Replication data for: What Does Reputation Buy? Differentiation in a Market for Third-Party Auditors
Principal Investigator(s): View help for Principal Investigator(s) Esther Duflo; Michael Greenstone; Rohini Pande; Nicholas Ryan
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
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| For-auditor-heterogeneity | 10/11/2019 06:34:PM | ||
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text/plain | 14.6 KB | 10/11/2019 02:34:PM |
Project Citation:
Duflo, Esther, Greenstone, Michael, Pande, Rohini, and Ryan, Nicholas. Replication data for: What Does Reputation Buy? Differentiation in a Market for Third-Party Auditors. Nashville, TN: American Economic Association [publisher], 2013. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112625V1
Project Description
Summary:
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We study differences in quality in the market for third-party environmental auditors in Gujarat, India. We find that, despite the low overall quality, auditors are heterogeneous and some perform well. We posit that these high-quality auditors survive by using their good name to insulate select client plants from regulatory scrutiny. We find two pieces of evidence broadly consistent with this hypothesis: (i) though estimates are not precise, higher-quality auditors appear to be paid more both in their work as third-party auditors and in their complementary work as consultants; and (ii) plants with high-quality auditors incur fewer costly penalties from the regulator.
Scope of Project
JEL Classification:
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G32 Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
M42 Auditing
O13 Economic Development: Agriculture; Natural Resources; Energy; Environment; Other Primary Products
O14 Industrialization; Manufacturing and Service Industries; Choice of Technology
Q52 Pollution Control Adoption and Costs; Distributional Effects; Employment Effects
Q56 Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
G32 Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
M42 Auditing
O13 Economic Development: Agriculture; Natural Resources; Energy; Environment; Other Primary Products
O14 Industrialization; Manufacturing and Service Industries; Choice of Technology
Q52 Pollution Control Adoption and Costs; Distributional Effects; Employment Effects
Q56 Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
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