Hamidreza Habibi; Ehsan Shamsi
Volume 2, Issue 3 , March 2015, , Pages 200-209
Abstract
The main purpose of this research is studying the effect of change in auditor’s opinion on timely disclosure of financial information. The statistical population of the current research is all firms listed in Tehran Stock Exchange during 2010 to 2012. The sample size is 101 firms after screening. ...
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The main purpose of this research is studying the effect of change in auditor’s opinion on timely disclosure of financial information. The statistical population of the current research is all firms listed in Tehran Stock Exchange during 2010 to 2012. The sample size is 101 firms after screening. Findings, using multiple regressions, show that change in auditor’s opinion contributes to firms’ increased timely disclosure of financial information.
Inès Belgacem; Abdelwahed Omri
Volume 1, Issue 5 , December 2014, , Pages 353-370
Abstract
The present research examines empirically whether domestic investors in the Tunisia Stock Market (BVMT) perceive voluntary disclosure to be value-relevant. The study is motivated by the market-based value-relevance literature in the U.S. and by the developments of accounting and stock markets in Tunisia. ...
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The present research examines empirically whether domestic investors in the Tunisia Stock Market (BVMT) perceive voluntary disclosure to be value-relevant. The study is motivated by the market-based value-relevance literature in the U.S. and by the developments of accounting and stock markets in Tunisia. This research, explores through an investigation by questionnaire external auditors’ perception of the value relevance of voluntary information in the annual reports, it also uses panel data analysis to examine the association between voluntary disclosure and firm value. The Results reveal that external auditors discern that the politics of voluntary disclosure in the annual reports is minimalist. Results show, also, the interest that carries these auditors to nonfinancial and budgetary indicators and the utility of the annual report to the certification. After controlling profitability and size, regression results indicate a negative and insignificant relationship between voluntary disclosure and firm value. This lack of statistical significance supports the idea that there is a complex interplay of different factors affecting this association. However, this paper has contributes to that investigation in the context of emerging capital market in the North African Region.