Auditor's Opinion and Market Reaction of Companies Listed on the Tehran Stock Exchange (TSE) | Revista Publicando
Auditor's Opinion and Market Reaction of Companies Listed on the Tehran Stock Exchange (TSE)
PDF (EN)

Palabras clave

PRODUCCIÓN CIENTÍFICA
SERVICIOS DE INFORMACIÓN
ÁMBITO ARCHIVISTICO
SCOPUS
ESTUDIO MÉTRICO

Cómo citar

Hasan. (2018). Auditor’s Opinion and Market Reaction of Companies Listed on the Tehran Stock Exchange (TSE). Revista Publicando, 5(14 (2), 101-118. Recuperado a partir de https://revistapublicando.org/revista/index.php/crv/article/view/1130

Resumen

This research investigates the influence of auditor's opinion on stock market reaction in companies listed on the Tehran Stock Exchange (TSE). To test research hypotheses, financial information of the companies listed on the TSE during the period of 2011-2015 was used. The final research sample consisted of 125 companies that were selected after imposing desired restrictions and using systematic sampling elimination method. The present research is applied in terms of purpose and descriptive (non-experimental) in terms of the method of data collection. Collected data was analyzed using SPSS23 software. The results show that audit opinion can influence abnormal return of the company.

PDF (EN)

Citas

Aghaei, M. A. and Babaei, S. (2014). Relationship between auditor's opinion adjustment and timing of information disclosure. Empirical Studies in Financial Accounting Quarterly, 11(42), 1-29.

Banimahd, B., Moradzadehfard, M., and Zeinali, M. (2013). Relationship between change of independent auditor and change of audit opinion. Journal of Accounting Knowledge, 4(14), 91-108.

Banimahd, B. (2011). Investigation of some determinants on unqualified audit opinion. Quarterly Journal of Securities Exchange, 13(4), 83-95.

Bulu, Gh., Babajani, J., and Mohseni Maleki, B. (2013). Relationship between non-optimal cash holdings and future performance of companies in Tehran Stock Exchange (TSE). Journal of Accounting Knowledge, issue: 11, 7-29.

Rezaei, H. and Shahroodi, M. (2014). Relationship between change of auditor opinion and timing of information disclosure. The Financial Accounting and Auditing Researches, 8(5).

Gholami, P., Najafloo, M., and Zangiabadi, M. (2013). Investigating the extent of investors use audit report in the exchange. Certified Accountant, pp. 57-69.

Mashaiekh, Sh., Hadidfard, Sh., and Pezhman, S. (2013). Influence of news and news reports on capital market. Journal of Accounting Research, issue: 8.

Noorzad Dolatabadi, M. and Jadiri Naghashkar, J. (2013). The impact of the type of audit opinion on the amount of the stock exchanges in Tehran Stock Exchange. Empirical Studies in Financial Accounting Quarterly, 11(370, 127-148.

Anvarkhatibi, S., Safashur, M., Mohammadi, J., (2012), The Effect of Auditors Opinions on Shares Prices and Returns in Tehran Stock Exchange, Research Journal of Management Sciences, Vol. 1(1), 23-27.

Farzinfar, A. A., (2013), Investigating the relationship between auditor”™s opinion and stock return in the companies listed at Tehran stock exchange market, Management Science Letters 3, 81–90.

Frendy, H. D., (2014) , Japanese stock market reaction to announcements of news affecting auditors”™ reputation: The case of the Olympus fraud, Journal of Contemporary Accounting & Economics, 13 (4), 533–544.

Ianniello, G., Galloppo, G., (2015), Stock market reaction to auditor opinions Italianevidence, Managerial Auditing Journal, Vol. 30 Iss 6/7 pp. 610 – 632

Itonn,H(2009)"Audit reports and stock markets" International Journal of Hospitality Management, pp. 579-585.

Lin, Zh., Jiang, Y., Xu, Y., (2011), Do modified audit opinions have economic consequences? Empirical evidence based on financial constraints, China Journal of Accounting Research, 4, 135–154

Martinz,Z.Farall,T(2003)"Check reactions capital markets to qualified audit reports" Journal of International Money and Finance, pp. 406-426.

Moradi, M., Salehi, M., Rigi, M., (2011), The effect of qualified audit report on share prices and returns: Evidence of Iran, African Journal of Business Management Vol.5 (8), pp. 3354-3360.

Descargas

La descarga de datos todavía no está disponible.