کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
1005220 1481946 2010 25 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Stock market reactions to audit failure in Japan: The case of Kanebo and ChuoAoyama
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری حسابداری
پیش نمایش صفحه اول مقاله
Stock market reactions to audit failure in Japan: The case of Kanebo and ChuoAoyama
چکیده انگلیسی

This paper investigates the impact of accounting fraud by Kanebo and the resulting penalties on Kanebo and its auditor, ChuoAoyama, on the stock prices of clients of ChuoAoyama and the other Big 4 auditors in Japan. Studying such a case in a low-litigation country provides an opportunity to test whether loss of an auditors' reputation matters without an insurance rationale. We find that the announcements of poor audit quality has significantly decreased the stock prices of clients of ChuoAoyama and, to a lesser extent, stock prices of the clients of the other Big 4 auditors. This industry-wide spillover has not been previously studied.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: The International Journal of Accounting - Volume 45, Issue 2, June 2010, Pages 175–199
نویسندگان
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