Environmental Responsibility, Social Responsibility, and Governance from the Perspective of Auditors
Abstract
:1. Introduction
2. Literature and Hypothesis Development
2.1. Environment, Social, and Governance, and Audit Complexity
2.2. Audit Risk and Audit Hours
2.3. Hypothesis Development
3. Research Design and Sample Description
3.1. Research Model
3.1.1. Measuring Manager’s Ability
3.1.2. Testing Hypothesis
3.2. Data Selection
4. Empirical Results
4.1. Descriptive Statistics
4.2. Main Findings and Discussion
4.3. Additional Analysis—The Relationship between ESG and Audit Efforts by Rank
5. Conclusions
Author Contributions
Funding
Institutional Review Board Statement
Informed Consent Statement
Data Availability Statement
Conflicts of Interest
References
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Firms with ESG, Audit Hours, and December Year-End in Years 2014–2019 | 3942 |
---|---|
Less: | |
No financial data | 932 |
Final observation | 3010 |
Variables | Mean | STD | Q1 | Median | Q3 |
---|---|---|---|---|---|
Ah | 2.034 | 3.051 | 0.000 | 0.000 | 6.418 |
Esg | 3.335 | 0.399 | 3.091 | 3.332 | 3.584 |
Ma | 0.001 | 0.114 | −0.055 | 0.005 | 0.076 |
(1) | (2) | (3) | |
---|---|---|---|
(1) Ah | 1.000 | −0.323 | −0.015 |
<0.0001 | 0.402 | ||
(2) Esg | 1.000 | −0.026 | |
0.146 | |||
(3) Ma | 1.000 | ||
Variables | Estimate | T−Value |
---|---|---|
Intercept | 21.509 | 24.790 *** |
Esg | 0.446 | 9.970 *** |
Size | −0.710 | −21.040 *** |
Lev | −1.495 | −7.750 *** |
Roa | −0.331 | −0.770 |
Da | 0.782 | 1.780 * |
Mo | −0.027 | −0.110 |
Fo | 0.498 | 1.420 |
Beta | −0.043 | −0.690 |
Vol | 6.801 | 1.950 |
Big4 | −2.276 | −27.050 *** |
Ind | Included | |
Yr | Included | |
Adjusted R−square | 0.367 | |
Observations | 3010 |
Variables | Estimate | T−Value |
---|---|---|
Intercept | 23.626 | 22.9600 *** |
Esg | 0.074 | 0.4900 |
Ma | 5.583 | 1.6100 |
Esg × Ma | −2.048 | −1.9100 ** |
Size | −0.741 | −15.8900 *** |
Lev | −1.585 | −6.2000 *** |
Roa | 0.247 | 0.4400 |
Da | −0.966 | −1.4300 |
Mo | −0.080 | −0.2800 |
Fo | 0.722 | 1.6800 * |
Beta | 0.117 | 1.5400 |
Vol | 4.087 | 1.4000 |
Big4 | −2.243 | −21.800 *** |
Ind | Included | |
Yr | Included | |
Adjusted R−square | 0.363 | |
Observations | 3010 |
Variables | Partners | CPA | Staff | |||
---|---|---|---|---|---|---|
Est | T−Value | Est | T−Value | Est | T−Value | |
Intercept | −3.817 | −13.740 *** | −4.540 | −22.820 *** | −8.024 | −12.240 *** |
Esg | 0.114 | 2.840 *** | 0.066 | 2.290 ** | 0.287 | 3.040 *** |
Size | 0.321 | 25.960 *** | 0.414 | 46.940 *** | 0.330 | 11.340 *** |
Lev | 0.172 | 2.780 *** | 0.411 | 9.280 *** | 0.556 | 3.810 *** |
Roa | −0.249 | −2.840 *** | −0.082 | −1.300 | 0.144 | 0.690 |
Da | −0.043 | −0.300 | −0.040 | −0.400 | −0.495 | −1.490 |
Mo | −0.351 | −4.690 *** | −0.408 | −7.640 *** | 0.026 | 0.150 |
Fo | 0.120 | 1.090 | −0.005 | −0.060 | 0.376 | 1.460 |
Beta | −0.001 | −0.040 | 0.020 | 1.440 | −0.061 | −1.340 |
Vol | 5.475 | 4.870 *** | 2.643 | 3.310 *** | 3.467 | 1.310 |
Big4 | −0.795 | −29.780 *** | 0.160 | 8.460 *** | 4.094 | 65.110 *** |
Ind | Included | Included | Included | |||
Yr | Included | Included | Included | |||
Adj R−square | 0.366 | 0.657 | 0.670 | |||
Observations | 3010 | 3010 | 3010 |
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Lee, J.; Kim, S.; Kim, E. Environmental Responsibility, Social Responsibility, and Governance from the Perspective of Auditors. Int. J. Environ. Res. Public Health 2022, 19, 12181. https://doi.org/10.3390/ijerph191912181
Lee J, Kim S, Kim E. Environmental Responsibility, Social Responsibility, and Governance from the Perspective of Auditors. International Journal of Environmental Research and Public Health. 2022; 19(19):12181. https://doi.org/10.3390/ijerph191912181
Chicago/Turabian StyleLee, Jaehong, Suyon Kim, and Eunsoo Kim. 2022. "Environmental Responsibility, Social Responsibility, and Governance from the Perspective of Auditors" International Journal of Environmental Research and Public Health 19, no. 19: 12181. https://doi.org/10.3390/ijerph191912181
APA StyleLee, J., Kim, S., & Kim, E. (2022). Environmental Responsibility, Social Responsibility, and Governance from the Perspective of Auditors. International Journal of Environmental Research and Public Health, 19(19), 12181. https://doi.org/10.3390/ijerph191912181