Political control and audit fees: an empirical analysis of local state-owned enterprises in England

Andrews, R.; Ferry, L.

Abstract

This paper investigates relationship between political control and audit fees for local state-owned enterprises (SOEs) in England – hybrid public service organizations not subject to public sector audit. Panel regression techniques analyse secondary data on 405 SOEs for 2009-2017 where major local authorities held an interest. Statistical results suggest greater political representation on boards of directors of local SOEs is associated with higher audit fees and positive relationship between political control and audit fees is stronger for majority public ownership.

Citation

Andrews, R., & Ferry, L. (2023). Political control and audit fees: an empirical analysis of local state-owned enterprises in England. Public Money & Management, 43(5), 438-446. https://doi.org/10.1080/09540962.2021.1996005

• Journal Article Type: Article
• Acceptance Date: Sep 30, 2021
• Online Publication Date: Nov 1, 2021
• Publication Date: 2023-05
• Deposit Date: Oct 5, 2021
• Publicly Available Date: May 1, 2023
• Journal: Public Money and Management
• Print ISSN: 0954-0962
• Electronic ISSN: 1467-9302
• Publisher: Taylor and Francis Group
• Peer Reviewed: Peer Reviewed
• Volume: 43
• Issue: 5
• Pages: 438-446
• DOI: https://doi.org/10.1080/09540962.2021.1996005
• Public URL: https://durham-repository.worktribe.com/output/1237742