Auditor Quality, IFRS Adoption, and Stock Price Crash Risk: Korean Evidence

被引：17

作者：

Lim, Hyunil ^{[1
]}

Kang, Sang Koo ^{[2
]}

Kim, Haksoon ^{[3
]}

机构：

[1] Korea Inst Procurement, Seoul, South Korea

[2] Korea Univ, Sch Business, Asian Inst Corp Governance, Seoul, South Korea

[3] Troy Univ, Dept Econ Finance & RMI, 136 Catoma St,2nd Floor, Montgomery, AL 36104 USA

来源：

EMERGING MARKETS FINANCE AND TRADE | 2016年 / 52卷 / 09期

关键词：

auditor quality; IFRS adoption; stock price crash risk; MARKET; FIRM; EARNINGS; BEHAVIOR; RETURNS;

D O I：

10.1080/1540496X.2016.1184142

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper investigates the relationship among auditor quality, International Financial Reporting Standard (IFRS) adoption and stock price crash risk. Using 657 unique listed companies spanning 2002-2014 in Korea, this study finds that stock price crash risk decreases, especially for firms using Big 4 auditors, after IFRS adoption in Korea. Stock price crash risk decreases for a firm included in Big 4 auditors, while it does not increase for a firm excluded from Big 4 auditors after IFRS adoption. Finally, this study finds that Big 4 auditor decreases stock price crash risk only when the firm size is above-median.

引用

页码：2100 / 2114

页数：15

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