Impact of Corporate Lobbying on Board Compensation and Audit Quality

Corporate lobbying is one of the most important ways companies, society, and even citizens can directly and legally influence the development and implementation of new laws and regulations. Theoretically, lobbying can be a threat to auditor independence as well. This study investigates the impact of corporate lobbying on board compensation and audit quality. Using a sample of ۱۵۰ companies listed on the Tehran Stock Exchange over period ۲۰۱۲-۲۰۱۸, the study shows that corporate lobbying has a significant impact on board compensation and audit quality. This is the first study investigating the impact of corporate lobbying on board compensation and audit quality of companies listed on the Tehran Stock Exchange.

کلیدواژه ها:

Audit Quality ، Corporate Lobbying ، Board Compensation ، Auditor tenure ، Stock Exchange ، stock returns