Show simple item record

dc.contributor.authorRomelli, Davide
dc.contributor.authorMasciandaro, Donato
dc.contributor.authorPeia, Oana
dc.date.accessioned2020-01-24T09:54:27Z
dc.date.available2020-01-24T09:54:27Z
dc.date.issued2020
dc.date.submitted2020en
dc.identifier.citationMasciandaro, D., Peia, O. & Romelli, D., Banking supervision and external auditors: Theory and empirics, Journal of Financial Stability, 2020en
dc.identifier.otherY
dc.identifier.urihttps://www.sciencedirect.com/science/article/pii/S1572308919306734
dc.identifier.urihttp://hdl.handle.net/2262/91380
dc.description.abstractThis paper investigates the role of external auditors in banking sector supervision from a theoretical, institutional and empirical perspective. We first present a simple principal-agent framework that highlights the importance of several institutional characteristics in determining the optimal involvement of external auditors in supervision. We then construct a new index that captures the degree of involvement of external auditors in the oversight of the banking sector in 115 countries. Consistent with our theoretical arguments, we find that countries that increase the role of central banks in supervision are also more likely to involve auditors, suggesting that the added complexity of a supervisory function is likely to benefit from the expertise of an external auditor. Having experienced a financial crisis is also associated with a higher use of auditors, particularly among central banks with an increasing role in supervision, which suggests some reputational concerns of the supervisor. Finally, we show that higher audit quality is associated with an increased involvement of auditors in supervision.en
dc.language.isoenen
dc.relation.ispartofseriesJournal of Financial Stability;
dc.rightsYen
dc.subjectBanking supervisionen
dc.subjectAuditingen
dc.subjectDelegationen
dc.subjectEconomics and lawen
dc.titleBanking supervision and external auditors: Theory and empiricsen
dc.typeJournal Articleen
dc.type.supercollectionscholarly_publicationsen
dc.type.supercollectionrefereed_publicationsen
dc.identifier.peoplefinderurlhttp://people.tcd.ie/romellid
dc.identifier.rssinternalid210369
dc.identifier.doihttps://doi.org/10.1016/j.jfs.2019.100722
dc.rights.ecaccessrightsopenAccess
dc.subject.TCDThemeInternational Developmenten
dc.identifier.orcid_id0000-0002-5405-6451


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record