Abstract
Studies the responsiveness of manager clients to opinions made by auditors based on their qualifications through an equilibrium model. Discussion on the two-period equilibrium model; Propositions on high report of auditors; Related studies on audit opinions and market opinion.
Full Citation
.
“A Theoretical Examination of the Market Reaction to Auditors' Qualifications.”
Journal of Accounting Research
vol.
35
,
(January 01, 1997):
239
-56
.