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The Impact of Audit Quality on the Pricing of Fair Value Estimates in the Banking Industry
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| 자료유형 | 학위논문 |
|---|---|
| 서명/저자사항 | The Impact of Audit Quality on the Pricing of Fair Value Estimates in the Banking Industry. |
| 개인저자 | Chen, Bingyi. |
| 단체저자명 | Boston University. Management QSB. |
| 발행사항 | [S.l.]: Boston University., 2016. |
| 발행사항 | Ann Arbor: ProQuest Dissertations & Theses, 2016. |
| 형태사항 | 76 p. |
| 기본자료 저록 | Dissertations Abstracts International 81-02A. Dissertation Abstract International |
| ISBN | 9781085740470 |
| 학위논문주기 | Thesis (Ph.D.)--Boston University, 2016. |
| 일반주기 |
Source: Dissertations Abstracts International, Volume: 81-02, Section: A.
Advisor: Menon, Krishnagopal. |
| 이용제한사항 | This item must not be sold to any third party vendors.This item must not be added to any third party search indexes. |
| 요약 | In recent years, the Public Company Accounting Oversight Board's (PCAOB) inspections have frequently reported audit deficiencies related to fair value measurements. Motivated by PCAOB's concern, this paper examines investors' perceptions on audit quality of fair value measurements. Using a sample of U.S. public banks from 2008 through 2013, I document a significant positive (negative) association between stock prices (bid-ask spreads) and audit quality of fair value measurements. This finding indicates that audit quality adds incremental value to investors as it mitigates reliability concerns relating to fair value estimates. Furthermore, using the fair value hierarchy mandated by Statement of Financial Accounting Standards (FAS) 157, I find the audit quality effect is stronger for Level 3 fair value estimates |
| 일반주제명 | Accounting. |
| 언어 | 영어 |
| 바로가기 | 
: 이 자료의 원문은 한국교육학술정보원에서 제공합니다. |
