Can Big Auditors Increase Enterprises Value ——An Empirical Study Based on A Stock Market in China

DOI

10.2991/gecss-14.2014.16How to use a DOI?

Keywords

auditor, audit quality, initial discount, enterprise value

Abstract

Based on the large sample data of 2009-2011 A-shares market, the paper tests whether the current capital market in China has cultivated higher quality auditors by studying whether big auditors can increase clients’ market value. The results were analyzed by multiple regression analyses. It shows that audit firms, whether the international Big 4 auditors or national leading ones, pose no significant positive influence on enterprises value, which further indicates that there is still room to improve the capital market environment in China.

Copyright

© 2014, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Cunyan Zhang
AU  - Haiping Lv
AU  - Yahui Tian
AU  - Cairong Wang
PY  - 2014/01
DA  - 2014/01
TI  - Can Big Auditors Increase Enterprises Value ——An Empirical Study Based on A Stock Market in China
BT  - Proceedings of the 2014 International Conference on Global Economy, Commerce and Service Science
PB  - Atlantis Press
SP  - 59
EP  - 63
SN  - 1951-6851
UR  - https://doi.org/10.2991/gecss-14.2014.16
DO  - 10.2991/gecss-14.2014.16
ID  - Zhang2014/01
ER  -