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
收藏
页码：2100 / 2114
页数：15
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