Results 301 to 310 of about 218,338 (329)
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The Value Relevance of the Qualified Going Concern Opinion
SSRN Electronic Journal, 2010This paper examines the impact of going concern opinions on the market value of firms. Our results suggest that firms with going concern opinions tend to have lower market value than firms without such opinion modification. In addition, we find that the pricing multiples of earnings are lower for firms with the going concern opinions.
Emiliano Ruiz-Barbadillo +2 more
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Going concern opinions and IPO pricing accuracy
Review of Quantitative Finance and Accounting, 2018In a marked shift, it has become relatively more common for ordinary initial public offerings (IPOs) to contain going concern opinions (GCOs) in their offering documents. Examining the implications of such GCOs for IPO investors in a sample of ordinary IPOs from 2001 to 2012, we find that GCOs increase price accuracy by reducing price revisions and ...
Natalia Matanova +3 more
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The Auditor's Going-Concern Opinion Decision
International Journal of Business and Economics, 2007In this study, we expand on several previous studies related to the materiality judgments and the auditor's propensity to issue a going-concern opinion to financially troubled but non-bankrupt companies. We test the auditor's materiality thresholds by investigating whether there is any significant difference in accuracy among audit firms, especially ...
Tae G. Ryu, Chul-Young Roh
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Nonprofit Stakeholder Response to Going-Concern Audit Opinions
Journal of Accounting, Auditing & Finance, 2015Using a sample of industry-diverse nonprofit organizations, we find support for stakeholders’ use of nonprofit going-concern audit opinion (GCO) reports. We study the reactions of the three largest nonprofit stakeholder groups: donors, service recipients, and managers.
Keval Amin, Erica E. Harris
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Market Information and Predictive Accuracy of the Going Concern Opinion
SSRN Electronic Journal, 2003We find a model that uses both financial statement and market information is an unambiguously superior predictor of bankruptcy than the going concern (audit) opinion. However, the audit opinion has incremental predictive ability for bankruptcy beyond both financial statement and market-based variables, suggesting that financial statement and market ...
Kannan Raghunandan, K.R. Subramanyam
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Long‐term effects of the going concern opinion
Managerial Auditing Journal, 2004Studies have suggested that the auditor's fear of self‐fulfilling prophecy may alter an auditor's behavior concerning the issuance of a going concern opinion. This study investigates a sample of firms that received auditor going concern opinions and ultimately resolved these opinions successfully, as evidenced by subsequent unqualified opinions.
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Going-concern Opinions in Failing Companies: Auditor Dependence and Opinion Shopping
SSRN Electronic Journal, 2000Contrary to public expectations, companies usually receive clean audit opinions shortly prior to failure. This study examines whether audit reports in failing companies are affected by auditor dependence or opinion shopping. I find audit fees, auditor size, auditor-client tenures and dominant directors are not significantly associated with going ...
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Investor overreaction to going concern audit opinion announcements
Applied Financial Economics, 2006The finance literature extensively documents the existence of stock market anomalies, such as the January effect, the day of the week effect and the small firm effect. Many of these anomalies were discovered or clarified while investigating what has come to be known as the overreaction hypothesis.
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