The influence of auditor term length and term limits on US state general obligation bond ratings
- Schelker, Mark University of Fribourg
-
2012
Published in:
- Public Choice. - 2012, vol. 150, p. 27-49
English
Improving transparency and enabling the principal to hold its agents accountable is a major issue in any principal agent relationship. This paper focuses on the role of public auditors in this task and presents evidence on the impact of auditor term length and term limits on government performance measured by state credit ratings at the US State level. I find no clear evidence for the influence of auditor term length, but strong evidence for a positive and significant influence of term limits on state credit ratings. Auditors who face a binding term limit are associated with higher credit ratings.
- Faculty
- Faculté des sciences économiques et sociales et du management
- Department
- Département d'économie politique
- Language
-
- English
- Classification
- Economics
- License
- License undefined
- Identifiers
-
- RERO DOC 330473
- DOI 10.1007/s11127-010-9688-4
- Persistent URL
- https://folia.unifr.ch/unifr/documents/309378
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