Auditor Exits and Firm Performance: Is There a Link?

Abstract

Employing firm-level data for 2011–2020, we explore the impact of auditor exit on firm performance. Using profitability and growth as outcome variables, the findings suggest that auditor exit leads to a dampening of profit, but growth prospects are not adversely affected. However, firms’ stock returns are adversely impacted over the immediate to medium term. This impact differs across ownership, especially when interactive effects are taken on board. Among the reasons, resignations and noncooperation by management are most detrimental to firm behavior. JEL Codes: G 32; M 42

Nanoparticle-Based Strategies for Managing Biofilm Infections in Wounds: A Comprehensive Review

“…Particularly in the United States, chronic wounds impact 6.5 million patients annually. , The antibiofilm wound dressing market was valued at $729.7 million in 2022. Based on current trends, the global advanced wound care market is projected to reach $2.3 billion by 2033 . Biofilms are found in chronic wounds, with prevalence rates ranging from 20% to 100% .…”