학술논문
THE EFFECT OF AUDITOR CHOICE ON THE EARNINGS-TO-RETURNS RELATIONSHIP: THE CASE OF MALAYSIA
이용수 2
- 영문명
- 발행기관
- People & Global Business Association
- 저자명
- Shamsher Mohd Cheng Fan Fah
- 간행물 정보
- 『Global Business and Finance Review』Vol.6 No.2, 53~64쪽, 전체 11쪽
- 주제분류
- 경제경영 > 경영학
- 파일형태
- 발행일자
- 2001.12.31
4,120원
구매일시로부터 72시간 이내에 다운로드 가능합니다.
이 학술논문 정보는 (주)교보문고와 각 발행기관 사이에 저작물 이용 계약이 체결된 것으로, 교보문고를 통해 제공되고 있습니다.
국문 초록
영문 초록
The literature on the relationship between share price and earning of firms has questioned whether the nature of adjustment of prices to earnings information is homogeneous. This paper attempts to address the issue of choice of auditors by Malaysian listed firms and its effects on the credibility of the earnings generated, by analyzing the impact of the witch on the Earnings Response Coefficients (ERCs). The widely accepted perception that auditor quality is correlated with auditor size is not supported for the long window test in this study. However, in the short window test, the investors view the earnings generated by listed firms engaging the services of non-Big 5 audit firms as underestimated. The investors reward higher abnormal returns for the unexpected earnings disclosed around the earnings announcement dates for non-Big 5 clients than Big 5 clients. Finally, the findings of this study not only substantiate the findings on similar research from developed markets but also document the extension of the findings in the context of an emerging market.
목차
Abstract
INTRODUCTION
EVIDENCE
RESEARCH DESIGN, HYPOTHESIS AND DATA
FINDINGS
CONCLUSION
REFERENCES
키워드
해당간행물 수록 논문
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- DYNAMIC RELATIONSHIP BETWEEN EQUITY PRICES AND MACROECONOMIC CONDITIONS: EVIDENCE FROM EMERGING MARKETS
- PRICE-EARNING (P/E) RATIOS OF BROAD CATEGORIES OF U.S. STOCKS AND 3-MONTH T-BILL RATE: EVIDENCE FROM COINTEGRATION ANALYSES
- THE IMPACT OF TOP MANAGEMENT TEAM CHARACTERISTICS ON CORPORATE REFOCUSING IN U.S. FIRMS
- THE EFFECT OF AUDITOR CHOICE ON THE EARNINGS-TO-RETURNS RELATIONSHIP: THE CASE OF MALAYSIA
- SEASONALITY IN STOCK RETURNS: AN EMPIRICAL STUDY OF THAILAND
- IMPACT OF THE EURO ON EUROPEAN PORTFOLIO DIVERSIFICATION
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