Timing of Auditor Changes,Reporting Lags,and Market Reactions: Evidence from China’s Security Markets

摘要：

This paper conducts an empirical study using a data set from 150 listed companies,which switched their auditors during 2003-2005,to analysis the relationship between the timing of auditor changes and reporting lags,and examines market reactions to these changes by event study. The results of regression show that there are significant influences of the timing of auditor changes on reporting lags,after controlling corporate size,profit-equity ratio,financial conditions,extraordinary items,net-losses,and auditing opinions. Moreover,the results of event study show that there are same significant positive reactions to early switch auditors but negative reactions to late changes in Shanghai and Shenzhen securities markets. Therefore,it is informative to announce switch auditor.

关键词： Auditor Changes Reporting Lags Event Study Market Reactions

作者: 洪渊 李鹏飞

作者单位: 中国人民大学经济学院 日本爱知大学国际中国学研究中心中国人民大学经济学院

会议类型: 国际会议

会议名称: 2007年中国国际金融年会

会议地点: 成都

会议语种:英文

在线出版日期: 2007-07-09（万方平台首次上网日期，不代表论文的发表时间）