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Truman s brothel and Ramaphosa s beer hall debates are no match for Uncepa principals

Truman s brothel and Ramaphosa s beer hall debates are no match for Uncepa principals
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IPO Pricing Regulation and Audit Fees by Gang Zhao, Ying Deng et al

From the perspective of institutional change in IPO regulation, this paper discusses the relationship between IPO pricing regulation and audit fees in China. This paper finds that the audit fees of IPO companies are higher in the stage of pricing regulation in comparison to the stage of pricing marketization. We also find auditors charge higher audit fees for private companies than state-owned companies during the IPO pricing regulation period. Furthermore, in regions with tightened legislation, IPO audit fees are higher in the IPO pricing regulation period.

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