Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/55664
Title: CEO dominance, family control and modified audit opinions in Hong Kong
Authors: Low, PY
Majid, A
Keywords: CEO dominance
Family control
Modified audit opinions
Issue Date: 2008
Publisher: Virtus InterPress
Source: Corporate ownership and control, 2008, v. 5 , no. 2 B CONT. 1, p. 179-186 How to cite?
Journal: Corporate ownership and control 
Abstract: This study using Hong Kong data examines the linkages between CEO dominance (CEO and Chairman is the same individual), family ownership and control, and the likelihood that firms receive modified audit opinions. Logistic regression results using a matched pair design of 89 firm-years with modified audit opinions for 1997 to 1999 and 89 firm-years with unqualified audit opinions (control sample), show that family controlled firms are less likely to receive modified audit opinions than non-family controlled firms, and the positive association between CEO dominance and modified audit opinions is evident only for non-family controlled firms. This suggests that the abuse of power arising from CEO dominance may be mitigated by the presence of family ownership and control.
URI: http://hdl.handle.net/10397/55664
ISSN: 1727-9232
Appears in Collections:Journal/Magazine Article

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