首次持续经营不确定性审计意见信息含量研究

A Study of the Information Content of Going Concern Uncertainty Audit Reports in Chinese Listed Companies

市场对首次持续经营不确定性审计意见具有显著的负面反应,同时市场能区别对待注册会计师出具的不同类型的持续经营不确定性审计意见。在年度报告公布的较短时窗内市场对无法表示持续经营不确定性审计意见的市场负面反应显著高于对强调无保留持续经营不确定性审计意见和保留持续经营不确定性审计意见的负面反应。

The market reaction is significantly negative to the first going concern uncertainty report. The market also can distinguish different types of auditors＇ going concern uncertainty report. In the short time window that the annual report released, the market negative reaction to disclaimer going concern uncertainty opinion is significantly higher than to unqualified going concern uncertainty opinion with modified wording and qualified opinion.