Proceedings of the 2014 International Conference on Global Economy, Commerce and Service Science

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

Authors
Cunyan Zhang, Haiping Lv, Yahui Tian, Cairong Wang
Corresponding Author
Cunyan Zhang
Available Online January 2014.
DOI
https://doi.org/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.
Open Access
This is an open access article distributed under the CC BY-NC license.

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Proceedings
2014 International Conference on Global Economy, Commerce and Service Science (GECSS-14)
Part of series
Advances in Intelligent Systems Research
Publication Date
January 2014
ISBN
978-90-78677-96-3
ISSN
1951-6851
DOI
https://doi.org/10.2991/gecss-14.2014.16How to use a DOI?
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  -