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An analysis of quasi-qualification, modified auditor opinions and special treatment status on China’s Shenzhen market

Biomedical Sciences Research Institute Computer Science Research Institute Environmental Sciences Research Institute Nanotechnology & Advanced Materials Research Institute

Pei, Donglin, Hamill, Philip and Opong, Kwaku Kyekyeku (2010) An analysis of quasi-qualification, modified auditor opinions and special treatment status on China’s Shenzhen market. Applied Economics Letters, 17 (13). pp. 1265-1271. [Journal article]

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DOI: 10.1080/00036840902881827

Abstract

The development of accounting, auditing and capital markets in China were an integral omponent of China’s economic reforms; auditing was regarded as being critically important to achieving the desired policy objective of delivering a market economy (Yang and Yang, 1998). This article examines the quasi-qualification hypothesis and tests whether investors valued the introduction of Special Treatment (ST) status for firms in 1998. Our empirical analysis fails to find significant support for the quasi-qualification hypothesis. In contrast, it appears that the issuance of ST status was valued by investors; the issuance of ST status led investors to discriminate between firms.

Item Type:Journal article
Faculties and Schools:Ulster Business School
Ulster Business School > Department of Business and Enterprise
Research Institutes and Groups:Business and Management Research Institute
ID Code:15962
Deposited By:Professor Philip Hamill
Deposited On:21 Oct 2010 11:56
Last Modified:04 Oct 2012 16:21

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