审计质量、公司业绩和风险:来自希腊的证据

IF 3.6 Q1 BUSINESS, FINANCE Review of Accounting and Finance Pub Date : 2023-08-14 DOI:10.1108/raf-02-2023-0038
Gerasimos G. Rompotis, D. Balios
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引用次数: 0

摘要

本文的目的是强调审计质量或其他变量是否对希腊公司的绩效有影响。本研究利用2018-2021年期间在希腊雅典交易所上市的75家公司的数据,考察了审计质量对公司绩效的影响。采用面板数据分析。自变量是审计质量、公司规模、年龄、杠杆率、流动性和效率比。采用了七种替代的业绩衡量标准,其中包括资产回报率和股本回报率。股票收益和风险也被使用。研究结果表明,财务绩效与审计质量之间存在正相关关系。股票收益和风险的情况正好相反。在其他解释变量上,年龄与财务绩效有明显的负相关。流动性和效率的情况正好相反。规模因素与财务业绩也有某种正相关,而杠杆率则相反。原创性/价值据作者所知,这是第一个用希腊的数据来检验审计质量和公司绩效之间关系的研究。
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Audit quality, firm performance and risk: evidence from Greece
Purpose The purpose of this paper is to accentuate whether audit quality or other variables matter for the performance of companies in Greece. Design/methodology/approach This study examines the effect of audit quality on firm performance using data of 75 companies listed in the Athens Exchange in Greece and covering the period 2018–2021. Panel data analysis is applied. The independent variables are audit quality, the size of firms, their age, leverage, liquidity and efficiency ratios. Seven alternative measures of performance are used, including, among others, return on assets and return on equity. Stock returns and risks are used too. Findings The results provide evidence of a positive relationship between financial performance and audit quality. The opposite is the case for stock returns and risk. On the other explanatory variables, age has a clearly negative relationship with financial performance. The opposite is the case for liquidity and efficiency. The size factor also has some sort of a positive correlation with financial performance, whereas the opposite correlation concerns the leverage ratio. Originality/value To the best of the authors’ knowledge, this is the first study to examine the relationship between audit quality and firm performance with data from Greece.
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来源期刊
CiteScore
4.30
自引率
0.00%
发文量
18
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