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TRACKS: audit quality, earnings, and the Shanghai stock market reaction
journal contribution
posted on 2003-01-01, 00:00 authored by Ferdinand GulFerdinand Gul, S Y J Sun, J S L TsuiThis study examines whether audit quality in the Shanghai Stock Exchange affects the positive association between change in earnings per share and cumulative abnormal return (CAR). Regression results using 659 Shanghai listed company observations in 1996 and 1997 show that the positive market reaction to increase in earnings is stronger for firms audited by high quality auditors. A broad conclusion of the study is that audit quality is playing an important role in China and that investors in the Shanghai market diyerentiate between high quality versus low quality auditors
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Journal
Journal of accounting auditing and financeVolume
18Issue
3Pagination
411 - 427Publisher
SageLocation
London, Eng.Publisher DOI
ISSN
0148-558XLanguage
engPublication classification
C Journal article; C1.1 Refereed article in a scholarly journalCopyright notice
2003, SageUsage metrics
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