Scribd Logo
Unggah

Selamat datang di Scribd!

  • JSTOR - The Accounting Review, Vol. 71, No. 1 (Jan., 1996), Pp. 117-128

    Diunggah oleh

    Rere Sii Dudut
    25 tayangan4 halaman
    Going concern opinions may reduce the surprise associated with bankruptcy. This study investigates the association between going concern opinions and the Market's Reaction to bankruptcy filings. Firms receiving going concern opinions experience less negative excess returns in the period surrounding bankruptcy filings than those receiving unqualified opinions.

    Deskripsi Asli:

    Judul Asli

    JSTOR_ the Accounting Review, Vol. 71, No. 1 (Jan., 1996), Pp. 117-128

    Hak Cipta

    © Attribution Non-Commercial (BY-NC)

    Format Tersedia

    PDF, TXT atau baca online dari Scribd

    Apakah menurut Anda dokumen ini bermanfaat?

    Apakah konten ini tidak pantas?

    Laporkan Dokumen Ini
    Going concern opinions may reduce the surprise associated with bankruptcy. This study investigates the association between going concern opinions and the Market's Reaction to bankruptcy filings. Firms receiving going concern opinions experience less negative excess returns in the period surrounding bankruptcy filings than those receiving unqualified opinions.

    Hak Cipta:

    Attribution Non-Commercial (BY-NC)
    Unduh sebagai PDF, TXT atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    25 tayangan4 halaman

    JSTOR - The Accounting Review, Vol. 71, No. 1 (Jan., 1996), Pp. 117-128

    Diunggah oleh

    Rere Sii Dudut
    Going concern opinions may reduce the surprise associated with bankruptcy. This study investigates the association between going concern opinions and the Market's Reaction to bankruptcy filings. Firms receiving going concern opinions experience less negative excess returns in the period surrounding bankruptcy filings than those receiving unqualified opinions.

    Hak Cipta:

    Attribution Non-Commercial (BY-NC)
    Unduh sebagai PDF, TXT atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    dari 4

    JSTOR: The Accounting Review, Vol. 71, No. 1 (Jan., 1996), pp.

    117-128

    Page 1

    JSTOR
    Skip to Main Content JSTOR Home Search Browse MyJSTOR Get Access Click to Show/Hide Navigation Skip to Main Content

    Login Help Contact Us About

    You are not currently logged in through a participating institution or individual account. See access options for more information.

    Going Concern Opinions and the Market's Reaction to Bankruptcy Filings


    Kevin C. W. Chen and Bryan K. Church The Accounting Review Vol. 71, No. 1 (Jan., 1996), pp. 117-128 Published by: American Accounting Association Article Stable URL: http://www.jstor.org/stable/248358 10.2307/248358 Previous Item Next Item

    Rights and Permissions


    More Rights Options JSTOR Terms And Conditions
    This Issue Search

    The Accounting Review > Vol. 71, No. 1, Jan., 1996 > Going Concern Opinio...

    Preview or purchase options are not available


    More info

    http://www.jstor.org/discover/10.2307/248358?searchUrl=%2Faction%2FdoBasicSearch%3FQuery%3Dbankruptcy%2Bfailu...

    16/03/2013 23:23:46

    JSTOR: The Accounting Review, Vol. 71, No. 1 (Jan., 1996), pp. 117-128

    Page 2

    http://www.jstor.org/discover/10.2307/248358?searchUrl=%2Faction%2FdoBasicSearch%3FQuery%3Dbankruptcy%2Bfailu...

    16/03/2013 23:23:46

    JSTOR: The Accounting Review, Vol. 71, No. 1 (Jan., 1996), pp. 117-128

    Page 3

    Next PageNext Page End of preview. Back to top. The Accounting Review 1996 American Accounting Association Abstract: This study investigates the association between going concern opinions and the market's reaction to bankruptcy filings. The results of prior studies indicate that going concern opinions are useful in predicting bankruptcy and provide some explanatory power in predicting bankruptcy resolution. As such, going concern opinions may reduce the surprise associated with bankruptcy. Our results are consistent with this assertion. Firms receiving going concern opinions experience less negative excess returns in the period surrounding bankruptcy filings than those receiving unqualified opinions. These results hold after controlling for the probability of bankruptcy, the market's reaction to news announcements occurring

    http://www.jstor.org/discover/10.2307/248358?searchUrl=%2Faction%2FdoBasicSearch%3FQuery%3Dbankruptcy%2Bfailu...

    16/03/2013 23:23:46

    JSTOR: The Accounting Review, Vol. 71, No. 1 (Jan., 1996), pp. 117-128

    Page 4

    prior to bankruptcy, and changes in stock price prior to the issuance of the auditor's report. Overall, our results are consistent with going concern opinions having information value.

    Preview or purchase options are not available


    You may be able to access this item through one of the over 9,000 institutions that subscribe to JSTOR. Check the list of participating institutions to log in or find a participating library near you. JSTOR Home About Search Browse Terms and Conditions Privacy Policy Cookies Accessibility Help Contact us JSTOR is part of ITHAKA, a not-for-profit organization helping the academic community use digital technologies to preserve the scholarly record and to advance research and teaching in sustainable ways. 2000-2013 ITHAKA. All Rights Reserved. JSTOR, the JSTOR logo, and ITHAKA are registered trademarks of ITHAKA

    http://www.jstor.org/discover/10.2307/248358?searchUrl=%2Faction%2FdoBasicSearch%3FQuery%3Dbankruptcy%2Bfailu...

    16/03/2013 23:23:46

    Anda mungkin juga menyukai