Role of auditor in agency conflict and corporate governance: Empirical analyses of Taiwanese firms

摘要: Purpose – The purpose of this study is to investigate whether hiring a high-quality auditor (i.e. industry specialist) depends on corporate governance indicators after controlling different level agency conflicts (ACs). Design/methodology/approach This paper uses logistic regressions 12,449 firm-year samples Taiwanese public companies from 1998 2011 by grouping the into three categories low, medium and high AC). Findings results show that can explain decision selection only in low AC groups, which suggest there may be complementary relationship between external auditors) internal when ACs are mild. Originality/value contributes ongoing debate substitutable effects. When controlled, complemented.