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Information Risk and Debtholders’ Mispricing by Considering Audit Quality

Author

김선화, 정용기

Journal Title

Asia-Pacific Journal of Financial Studies

Publication Year

2020

Topics

#Audit

Summary

This study examines how audit quality perceptions impact debt mispricing in the presence of earnings management. The Big Four auditors and auditor tenure are used as proxies for audit quality, and the study finds that debt mispricing is accentuated by considering these factors. This effect is more pronounced for firms that have issued only private debt.

Journal Influence

[Asia-Pacific Journal of Financial Studies]