Board Independence and Audit-Firm Type
研究财产责任保险公司中外部董事比例与选择行业专长审计师的关系，发现外部董事比例越高，公司越可能聘请保险行业专长的品牌审计师，但品牌知名度本身不重要。
This paper investigates the role of outside members of the board of directors in the choice of external auditor for property-liability insurance companies. Consistent with our hypothesis that we derive from theories of both corporate governance and audit quality, we find that the likelihood of an insurer employing a brand name auditor that specializes in the insurance industry is increasing in the percentage of the members of the board of directors that are considered outsiders. However, we do not find a significant association between board composition and the choice of using a nonspecialist brand name (Big 6) auditor and a nonbrand name auditor, suggesting specialization is considered to be important, but not brand name in this setting.