過去股價崩盤風險研究通常將股價崩盤風險做為因變數，以捕捉影響股價崩盤風險的重大因子。本篇將股價崩盤風險視為自變數並探討股價崩盤風險是否為審計公費訂價的考量因素之一。使用美國的資料做為樣本，期間為2002-2013，在控制會計師及受查者特性的變數的前提下，本篇發現股價崩盤風險與未來審計公費呈現顯著正相關，說明會計師事務所對上試公司訂立審計公費的水準時，會將股價崩盤風險列為考慮因素之一。本篇穩健性測試為White’s測試。;Previous researches usually define crash risk as dependent variable to find the important explanatory variables. We examine the association between stock price crash risk as independent variable and further pricing of audit fees. Using a sample of U.S. stocks spanning the period 2002-2013, our main finding is a statistically significant and positively association between further audit fees and stock price crash risk after controlling for audit and client characteristics. We find that as the characteristics of clients, stock price crash risk will influence future audit fees. Our findings are robust to White’s tests.
