Consequences of Going Concern Opinion for Financial Reports of Business Firms and Capital Markets with Auditor Reputation as a Moderation Variable: An Experimental Study

Hapsoro, Dody and Suryanto, Tulus (2017) Consequences of Going Concern Opinion for Financial Reports of Business Firms and Capital Markets with Auditor Reputation as a Moderation Variable: An Experimental Study. European Research Studies Journal, XX (2A). pp. 197-223. ISSN 1108-2976

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Official URL: https://www.ersj.eu/repec/ers/papers/17_2_A_p12.pd...

Abstract

This research aims to observe the consequences of going concern opinion (GCO) and examine the role of specialist accounting firms for the financial reports of business firms and capital markets. The research is based on an experimental study consisting of 107 undergraduate and graduate students who were asked to act as financial analysts. The GCO consequence for the financial reports of business firms is that the stock price of the corresponding firms will decline, but the decline will be smaller if the financial reports are audited by specialist accounting firms. The GCO consequence for rival firms is that the stock prices of the rival firms will rise if other companies in the same industry receive GCO, but the increase will be smaller if the companies receiving GCO are audited by specialized accounting firms. The GCO consequences of the capital markets is that the stock prices of all companies, the composite index and the market participants will increase, but the presence of a specialized accounting firm has not been proven to strengthen the market participants’ willingness to participate further in the stock market.

Item Type: Article
Uncontrolled Keywords: going concern opinion (GCO), financial reports, specialized industry auditor, stock price of firms, composite index, market participants
Divisions: Dosen STIE YKPN > Artikel > Jurnal
Depositing User: Pustakawan STIE YKPN
Date Deposited: 12 Jun 2019 09:12
Last Modified: 05 Nov 2020 01:02
URI: http://repository.stieykpn.ac.id/id/eprint/20

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