Does audit quality moderate the relationship between financial statements readability and stock price crash risk?
Bahaa Saleeb Agaiby Bakhiet
Abstract:Purpose
This study aims to examine the correlation between the readability of financial statements and the likelihood of future stock price crashes in nonfinancial companies listed on the Egyptian Stock Exchange. It further explores the possible moderating effect of audit quality on this relationship.
Design/methodology/approach
The study uses ordinary least squares regression, generalized least squares estimation and two-stage least squares methodology to examine and validate the research hypotheses. The sa… Show more
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