Types of audit opinions and financial performance indicators in an emerging market: Turkey

Nur İrem Nuhoğlu and Deniz Parlak

Iktisat Isletme ve Finans, 2008, vol. 23, issue 270, 90-110

Abstract: This paper empirically investigates the impact of financial performance on independent audit opinions. Most prior studies provide a contradictory relationship between financial strength and the type of audit opinion. Several studies have explored the correlation with empirical evidence. Stronger financial performance is expected to generate better audit opinions. However, some prior research has concluded that the bankrupted companies had received an unqualified audit opinion in the preceding year of their bankruptcy. Thus, there is a conflicting opinion on whether audit opinions are not significantly related to financial performance. The purpose of this paper is to develop an empirical model that links the financial structure of the sample companies, as measured by financial performance indicators to the types of independent audit opinions.

Keywords: Financial performance; independent audit opinions; financial structure; financial ratios. (search for similar items in EconPapers)
JEL-codes: M42 (search for similar items in EconPapers)
Date: 2008
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:iif:iifjrn:v:23:y:2008:i:270:p:90-110

Ordering information: This journal article can be ordered from
http://www.iif.com.t ... ew/iif.2008.270.6829

Access Statistics for this article

Iktisat Isletme ve Finans is currently edited by Ali Bilge

More articles in Iktisat Isletme ve Finans from Bilgesel Yayincilik
Bibliographic data for series maintained by Ali Bilge ().