Audit timeliness and market capitalization: Evidence from an emerging market

Gligorić, Maja; Mizdraković, Vule; Mitrašinović, Ivana; Bošković-Marković, Valentina

doi:10.5937/industrija47-24095

Cited by 4 publications

(2 citation statements)

References 32 publications

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“…While authors agree that the change has negative impact of leverage and current ratio, there is no agreement on whether change has positive, negative, or has no effect on market capitalization of companies (Gligoric et al, 2019). In that sense, Chung (2022) asserts that the implementation of IFRS 16 has a detrimental effect on financial health metrics.…”

Section: Literature Reviewmentioning

confidence: 99%

Balancing hospitality and reporting: analyzing the impact of ifrs 16 in the hotel industry

Kljajić,

Mizdraković,

Mizdraković

et al. 2023

Proceedings of the 10th International Scientific Conference - FINIZ 2023

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The International Accounting Standards Board unveiled IFRS 16 -Leases in January 2016, replacing IAS 17 -Leases for reporting periods commencing on or after 1 st January 2019. The updated regulations introduce dissimilar accounting models for lessees and lessors. Although the significance of distinguishing between finance leases and operating leases has diminished for lessees, it still holds relevance for lessors. The influence of IFRS 16 on a company is contingent on the quantity of existing operating lease agreements and differs across various industries. The effect of the implementation of this standard in the hotel industry, as one of the industries with the highest amounts of leased assets, is the primary emphasis of this paper. Throughout the extensive literature review, the main challenges and consequences of this standard's implementation will be analyzed.

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Section: Literature Reviewmentioning

confidence: 99%

Balancing hospitality and reporting: analyzing the impact of ifrs 16 in the hotel industry

Kljajić,

Mizdraković,

Mizdraković

et al. 2023

Proceedings of the 10th International Scientific Conference - FINIZ 2023

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“…Didapatkan hasil dimana variabel profitabilitas (X2) secara parsial berpengaruh negatif terhadap variabel Audit Delay, sehingga H2 diterima. Hasil ini didukung oleh penelitian Abdillah et al (2019), Che-Ahmad & Abidin (2009), Lestari & Saitri (2017), Gligorić et al, (2019), dan Khoufi & Khoufi (2018). Perusahaan yang menghasilkan laba akan mempercepat waktu audit mereka untuk menyampaikan kabar baik kepada publik lebih cepat.…”

Section: Hasil Dan Pembahasanunclassified

Analisis Determinan Audit Delay Perusahaan Property dan Real Estate

Harianto¹,

Saputra²

2022

E-Jurnal Akuntansi

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One of the things that are mandatory for public companies is the obligation to report an annual audit report. The purpose of this study was to examine the effect of operating complexity, firm size, solvency, audit switching and profitability on Audit Delay. The companies studied came from the property and real estate sectors listed on the Indonesia Stock Exchange in 2018-2020 with a total sample of 52 companies. The analysis technique used is multiple linear regression. The results showed that firm size had no effect on Audit Delay, profitability had no effect on Audit Delay, solvency had no effect on Audit Delay, operating complexity had no effect on Audit Delay, audit switching had no effect on Audit Delay. Keywords: Company Size; Operational Complexity; Profitability; Audit Switching; Leverage; Audit Delay.

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The Effect of Quality and Timeliness of Limited Review Report on Perceived Interim Financial Reporting Quality during COVID-19 Pandemic Crisis: Evidence from Egypt

Badawy¹

2021

المجلة العلمیة للدراسات والبحوث المالیة والتجاریة

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In order for financial information to be used by investors to take informed decisions, it should be characterized by its relevance and faithful representation. In times of crisis, investors' demand and reliance on financial information will be higher in order to reduce the level of uncertainty and information asymmetry and increase their confidence in management's performance. The objective of this study is to investigate and analyze the impact of quality of limited review reports, measured by adding a key audit matters paragraph (KAM hereafter) related to COVID-19 pandemic to the limited review report and its timeliness, measured by the limited review report lag, on the perceived quality of interim financial reports issued at the end of the third quarter of 2020.Based on a sample of 95 firms listed on the Egyptian stock exchange (EGX hereafter), the researcher found that the timeliness of limited review reports is positively and significantly associated with the perceived quality of financial reporting from the investors' point of view. Investors appreciate and value the timeliness of financial reports and the limited review report during COVID-19 pandemic crisis time. Concerning the impact of the quality of limited review report, the researcher didn't find evidence regarding the informational value of KAM paragraph and its effect on the perceived quality of interim financial reports. This might be because adding KAM paragraph on COVID-19 pandemic is not firm specific and at the same time, not presenting additional information to investors other than that available in the interim financial reports.

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Audit timeliness and market capitalization: Evidence from an emerging market

Cited by 4 publications

References 32 publications

Balancing hospitality and reporting: analyzing the impact of ifrs 16 in the hotel industry

Balancing hospitality and reporting: analyzing the impact of ifrs 16 in the hotel industry

Analisis Determinan Audit Delay Perusahaan Property dan Real Estate

The Effect of Quality and Timeliness of Limited Review Report on Perceived Interim Financial Reporting Quality during COVID-19 Pandemic Crisis: Evidence from Egypt

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