非标准审计意见与市场反应  

Non-standard audit opinions and market reactions

作　　者：邹美凤 郭小菀 Mei feng Zou;Xiaowan Guo(Taiyuan University of Science and Technology,School of Economic and Management;Shanxi University,School of Economic and Management)

机构地区：[1]太原科技大学

出　　处：《中国商论》2020年第24期178-180,共3页China Journal of Commerce

基　　金：山西省软科学研究计划项目(2019041012-2);山西省哲学社会科学研究项目(2019B261);太原科技大学大学生创新创业训练计划项目(XJ2020115)资助。

摘　　要：新兴加转轨的背景下,我国资本市场调整结构处于快速调整期。非标准审计意见(以下简称非标意见)在资本市场上是否具有信息含量尚不明确。本文对非标意见带来的市场反应,如类型、年度、交易状态、首次与连续披露等状况下的不同进行了分析,研究发现市场反应在上市公司被出具非标意见之后会因上述因素产生一定的差异;我国市场存在消息泄露的现象;市场也存在一些投机行为,但较之前研究会有一定的好转。Under the background of emerging plus transition,China's capital market adjustment structure is in a period of rapid adjustment.It is not clear whether the non-standard audit opinion has information in the capital market.This paper analyzes the differences of market reactions brought by non-standard opinions,such as type,year,transaction status,first and continuous disclosure,etc.,and fi nds that market reactions will have certain differences due to the above factors after the non-standard opinions are issued by listed companies.There is news leakage in China's market;There has been some speculation in the market。

关 键 词：非标准审计意见 超额收益 信息有效 

分 类 号：F239[经济管理—会计学]