審計意見與股價報酬相關(guān)性研究——來自滬深股市的實證.pdf

1、首都經(jīng)濟貿(mào)易大學碩士學位論文審計意見與股價報酬相關(guān)性研究——來自滬深股市的實證姓名：姜永杰申請學位級別：碩士專業(yè)：會計學專業(yè)指導教師：楊慶英20030301AbstractGraduateSchoolofAccountingCapitalUniversityofEconomicsandBusinessTifle：Auditors’opinionsandstockreturns：evidencefromChinesestockmarker

2、Advisor：Professor：YangQingyingAuthor’SNalTle：JiangYongiieYeat“ofGraduation：2003PreviousresearchregardingwhethertheannouncementsofqualifiedauditopinionsimpactstockreturnsisinconclusiveWitheventstudymethodologythispaperexa

3、minestheeffectofqualifiedauditopinionsonstockreturnsinChinaTheeventdatesaredefinedasthedateswhenfinancialstatementsaredeclaredtothepublicTherearetotally221qualifiedauditopinionscollectedaSsamplesin2000and2001Tofurtherinv

4、estigatetherelationshipbetweentheannouncementsofanyspecifictypeofqualifiedauditopinionsandstockreturns，qualifiedauditopinionsareclassifiedinto5groupsnemajorfindingsare“1Nosignificantnegativestockreturnsareobservedattheev

5、entdateonanoverallbasis2Whenqualifiedauditopinionsaleclassifiedintovariousgroups，investorsshowdifferentresponsesassociatedwitllvariousgroupsofqualifiedauditopinionsWhenqualifiedaudRopinionsarespecifiedregardingnonconsist

6、entwithaccountingstandards，goingconcernlimitationinauditscope，andmultiplequalifiedauditopinionsnosignifieantnegativestockreturnsareobservedontheeventdateOntheotherhand，emphasesonothereventscausesignificantpositivereturns

7、ontheeventdate3Whentheobservedcompanyhasqualifiedauditopinionsatitsfirsttime，thestockretUlTISaresignificantlynegative4Whentheobservedcompanyhasqualifiedauditopinionsonacontinuousbasis，theimpactonstockreturnsiSinsignifica