The pricing of assurance risk in secondary equity offerings
This paper examines the pricing of assurance services in secondary equity offerings (SEOs). Our empirical model extends initial public offering (IPO) fee specifications to include variables that are unique to, or more relevant for, secondary offerings. We document an inverse relationship between SEO fees and a client's ability to delay its secondary offering, suggesting that auditors do not charge as much for SEOs made by relatively mature firms. The relationship reverses, however, when the...[Show more]
|Collections||ANU Research Publications|
|Source:||Journal of Accounting Auditing and Finance (JAAF)|
|01_Fargher_The_pricing_of_assurance_risk_2005.pdf||105.91 kB||Adobe PDF||Request a copy|
Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.