.../approach The sample consists of all A-shares listed in the Chinese stock market from 2001 to 2019, except firms in the financial industry. Probit estimator is employed to observe the effect of audit quality, proxied by a binary variable indicating whether a firm is audited by a Big 4 audit firm...

... in the last section of the paper. Tax aggressiveness Audit fees Big 4 Board ownership Taxation policy is crucial to the country's development since it is a source for the government to generate resources for the country to finance the supply of the productive inputs, i.e. public goods...

... auditor is one of the Big 4 audit firms. Logistic regressions are employed to test research hypotheses. Findings – Empirical evidence obtained reveals that firms with higher ownership concentration are more likely to hire a Big 4 auditor. Hence, in such firms, high-quality audits are employed...