The association between Agency Cost and the Turnover of Internal Audit Manager

• Main Authors: Yu-PingLin, 林玉萍
• Other Authors: Yu-Chen Lin
• Format: Others
• Language: zh-TW
• Published: 2015
• Online Access: http://ndltd.ncl.edu.tw/handle/85730048167896540722

碩士 === 國立成功大學 === 財務金融研究所碩士在職專班 === 103 === SUMMARY This paper is examines the relation between agency costs and the turnover of internal audit manager (henceforth IAM), and further explore whether firm attributes, such as managerial ownership, and dual chairman/CEO structure, external audit firm switching, influence that relationship. In reference to Singh and Davidson Ⅲ(2003) and Ang, Cole and Lin(2000), this paper use the operating expense ratio and asset turnover ratio as the proxies for agency costs. By using Logit regression analysis, this study finds that the turnover of IAM is not only significantly correlation with agency costs but also managerial ownership. Furthermore the results show that the corporate governance factors, like external audit firm switch and turnover of the mangers, are positively associated with IAM turnover. Keyword: agency theory, agency cost, internal audit, turnover of internal audit manager, corporate governance