Voluntary disclosure of auditor information and stock price crash risk

Bin Wu, Yunjing Liu and Min Zhang

Finance Research Letters, 2025, vol. 81, issue C

Abstract: Using the unique data on auditor qualification certificate disclosure in China, this study investigates the association between the voluntary disclosure of individual auditor information and stock price crash risk. We find that voluntary disclosure of auditor qualification certificates is negatively associated with future stock price crash risk using a sample of 11,302 company-year observations from 2012 to 2018. The observed effects mainly exist in companies with high analyst forecast divergence, low stock liquidity, or low institutional ownership. This study sheds light on the relationship between auditor information disclosure and stock price crash risk and extends the literature on voluntary disclosure.

Keywords: Auditor information; Auditor qualification certificate; Stock price crash risk; Voluntary disclosure (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:81:y:2025:i:c:s1544612325001667

DOI: 10.1016/j.frl.2025.106902

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