|
|
|
|
||||
|
||||
Effects of Audit Opinion on Stock Prices: The Case of Croatia and SloveniaArber H. HotiUniversity of Prishtina - Faculty of Economics Hysen IsmajliUniversity of Pristina Skender AhmetiUniversity of Prishtina Arben DermakuUniversity 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 SeriesDate posted: June 21, 2012Suggested CitationContact Information
|
|
|||||||||||||||||||
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
FAQ
Terms of Use
Privacy Policy
Copyright
This page was processed by apollo7 in 0.313 seconds
