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Keywords: hedge funds
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Journal Articles
Accounting Horizons (2021) 35 (4): 23–43.
Published: 01 December 2021
...Dichu Bao; Jong-Hag Choi; Byoung Uk Kang; Woo-Jong Lee SYNOPSIS Using the setting of hedge funds, we document two important merits of external audits. We find that incentive fee rates (i.e., performance-based compensation to fund managers) are higher for audited funds than for unaudited funds...