Can Big Auditors Increase Enterprises Value ——An Empirical Study Based on A Stock Market in China
Cunyan Zhang, Haiping Lv, Yahui Tian, Cairong Wang
Available Online January 2014.
- https://doi.org/10.2991/gecss-14.2014.16How to use a DOI?
- auditor, audit quality, initial discount, enterprise value
- 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.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
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 - 2014 International Conference on Global Economy, Commerce and Service Science (GECSS-14) PB - Atlantis Press SN - 1951-6851 UR - https://doi.org/10.2991/gecss-14.2014.16 DO - https://doi.org/10.2991/gecss-14.2014.16 ID - Zhang2014/01 ER -