CEO Duality and Audit Fees: Malaysian Evidence
Noraizan Ripain1, Wan Nordin Wan-Hussin2, Mohd. Atef Md. Yusof3.
This paper examines the association between CEO duality as a proxy of narcissistic CEO and audit fees using sample of TOP 100 ranked by Market Capitalization on Main Market Bursa Malaysia. There are four indicators used in the study as the proxy of narcissistic CEO, namely CEO photo, CEO compensation ratio, CEO tenure and CEO duality. The findings show that among the indicators, CEO duality has a positive significant with audit fees, indicating that auditor perceived there is higher engagement risk that led to higher audit fees when firm with CEO that also serve as chairman. To the best of our knowledge, this is the first study that examines the relationship between narcissistic CEO and audit fees in emerging countries.
Affiliation:
- Faculty of Business, Economics and Accountancy, Universiti Malaysia Sabah (UMS), 88400 Kota Kinabalu, Sabah, Malaysia
- Othman Yeop Abdullah Graduate School of Business, Universiti Utara Malaysia, Malaysia
- Tunku Puteri Intan Safinaz School of Accountancy (TISSA-UUM), UUM College of Business, Universiti Utara Malaysia, 06010 Sintok, Kedah., Malaysia
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