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

Andrews, R.; Ferry, L.

doi:10.1080/09540962.2021.1996005

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

Andrews, R.; Ferry, L.

Authors

R. Andrews

Professor Laurence Ferry laurence.ferry@durham.ac.uk
Professor

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

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http://creativecommons.org/licenses/by-nc/4.0/

Copyright Statement
This is an Accepted Manuscript version of the following article, accepted for publication in Public Money and Management. [INCLUDE CITATION]. It is deposited under the terms of the Creative Commons Attribution-NonCommercial License (http://creativecommons.org/licenses/by-nc/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited.