AN INVESTIGATION OF THE EFFECT OF QUALIFIED AUDIT OPINIONS ON THE TRADING VOLUME AND BID‐ASK SPREAD OF OVER‐THE‐COUNTER FIRMS

This paper investigates the information content of qualified audit opinions. The announcement of a qualified audit opinion is expected to cause investors' beliefs about the firm to converge. This increase in consensus would be evidenced by an unexpected decrease in trading volume surrounding th...

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Veröffentlicht in:	Review of financial economics 1993-10, Vol.3 (1), p.41-50
Hauptverfasser:	Ameen, Elsie C., Guffey, Daryl M.
Format:	Artikel
Sprache:	eng
Schlagworte:	Audits Corporation reports Disclosure (Securities law) Economic impact Information dissemination Over the counter trading Over-the-counter markets Public opinion Securities markets Statistical analysis Stock prices Studies
Online-Zugang:	Volltext
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