The impact of audit opinion on cost of debt: Evidence from Vietnam

We consider whether the category of audit opinion an enterprise receives is pertained to the cost of debt of Vietnam corporations and how does it impact them. Proceeding from the data collected from 80 listed companies in the Vietnam stock exchange in the period of 2007 - 2017, we used a quantitativ...

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Autores principales:	Nguyen Vinh Khuong, Nguyen Thi Lan Huong, Vy Bao Chau, Nguyen Ton Huong Mai, Nguyen Le Cam Thi, Cu Tong Hoai Linh
Formato:	article
Lenguaje:	EN
Publicado:	HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE 2021
Materias:	audit opinion cost of debt listed company vietnam Economic theory. Demography HB1-3840
Acceso en línea:	https://doaj.org/article/6dbb390d7c0c4287944260132631d0ce
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spelling	oai:doaj.org-article:6dbb390d7c0c4287944260132631d0ce2021-11-15T08:41:03ZThe impact of audit opinion on cost of debt: Evidence from Vietnam2734-93142734-958610.46223/HCMCOUJS.econ.en.11.1.1067.2021https://doaj.org/article/6dbb390d7c0c4287944260132631d0ce2021-02-01T00:00:00Zhttps://journalofscience.ou.edu.vn/index.php/econ-en/article/view/1067https://doaj.org/toc/2734-9314https://doaj.org/toc/2734-9586We consider whether the category of audit opinion an enterprise receives is pertained to the cost of debt of Vietnam corporations and how does it impact them. Proceeding from the data collected from 80 listed companies in the Vietnam stock exchange in the period of 2007 - 2017, we used a quantitative method to demonstrate the negative impact of modified audit opinion on the cost of debt. When companies receive a modified opinion, they have to pay higher interest rates and have a shorter maturity. From the results, this paper suggests some implications for the financial statement disclosure of listed firms and regulators in order to contribute to the transparency of the financial reports.Nguyen Vinh KhuongNguyen Thi Lan HuongVy Bao ChauNguyen Ton Huong MaiNguyen Le Cam ThiCu Tong Hoai LinhHO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCEarticleaudit opinioncost of debtlisted companyvietnamEconomic theory. DemographyHB1-3840ENHo Chi Minh City Open University Journal of Science - Economics and Business Administration, Vol 11, Iss 1, Pp 83-93 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	audit opinion cost of debt listed company vietnam Economic theory. Demography HB1-3840
spellingShingle	audit opinion cost of debt listed company vietnam Economic theory. Demography HB1-3840 Nguyen Vinh Khuong Nguyen Thi Lan Huong Vy Bao Chau Nguyen Ton Huong Mai Nguyen Le Cam Thi Cu Tong Hoai Linh The impact of audit opinion on cost of debt: Evidence from Vietnam
description	We consider whether the category of audit opinion an enterprise receives is pertained to the cost of debt of Vietnam corporations and how does it impact them. Proceeding from the data collected from 80 listed companies in the Vietnam stock exchange in the period of 2007 - 2017, we used a quantitative method to demonstrate the negative impact of modified audit opinion on the cost of debt. When companies receive a modified opinion, they have to pay higher interest rates and have a shorter maturity. From the results, this paper suggests some implications for the financial statement disclosure of listed firms and regulators in order to contribute to the transparency of the financial reports.
format	article
author	Nguyen Vinh Khuong Nguyen Thi Lan Huong Vy Bao Chau Nguyen Ton Huong Mai Nguyen Le Cam Thi Cu Tong Hoai Linh
author_facet	Nguyen Vinh Khuong Nguyen Thi Lan Huong Vy Bao Chau Nguyen Ton Huong Mai Nguyen Le Cam Thi Cu Tong Hoai Linh
author_sort	Nguyen Vinh Khuong
title	The impact of audit opinion on cost of debt: Evidence from Vietnam
title_short	The impact of audit opinion on cost of debt: Evidence from Vietnam
title_full	The impact of audit opinion on cost of debt: Evidence from Vietnam
title_fullStr	The impact of audit opinion on cost of debt: Evidence from Vietnam
title_full_unstemmed	The impact of audit opinion on cost of debt: Evidence from Vietnam
title_sort	impact of audit opinion on cost of debt: evidence from vietnam
publisher	HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE
publishDate	2021
url	https://doaj.org/article/6dbb390d7c0c4287944260132631d0ce
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The impact of audit opinion on cost of debt: Evidence from Vietnam

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