A test of the free cash flow and debt monitoring hypotheses: evidence from audit pricing

Article Abstract:

The positive association between free cash flow and audit fees were shown to be negatively correlated with debt, such that increasing debt will reduce the positive association between free cash flow and audit fees. This relationship is especially true for low growth companies with high debt loads. The observed relationship between debt, free cash flow and audit fees stem from the assessment of risk by the auditor and the effect of debt on non-value-maximizing activities.

Reporting & Disclosure, Research, Auditing, Financial statements, Disclosure statements (Accounting)

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Which types of analyst firms are more optimistic?

Article Abstract:

The selection of appropriate stock brokerage firms for better stock price analysis is discussed.

United States, Management dynamics, Commodity Contracts Dealing, Commodity contracts brokers, dealers, Commodity Brokers, Analysis, Management, Stocks, Stock prices, Company business management

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