haku: @indexterm NEW ISSUES / yhteensä: 80
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| Tekijä: | Beatty, R. P. |
| Otsikko: | Auditor reputation and the pricing of initial public offering. |
| Lehti: | Accounting Review
1989 : OCT, VOL. 64:4, p. 693-709 |
| Asiasana: | AUDITORS COMPANIES BY SIZE NEW ISSUES SHARE PRICES RATE OF RETURN |
| Kieli: | eng |
| Tiivistelmä: | The author studies the following hypothesis: There exists an inverse relation between the reputation of the auditor of an initial public offering and the initial return earned by an investor. Using two proxies for the auditor's reputation, the hypothesis is confirmed. Specifically, clients that hire more reputable CPA firms exhibit lower initial returns than other firms do. |
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