THE INTERDEPENDENCE BETWEEN THE TYPE OF AUDIT OPINION AND THE VARIATION OF THE STOCK PRICE
In a modern financial market, potential investors are constantly looking for high-yield and low-risk financial investments. Undoubtedly, the audit of financial statements is one of the processes that lead to minimizing the risk of financial loss, following a decision to invest in a particular compan...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Universitatea din Craiova
2022-04-01
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| Series: | Annals of the University of Craiova: Economic Sciences Series |
| Subjects: | |
| Online Access: | http://feaa.ucv.ro/annals/v1_2022/010.pdf |
| _version_ | 1811303596458770432 |
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| author | Bunget Ovidiu Constantin Lungu Cristian Olariu Andrei-Marius |
| author_facet | Bunget Ovidiu Constantin Lungu Cristian Olariu Andrei-Marius |
| author_sort | Bunget Ovidiu Constantin |
| collection | DOAJ |
| description | In a modern financial market, potential investors are constantly looking for high-yield and low-risk financial investments. Undoubtedly, the audit of financial statements is one of the processes that lead to minimizing the risk of financial loss, following a decision to invest in a particular company. It has already become normal for audit reports to include in addition to financial and non-financial information that could have an impact on the company's business in the future. The main objective of the study is to identify the impact of issuing audit reports on the value of shares of Romanian public companies. The paper evaluates the reaction of the Romanian stock market to the events of publishing audit reports that contain different types of audit opinions. The practical significance and relevance of the paper is due to the growing role of auditing on the financial market and the lack of such papers in the national literature. |
| first_indexed | 2024-04-13T07:51:29Z |
| format | Article |
| id | doaj.art-051375192995467caffa564558379afa |
| institution | Directory Open Access Journal |
| issn | 1223-365X 1843-3723 |
| language | English |
| last_indexed | 2024-04-13T07:51:29Z |
| publishDate | 2022-04-01 |
| publisher | Universitatea din Craiova |
| record_format | Article |
| series | Annals of the University of Craiova: Economic Sciences Series |
| spelling | doaj.art-051375192995467caffa564558379afa2022-12-22T02:55:31ZengUniversitatea din CraiovaAnnals of the University of Craiova: Economic Sciences Series1223-365X1843-37232022-04-011508997THE INTERDEPENDENCE BETWEEN THE TYPE OF AUDIT OPINION AND THE VARIATION OF THE STOCK PRICEBunget Ovidiu Constantin0Lungu Cristian1Olariu Andrei-Marius2West University , Faculty of Economics and Business Administration, Timișoara, Romania West University , Faculty of Economics and Business Administration, Timișoara, Romania West University , Faculty of Economics and Business Administration, Timișoara, Romania In a modern financial market, potential investors are constantly looking for high-yield and low-risk financial investments. Undoubtedly, the audit of financial statements is one of the processes that lead to minimizing the risk of financial loss, following a decision to invest in a particular company. It has already become normal for audit reports to include in addition to financial and non-financial information that could have an impact on the company's business in the future. The main objective of the study is to identify the impact of issuing audit reports on the value of shares of Romanian public companies. The paper evaluates the reaction of the Romanian stock market to the events of publishing audit reports that contain different types of audit opinions. The practical significance and relevance of the paper is due to the growing role of auditing on the financial market and the lack of such papers in the national literature.http://feaa.ucv.ro/annals/v1_2022/010.pdffinancial auditstock marketaudit opinioninvestorsrisk management |
| spellingShingle | Bunget Ovidiu Constantin Lungu Cristian Olariu Andrei-Marius THE INTERDEPENDENCE BETWEEN THE TYPE OF AUDIT OPINION AND THE VARIATION OF THE STOCK PRICE Annals of the University of Craiova: Economic Sciences Series financial audit stock market audit opinion investors risk management |
| title | THE INTERDEPENDENCE BETWEEN THE TYPE OF AUDIT OPINION AND THE VARIATION OF THE STOCK PRICE |
| title_full | THE INTERDEPENDENCE BETWEEN THE TYPE OF AUDIT OPINION AND THE VARIATION OF THE STOCK PRICE |
| title_fullStr | THE INTERDEPENDENCE BETWEEN THE TYPE OF AUDIT OPINION AND THE VARIATION OF THE STOCK PRICE |
| title_full_unstemmed | THE INTERDEPENDENCE BETWEEN THE TYPE OF AUDIT OPINION AND THE VARIATION OF THE STOCK PRICE |
| title_short | THE INTERDEPENDENCE BETWEEN THE TYPE OF AUDIT OPINION AND THE VARIATION OF THE STOCK PRICE |
| title_sort | interdependence between the type of audit opinion and the variation of the stock price |
| topic | financial audit stock market audit opinion investors risk management |
| url | http://feaa.ucv.ro/annals/v1_2022/010.pdf |
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