"Auditor Tenure and Stock Price Idiosyncratic Volatility: The Moderating Role of Industry Specialization","publication_year":2015,"publication_date":"2015-08-01","ids":{"openalex":"https://openalex.org/W2174606937","doi":"https://doi.org/10.2308/ajpt-51256","mag":"2174606937"},"language":"en","primary_location":{"id":"doi:10.2308/ajpt-51256","doi":"https://doi.org/10.2308/ajpt-51256","is_oa":false,"landing_page_url":"https://doi.org/10.2308/ajpt-51256","pdf_url":null,"source":{"id":"https://openalex.org/S75845752","display_name":"Auditing A Journal of Practice & Theory","issn_l":"0278-0380","issn":["0278-0380","1558-7991"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-2","jufo-2","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310316290","host_organization_name":"American Accounting Association","host_organization_lineage":["https://openalex.org/P4310316290"],"host_organization_lineage_names":["American Accounting Association"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Auditing: A Journal of Practice & Theory","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"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/A5078417651","display_name":"Lixin Nancy Su","orcid":"https://orcid.org/0000-0002-6203-9029","observed_orcids":["https://orcid.org/0000-0002-6203-9029"]},"institutions":[{"id":"https://openalex.org/I14243506","display_name":"Hong Kong Polytechnic University","ror":"https://ror.org/0030zas98","country_code":"HK","type":"education","lineage":["https://openalex.org/I14243506"]}],"countries":["HK"],"is_corresponding":false,"raw_author_name":"Lixin (Nancy) Su","raw_affiliation_strings":["[Hong Kong Polytechnic Univ.]"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"[Hong Kong Polytechnic Univ.]","institution_ids":["https://openalex.org/I14243506"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5101545454","display_name":"Xuezhou Zhao","orcid":"https://orcid.org/0000-0002-9433-8015","observed_orcids":["https://orcid.org/0000-0002-9433-8015"]},"institutions":[{"id":"https://openalex.org/I14243506","display_name":"Hong Kong Polytechnic University","ror":"https://ror.org/0030zas98","country_code":"HK","type":"education","lineage":["https://openalex.org/I14243506"]}],"countries":["HK"],"is_corresponding":false,"raw_author_name":"Xuezhou (Rachel) Zhao","raw_affiliation_strings":["The Hong Kong Polytechnic University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"The Hong Kong Polytechnic University","institution_ids":["https://openalex.org/I14243506"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5024036431","display_name":"Gaoguang Zhou","orcid":"https://orcid.org/0000-0003-2298-4226","observed_orcids":["https://orcid.org/0000-0003-2298-4226"]},"institutions":[{"id":"https://openalex.org/I141568987","display_name":"Hong Kong Baptist University","ror":"https://ror.org/0145fw131","country_code":"HK","type":"education","lineage":["https://openalex.org/I141568987"]}],"countries":["HK"],"is_corresponding":false,"raw_author_name":"Gaoguang (Stephen) Zhou","raw_affiliation_strings":["Hong Kong Baptist University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Hong Kong Baptist University","institution_ids":["https://openalex.org/I141568987"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":7.9315,"has_fulltext":false,"cited_by_count":36,"citation_normalized_percentile":{"value":0.96953077,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":98},"biblio":{"volume":"35","issue":"2","first_page":"147","last_page":"166"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.9872999787330627,"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":0.9872999787330627,"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/T10047","display_name":"Financial Markets and Investment Strategies","score":0.008299999870359898,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.00139999995008111,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/auditor-tenure","display_name":"audit tenure","score":0.9980000257492065},{"id":"https://openalex.org/keywords/industrial-specialization","display_name":"industrial specialization","score":0.9120000004768372},{"id":"https://openalex.org/keywords/audit-quality","display_name":"audit quality","score":0.7170000076293945},{"id":"https://openalex.org/keywords/firm-specific-information","display_name":"firm-specific information","score":0.656000018119812},{"id":"https://openalex.org/keywords/investor-perception","display_name":"investor perception","score":0.4129999876022339},{"id":"https://openalex.org/keywords/financial-reporting-quality","display_name":"financial reporting quality","score":0.6840000152587891},{"id":"https://openalex.org/keywords/audit-effectiveness","display_name":"audit effectiveness","score":0.3840000033378601}],"concepts":[{"id":"https://openalex.org/C199521495","wikidata":"https://www.wikidata.org/wiki/Q181487","display_name":"Audit","level":2,"score":0.7492882609367371},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6533716917037964},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.640681266784668},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.6398490071296692},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.5475491285324097},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4583773612976074},{"id":"https://openalex.org/C2988984586","wikidata":"https://www.wikidata.org/wiki/Q1020013","display_name":"Stock price","level":3,"score":0.42734771966934204},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.33413949608802795},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2615380883216858},{"id":"https://openalex.org/C143724316","wikidata":"https://www.wikidata.org/wiki/Q312468","display_name":"Series (stratigraphy)","level":2,"score":0.0},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.2308/ajpt-51256","doi":"https://doi.org/10.2308/ajpt-51256","is_oa":false,"landing_page_url":"https://doi.org/10.2308/ajpt-51256","pdf_url":null,"source":{"id":"https://openalex.org/S75845752","display_name":"Auditing A Journal of Practice & Theory","issn_l":"0278-0380","issn":["0278-0380","1558-7991"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-2","jufo-2","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310316290","host_organization_name":"American Accounting Association","host_organization_lineage":["https://openalex.org/P4310316290"],"host_organization_lineage_names":["American Accounting Association"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Auditing: A Journal of Practice & Theory","raw_type":"journal-article"},{"id":"pmh:oai:commons.ln.edu.hk:sw_master-6254","doi":null,"is_oa":false,"landing_page_url":"https://commons.ln.edu.hk/sw_master/5220","pdf_url":null,"source":{"id":"https://openalex.org/S4377196536","display_name":"Digital Commons - Lingnan (Lingnan University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I165488957","host_organization_name":"Lingnan University","host_organization_lineage":["https://openalex.org/I165488957"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Staff Publications","raw_type":"text"},{"id":"pmh:oai:ira.lib.polyu.edu.hk:10397/61465","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10397/61465","pdf_url":null,"source":{"id":"https://openalex.org/S4306400205","display_name":"PolyU Institutional Research Archive (Hong Kong Polytechnic University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I14243506","host_organization_name":"Hong Kong Polytechnic University","host_organization_lineage":["https://openalex.org/I14243506"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Journal/Magazine Article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":47,"referenced_works":["https://openalex.org/W579142622","https://openalex.org/W1486282728","https://openalex.org/W1499655039","https://openalex.org/W1965074910","https://openalex.org/W1966586504","https://openalex.org/W1976162410","https://openalex.org/W1979922354","https://openalex.org/W1987307803","https://openalex.org/W2008624682","https://openalex.org/W2008865423","https://openalex.org/W2015142764","https://openalex.org/W2018938845","https://openalex.org/W2034844274","https://openalex.org/W2046857068","https://openalex.org/W2049201705","https://openalex.org/W2059214589","https://openalex.org/W2060315039","https://openalex.org/W2086264602","https://openalex.org/W2100819365","https://openalex.org/W2106259442","https://openalex.org/W2108793178","https://openalex.org/W2124544233","https://openalex.org/W2149860980","https://openalex.org/W2152596199","https://openalex.org/W2161878611","https://openalex.org/W2167646351","https://openalex.org/W2269860695","https://openalex.org/W2767121344","https://openalex.org/W2890302625","https://openalex.org/W3121143499","https://openalex.org/W3121235414","https://openalex.org/W3121748228","https://openalex.org/W3122055684","https://openalex.org/W3122075419","https://openalex.org/W3122236161","https://openalex.org/W3122326417","https://openalex.org/W3122551571","https://openalex.org/W3122685622","https://openalex.org/W3123571286","https://openalex.org/W3123760756","https://openalex.org/W3124020925","https://openalex.org/W3125488543","https://openalex.org/W3125772057","https://openalex.org/W3126021128","https://openalex.org/W4235328403","https://openalex.org/W4245924134","https://openalex.org/W4300545775"],"related_works":["https://openalex.org/W7154163101","https://openalex.org/W2801438112","https://openalex.org/W2793829143","https://openalex.org/W2369138477","https://openalex.org/W1970074284","https://openalex.org/W2060315039","https://openalex.org/W2267223986","https://openalex.org/W7054630940","https://openalex.org/W2531706315","https://openalex.org/W1988582113"],"abstract_inverted_index":{"SUMMARY":[0],"In":[1],"this":[2,79],"study,":[3],"we":[4,62],"examine":[5],"how":[6],"investors":[7],"perceive":[8],"the":[9,31,38,89,109,113],"quality":[10],"of":[11,33,40,55,91,106],"financial":[12,110],"reports":[13],"audited":[14],"by":[15,49],"auditors":[16],"with":[17,69],"long":[18],"tenure.":[19],"We":[20],"argue":[21],"that":[22,29,43,64,78,88],"auditor":[23],"tenure":[24,66,92],"is":[25,44,67,81,96],"an":[26],"important":[27],"characteristic":[28],"influences":[30],"effectiveness":[32],"audits":[34],"and":[35,112,115],"thus":[36],"affects":[37],"amount":[39],"firm-specific":[41],"information":[42],"included":[45],"in":[46],"stock":[47,71],"prices":[48],"investors.":[50],"Based":[51],"on":[52,93,98],"a":[53,104],"sample":[54],"U.S.":[56],"firms":[57],"from":[58],"2003":[59],"to":[60],"2012,":[61],"show":[63],"longer":[65],"associated":[68],"higher":[70],"price":[72],"idiosyncratic":[73,94],"volatility.":[74],"Further":[75],"analyses":[76],"reveal":[77],"effect":[80,90],"only":[82],"present":[83],"for":[84,108],"industry-specialist":[85],"auditors,":[86],"suggesting":[87],"volatility":[95],"contingent":[97],"industry":[99],"expertise.":[100],"Our":[101],"results":[102],"have":[103],"number":[105],"implications":[107],"markets":[111],"accounting":[114],"auditing":[116],"professions.":[117]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":4},{"year":2024,"cited_by_count":6},{"year":2023,"cited_by_count":6},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":7},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":4},{"year":2017,"cited_by_count":1}],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2016-06-24T00:00:00"}