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Auditor Size and the Earnings Response Coefficient
SubjectTo Audit Opinion and the ReturnsEarnings Relation
2 other sections not shown
26 for p-value accounting earnings aggregate E/P aggregate earnings growth annual E/P annual earnings asset realization audit opinions audit qualifications Ave B8 average earnings response B8 and NB8 base period Big Eight auditor Big Eight clients clients is significantly coefficient of firm Compustat cross-sectional regression cumulative abnormal returns Difference in Means different from sero Durations of Qualification E/P and earnings E/P ranks earnings announcements earnings forecast errors earnings per share earnings response coefficient Eight and Non-Big Eight Client Groups entire sample equation firms audited firms receive future earnings growth future financing given portfolio's median hypothesis litigation Mann-Whitney Test matched pair Mean and median NB8 clients non-Big Eight auditors non-Big Eight clients p-value Portfolio 25 contains receiving clean opinions returns-earnings relation sample period significant Spearman rank correlation Standard deviation Statistics of Big stock price subgroups subject-to qualifications Subsequent periods Summary Statistics t-statistic tests Table total assets transitory earnings zero otherwise