Equity Overvaluation and Going-Concern Opinions
碩士 === 國立臺北大學 === 會計學系 === 99 === The purpose of this study is to examine the influence of equity overvalution on the probability of issuing going-concern opinions. In recent years, there are many accounting fraud cases emerged while most of these cases are accompany with equity overvaluation. I foc...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2011
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| Online Access: | http://ndltd.ncl.edu.tw/handle/11591640143726814922 |
| Summary: | 碩士 === 國立臺北大學 === 會計學系 === 99 === The purpose of this study is to examine the influence of equity overvalution on the probability of issuing going-concern opinions. In recent years, there are many accounting fraud cases emerged while most of these cases are accompany with equity overvaluation. I focus on financially distressed companies and first-time going-concern receivers. Research samples are collected from Taiwanese public trading firms over the period 1998 to 2009.
To examine the hypothesis, Probit regression analyses were used in this study. I find that there is a positive correlation between equity overvaluation and the probability of receiving a going-concern opinion. However, I did not find any evidence that the associations between equity overvaluation and the probability of issuing going-concern opinions next period. To summarize, research findings do not support my conjecture.
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