臺大管理論叢 NTU Management Review VOL.30 NO.2

Do Government Initiatives and Reasons for Auditor-Client Realignment Influence Audit Fees and Audit Quality? Evidence from China 224 Table 1 Sample Description Panel A: Sample Selection Processes Process Number of Observations TEJ auditor change observations (firm-years) between 2002 and 2014 3,507 Less: Change due to audit firm merger 1,609 Less: Change due to fee disputes 21 Less: Change due to other reasons 35 Less: Financial firms 38 Less: Auditing and financial data missing 464 -2,167 Total number of observations 1,340 Panel B: Sample Distribution by Industry Industry Number of Observations % Agriculture, Forestry, and Fishing 18 1.34 Mining 34 2.54 Manufacturing 814 60.75 Electric, Gas, and Sanitary Services 50 3.73 Construction 29 2.16 Transportation and Storage 55 4.10 Information Technology 123 9.18 Wholesale and Retail Trades 70 5.22 Real Estate 71 5.30 Public Administration 33 2.46 Communication and Culture 11 0.82 Miscellaneous 32 2.39 Total number of observations 1,340 100.00