The Female Audit Fee Premium
40 Pages Posted: 3 Jun 2010 Last revised: 17 Jan 2018
Date Written: February 27, 2015
Abstract
This study investigates the existence of a female audit fee premium audit fees for female audit engagement partners from Belgian firms that were audited by 93 female and 599 male audit partners during the period 2008–2011. The results suggest that client firms pay higher audit fees female auditors. The findings are confirmed by an array of robustness checks, including a propensity score matched sample, a Heckman two-stage procedure, an examination of a sample of clients that switched audit partners, and fixed-effects models. The combined evidence in this study suggests the existence of a female audit fee premium. This fee premium may exist because of gender differences in knowledge, skills, abilities, preferences, and behavior or due to supply side factors satisfaction.
Keywords: audit quality, audit fees, audit engagement partner, sex, gender
JEL Classification: M42, J16
Suggested Citation: Suggested Citation
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