The effect of qualified auditors' opinions on share prices: evidence from Jordan

Ali A. Al‐Thuneibat, Basheer Ahmad Khamees and Nedal A. Al‐Fayoumi

Managerial Auditing Journal, 2008, vol. 23, issue 1, 84-101

Abstract: Purpose - This study aims at investigating the effect of the qualified audit reports on shares prices and returns in Jordan. Design/methodology/approach - A market‐based study conducted on the qualified audit reports of the shareholding companies in Jordan during the period 2000‐2005. Findings - The conclusions of the study showed that there is no clear or significant effect of a qualified audit opinion on share prices and returns. Practical implications - Based on the conclusions of the study, the researchers recommend there is a need for further educating users of the role of the audit report and the need for extending this study to investigate the effect of the qualified audit reports on share prices and returns during other periods and using different test periods other than the announcement date. Originality/value - This study is original because it provides us with new evidence about the effect of qualified audit reports on shares prices and returns in a developing country.

Keywords: Auditing; Audit reports; Share prices; Jordan (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:eme:majpps:02686900810838182

DOI: 10.1108/02686900810838182

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