篇名 |
Audit Failure and Stock Price of Clients
|
---|---|
作者 | 陳立偉、楊清溪、顏志達 |
中文摘要 | In a sample of clients of auditors suffering audit failure from 2000 to 2006, the preliminary test indicates that stock prices of the clients negatively react to the news about audit failure. The further test is conducted in a regression of cumulative abnormal returns. The client which is in worse financial condition and which has ever changed their auditor in recent three years experiences more negative abnormal returns on the news about audit failure. The evidence is consistent with the Information Theory and the Agency Theory. |
起訖頁 | 127-145 |
關鍵詞 | 審計失敗、資訊理論、代理理論、Audit failure、Information theory、Agency theory |
刊名 | 人文社會科學研究 |
期數 | 200903 (3:1期) |
出版單位 | 國立屏東科技大學人文暨社會科學院 |
該期刊 上一篇
| 大溪老街居民觀光發展衝擊知覺對觀光發展態度影響之研究 |