International E-publication: Publish Projects, Dissertation, Theses, Books, Souvenir, Conference Proceeding with ISBN.  International E-Bulletin: Information/News regarding: Academics and Research

The Effect of Auditors Opinions on Shares Prices and Returns in Tehran Stock Exchange

    , ,

Author Affiliations

  • 1Department of Accounting, Ilkhchi Branch, Islamic Azad University, Ilkhchi, IRAN
  • 2 Department of Accounting, Neyshabur Branch, Islamic Azad University, Neyshabur, IRAN

Res. J. Management Sci., Volume 1, Issue (1), Pages 23-27, August,6 (2012)

Abstract

The purpose of this study is investigate the effect of auditor's opinions on shares prices and returns in Tehran Stock Exchange. This study conducted about companies in Tehran Stock Exchange during the period 2002-2008.For to do the investigate opinion classified in two groups, and to be discussed two hypothesis. In this research two test named-Test and Man-Whiteny have been used. Present result of these research shows, in confidence interval 95% there is no significant relationship between auditor's opinion and share prices. Present result of these research shows, in confidence interval 95% there is no significant relationship between auditor's opinion and share returns. Generally the results of this study shows, the both of hypothesizes be rejected and there is no significant effect of the auditors opinion on share prices and returns in Tehran Stock Exchange. Originally, that is, no information content of the audit opinion in decision making.

References

  1. Thuneibat A., Khamees A. and Fayoumi A., the effect of qualified auditors' opinions on share prices:evidence from Jordan. Manag Audit J, 23, 84-101 (2008)
  2. Firth M., A note on the impact of audit report qualifications on lending and credit decisions, J Bank Finan, 4, 257-267 (1980)
  3. Guillamon G., The usefulness of the audit report in investment and financing decisions, Manag Audit J, 6/7,549-559 (2003)
  4. Khatami M., the effect of audit qualifications on stock prices and analyzing financial statements audited annually by the Stock Exchange, Ph.D. thesis, Islamic Azad University, Science and Research Branch, Tehran (2000)
  5. Mohammadi P., Commenting on the impact of the audit reports of accepted companies on stock returns in the stock market, M.Sc. Thesis, Islamic Azad University, Science and Research Branch, Tehran (2000)
  6. Shah Husseini B., Audit reports on the decisions of creditors, M.Sc. Thesis, Islamic Azad University, Tehran central branch, Tehran (2001)
  7. HasasYegaheh Y., Information content fraction reserves referred to in the audit report, Account Audit,42, 84 (2005)
  8. Momeni M., Statistics and its Applications in Management, Volume 1, Book Editor of the Universities, Samt publication, Tehran (2005)
  9. Momeni M., Statistics and its Applications in Management, Volume 2, Book Editor of the Universities, Samt publication, Tehran (2005)
  10. Khaki G., The research approach to thesis writing, Baztaab Publication, Tehran (2007)