management characteristics and audit opinion shopping

The present study assesses the relationship between management characteristics (management entrenchment, narcissism, ceo overconfidence, board effort, real and accrual-based earnings management) and audit opinion shopping in the tehran stock exchange-listed firms. in other words, this paper seeks to answer the question whether management characteristics can exert a favourable effect on audit opinion shopping or not. for this study, the multivariate regression model is used for hypothesis testing. research hypotheses are examined using a sample of 1309 observations on the tehran stock exchange during 2012-2018 and by employing the panel data-based multivariate regression and fixed-effects model. the results show a negative and significant relationship between management entrenchment and managers' overconfidence and audit opinion shopping. a positive and meaningful relationship was observed between management narcissism, real and accrual-based earnings management, and board effort and audit opinion shopping.