Abstract

http://ssrn.com/abstract=2088126
 


 



Effects of Audit Opinion on Stock Prices: The Case of Croatia and Slovenia


Arber H. Hoti


University of Prishtina - Faculty of Economics

Hysen Ismajli


University of Pristina

Skender Ahmeti


University of Prishtina

Arben Dermaku


University of Prishtina

June 20, 2012

Euroeconomica, Vol 31, No 2 (2012), ISSN: 1582-8859

Abstract:     
The aim of this paper is to determine the effects of stock prices following the announcement of audited financial reports of Slovenian and Croatian public interest entities. Our research is to study the importance of variables and their significance regarding the audit in explaining the reactions of stock price movements (fluctuations). In this study we have applied discriminant analysis and logit models. Discriminant analysis and logit were performed with type of opinion as the dependent variable and eleven financial ratios as independent variables. Test results show that the audit quality, the auditor's opinion have an impact on the evolution of stock prices.

Keywords: Audit report, audit opinion, stock price, financial statements, abnormal return

JEL Classification: M42, M40

Accepted Paper Series





Not Available For Download

Date posted: June 21, 2012  

Suggested Citation

Hoti, Arber H. and Ismajli, Hysen and Ahmeti, Skender and Dermaku, Arben, Effects of Audit Opinion on Stock Prices: The Case of Croatia and Slovenia (June 20, 2012). Euroeconomica, Vol 31, No 2 (2012), ISSN: 1582-8859. Available at SSRN: http://ssrn.com/abstract=2088126

Contact Information

Arber H. Hoti (Contact Author)
University of Prishtina - Faculty of Economics ( email )
Str. "Mother Teresa", 10 000 Prishtinë
Republic of Kosova
Kosovo
+38649373681 (Phone)
HOME PAGE: http://www.uni-pr.edu
Hysen Ismajli
University of Pristina ( email )
Nena Tereze nn
Pristina, Kosovo, Serbia and Montenegro 10000
Montenegro
Skender Ahmeti
University of Prishtina ( email )
Albania
Arben Dermaku
University of Prishtina ( email )
Albania
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