The effect of audit quality on analyst following
Analysts’ behavior is important, because they play a significant role in the capital market. Prior studies already show the effects of firm characteristics on analysts’ behavior, however, there was a lack of research analyzing the effects of audits on financial analysts’ behavior. Therefore, I exami...
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Taylor & Francis Group
2020
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oai:doaj.org-article:c7363a0f1a8b4b31bc13635f035ae0372021-12-02T14:41:54ZThe effect of audit quality on analyst following2331-197510.1080/23311975.2020.1798068https://doaj.org/article/c7363a0f1a8b4b31bc13635f035ae0372020-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2020.1798068https://doaj.org/toc/2331-1975Analysts’ behavior is important, because they play a significant role in the capital market. Prior studies already show the effects of firm characteristics on analysts’ behavior, however, there was a lack of research analyzing the effects of audits on financial analysts’ behavior. Therefore, I examine the effect of audit quality on analyst following that is one of the most popular analysts’ behaviors. Higher quality audit makes the users of the financial reports more reliable, thus, this reliability makes analysts easier and more accurate to forecast earnings of that firm, then analysts are more likely to follow this firm. Using two different audit quality measures, results indicate that firms receiving high-quality audit services have more analyst following than others. These results show that audit quality is also one of the determinants of analyst following behavior.Kyunbeom JeongTaylor & Francis Grouparticleaudit qualityanalyst followingindustry specialist auditorsBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 7, Iss 1 (2020) |
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audit quality analyst following industry specialist auditors Business HF5001-6182 Management. Industrial management HD28-70 |
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audit quality analyst following industry specialist auditors Business HF5001-6182 Management. Industrial management HD28-70 Kyunbeom Jeong The effect of audit quality on analyst following |
| description |
Analysts’ behavior is important, because they play a significant role in the capital market. Prior studies already show the effects of firm characteristics on analysts’ behavior, however, there was a lack of research analyzing the effects of audits on financial analysts’ behavior. Therefore, I examine the effect of audit quality on analyst following that is one of the most popular analysts’ behaviors. Higher quality audit makes the users of the financial reports more reliable, thus, this reliability makes analysts easier and more accurate to forecast earnings of that firm, then analysts are more likely to follow this firm. Using two different audit quality measures, results indicate that firms receiving high-quality audit services have more analyst following than others. These results show that audit quality is also one of the determinants of analyst following behavior. |
| format |
article |
| author |
Kyunbeom Jeong |
| author_facet |
Kyunbeom Jeong |
| author_sort |
Kyunbeom Jeong |
| title |
The effect of audit quality on analyst following |
| title_short |
The effect of audit quality on analyst following |
| title_full |
The effect of audit quality on analyst following |
| title_fullStr |
The effect of audit quality on analyst following |
| title_full_unstemmed |
The effect of audit quality on analyst following |
| title_sort |
effect of audit quality on analyst following |
| publisher |
Taylor & Francis Group |
| publishDate |
2020 |
| url |
https://doaj.org/article/c7363a0f1a8b4b31bc13635f035ae037 |
| work_keys_str_mv |
AT kyunbeomjeong theeffectofauditqualityonanalystfollowing AT kyunbeomjeong effectofauditqualityonanalystfollowing |
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