Strategic Alignment Between Supply Chain Partners and Supplier Audit Fees
研究了供应商与主要客户之间的战略一致性是否与供应商的审计费用降低相关，发现战略一致性能降低审计风险，从而减少审计费用，且行业专家审计师会强化这一效应。
ABSTRACT This study examines whether strategic alignment between participants in the same supply chain is associated with supplier audit fees. We hypothesize that strategic alignment between suppliers and customers can mitigate the business and audit risk associated with auditing a supplier firm, which will be associated with lower audit fees. We utilize disclosures about major customers to construct a dataset of supplier–customer dyads and then compare the relative strategies of the two parties. The empirical results support our hypothesis that strategic alignment between suppliers and their major customers is associated with lower audit fees for the supplier. We also find that the negative association between strategic alignment and supplier audit fees is more pronounced when auditors are industry specialists. Our results remain robust when using alternative measures of strategic alignment, testing for functional form misspecification, and addressing potential endogeneity.