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| Tekijä: | Willenborg, M. |
| Otsikko: | Empirical analysis of the economic demand for auditing in the initial public offerings market |
| Lehti: | Journal of Accounting Research
1999 : SPRING, VOL. 37:1, p. 225-238 |
| Asiasana: | ACCOUNTING RESEARCH AUDITING MARKETS |
| Kieli: | eng |
| Tiivistelmä: | This paper examines the demand for auditing in the initial public offerings (IPO) market where informational asymmetries abound. Because these asymmetries create a demand for information to help establish equity values and for market signaling to mitigate adverse selection, IPOs offer a natural setting for studying the importance of auditing. The author tests the demand for auditing arising from both informational signaling and insurance signaling. |
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