Audit Specialists and Market Reaction on Accruals
碩士 === 國立中正大學 === 會計與資訊科技研究所 === 99 === The prior literatures use single measure for the audit specialists. This research aims to use two measures for the audit specialists: audit market share and audit client centralization Share. This research investigates the relation of audit specialists and mar...
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ndltd-TW-099CCU007360292015-10-28T04:06:47Z http://ndltd.ncl.edu.tw/handle/61441101000792405637 Audit Specialists and Market Reaction on Accruals 專業會計師與應計項目之股市反應 Wang, Yi-Chun 王怡鈞 碩士 國立中正大學 會計與資訊科技研究所 99 The prior literatures use single measure for the audit specialists. This research aims to use two measures for the audit specialists: audit market share and audit client centralization Share. This research investigates the relation of audit specialists and market reaction of accruals. Three main questions are (1) Can the auditor with high audit market share help mitigate the mispricing of component of earnings? (2) Can the auditor with high audit client centralization share help mitigate the mispricing of components of earnings? (3) Do the audit specialists improve the quality of financial information? We employ the two –stage rational expectations procedure developed by Mishkin(1983). The results provide evidence that the auditors with higher audit market share maintain their industry reputation, therefore improving the audit quality and helping mitigate the mispricing of accruals and cash flow component of earnings. One the other hand, the auditors with higher audit client centralization share have motivation to keep good relationship with their clients, therefore influencing their independence. There is no evidence that the auditors with higher audit client centralization share worse the mispricing, but it shows the auditors cannot help mitigate the mispricing of accruals and cash flow component of earnings. 林岳喬 2011 學位論文 ; thesis 38 zh-TW |
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碩士 === 國立中正大學 === 會計與資訊科技研究所 === 99 === The prior literatures use single measure for the audit specialists. This research aims to use two measures for the audit specialists: audit market share and audit client centralization Share. This research investigates the relation of audit specialists and market reaction of accruals. Three main questions are (1) Can the auditor with high audit market share help mitigate the mispricing of component of earnings? (2) Can the auditor with high audit client centralization share help mitigate the mispricing of components of earnings? (3) Do the audit specialists improve the quality of financial information? We employ the two –stage rational expectations procedure developed by Mishkin(1983). The results provide evidence that the auditors with higher audit market share maintain their industry reputation, therefore improving the audit quality and helping mitigate the mispricing of accruals and cash flow component of earnings. One the other hand, the auditors with higher audit client centralization share have motivation to keep good relationship with their clients, therefore influencing their independence. There is no evidence that the auditors with higher audit client centralization share worse the mispricing, but it shows the auditors cannot help mitigate the mispricing of accruals and cash flow component of earnings.
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author2 |
林岳喬 |
author_facet |
林岳喬 Wang, Yi-Chun 王怡鈞 |
author |
Wang, Yi-Chun 王怡鈞 |
spellingShingle |
Wang, Yi-Chun 王怡鈞 Audit Specialists and Market Reaction on Accruals |
author_sort |
Wang, Yi-Chun |
title |
Audit Specialists and Market Reaction on Accruals |
title_short |
Audit Specialists and Market Reaction on Accruals |
title_full |
Audit Specialists and Market Reaction on Accruals |
title_fullStr |
Audit Specialists and Market Reaction on Accruals |
title_full_unstemmed |
Audit Specialists and Market Reaction on Accruals |
title_sort |
audit specialists and market reaction on accruals |
publishDate |
2011 |
url |
http://ndltd.ncl.edu.tw/handle/61441101000792405637 |
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