volume 30, issue 6/7, P610-632 2015
DOI: 10.1108/maj-06-2014-1045
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Giuseppe Ianniello, Giuseppe Galloppo

Abstract: Purpose – The purpose of this paper is to examine investor reactions to auditor opinions containing qualifications or an emphasis of matter paragraph related to going concern uncertainty or financial distress. In particular, abnormal returns are analyzed around audit report dates. Design/methodology/approach – The event study methodology, focusing on a short event window, was used to determine whether there is an immediat…

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