This paper investigates the effects of an auditor’s opinion in the share prices (share return) at the Mongolian Stock Exchange. The study used the 2012 and 2013 data from stock companies with unqualified auditor opinions. A.C. MacKinlay’s market...
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https://www.riss.kr/link?id=A104886222
BATTUYA Demberel (몽골 경상대학교) ; Munkhzaya Nemekhbaatar (National University of Mongolia)
2015
English
Audit report ; Information content ; Share price ; Share return ; 몽골증권거래소 ; 주식수익률 ; 기대수익률
KCI등재후보
학술저널
107-120(14쪽)
0
0
상세조회0
다운로드다국어 초록 (Multilingual Abstract)
This paper investigates the effects of an auditor’s opinion in the share prices (share return) at the Mongolian Stock Exchange. The study used the 2012 and 2013 data from stock companies with unqualified auditor opinions. A.C. MacKinlay’s market...
This paper investigates the effects of an auditor’s opinion in the share prices (share return) at the Mongolian Stock Exchange.
The study used the 2012 and 2013 data from stock companies with unqualified auditor opinions. A.C. MacKinlay’s market model (1997) applied the measurements of the effect of auditor’s opinion to the share returns. Changes in stock prices and stock returns were collected and analyzed from 10 workdays before and after the audit reports were announced. As the result of calculations and statistical analysis, the raised hypothesis was rejected. The paper concludes that no content from an audit report on stock market of Mongolia. The result proves that confidence in audits is weak for investors. The limitation of our sample is for only unqualified opinions because of insufficient data of other types of audit opinions.
참고문헌 (Reference)
1 "www.mse.mn"
2 "share return, share return formula"
3 "World Bank survey for Mongolia"
4 Hussainey Kh, "The impact of audit quality on earnings predictability" 24 (24): 340-351, 2009
5 Baskin, E. F., "The communicative effectiveness of consistency exceptions" 47 (47): 8-51, 1972
6 Battuya Demberel, "Stock Price Response to Dividend Announcements: Evidence from the Mongolian Stock Market" 한국회계정보학회 14 (14): 171-184, 2014
7 Martinz, M. C. P., "Reaction of Spanish capital market to qualified audit reports" 4 (4): 261-280, 2004
8 "Mongolian Stock Exchange website"
9 "Mongolian Daily Newspaper and Today newspaper"
10 MacKinlay, A. C., "Event studies in economics and finance" 35 : 13-39, 1997
1 "www.mse.mn"
2 "share return, share return formula"
3 "World Bank survey for Mongolia"
4 Hussainey Kh, "The impact of audit quality on earnings predictability" 24 (24): 340-351, 2009
5 Baskin, E. F., "The communicative effectiveness of consistency exceptions" 47 (47): 8-51, 1972
6 Battuya Demberel, "Stock Price Response to Dividend Announcements: Evidence from the Mongolian Stock Market" 한국회계정보학회 14 (14): 171-184, 2014
7 Martinz, M. C. P., "Reaction of Spanish capital market to qualified audit reports" 4 (4): 261-280, 2004
8 "Mongolian Stock Exchange website"
9 "Mongolian Daily Newspaper and Today newspaper"
10 MacKinlay, A. C., "Event studies in economics and finance" 35 : 13-39, 1997
Energy Consumption, Industrial Development and Environmental Pollution
기업의 경영환경과 기술경영역량이 기업성과에 미치는 영향
국제회계기준 도입 전후 추정액과 이익조정의 관련성 변화
학술지 이력
연월일 | 이력구분 | 이력상세 | 등재구분 |
---|---|---|---|
2026 | 평가예정 | 재인증평가 신청대상 (재인증) | |
2020-01-01 | 평가 | 등재학술지 유지 (재인증) | |
2017-01-01 | 평가 | 등재학술지 선정 (계속평가) | |
2015-01-01 | 평가 | 등재후보학술지 선정 (신규평가) |
학술지 인용정보
기준연도 | WOS-KCI 통합IF(2년) | KCIF(2년) | KCIF(3년) |
---|---|---|---|
2016 | 0 | 0 | 0 |
KCIF(4년) | KCIF(5년) | 중심성지수(3년) | 즉시성지수 |
0 | 0 | 0 | 0.1 |