IDEAS home Printed from https://ideas.repec.org/a/eme/majpps/maj-05-2018-1883.html
   My bibliography  Save this article

Share price response to the SEC administrative proceedings against Chinese auditors

Author

Listed:
  • Guoping Liu
  • Jerry Sun

Abstract

Purpose - The purpose of this study is to examines whether clients’ share prices responded to three events, including the Securities and Exchange Commission (SEC) launch of administrative proceedings against five Chinese accounting firms on December 3, 2012, for their failure to hand over audit work papers due to conflict of jurisdiction; the issuance of SEC Administrative Law Judge Elliot’s ruling on January 22, 2014; and the settlement of the administrative proceedings on February 6, 2015. Design/methodology/approach - This study uses the Schipper and Thompson approach. Findings - It is found that share prices responded negatively around December 3, 2012, for USA-listed Chinese companies who were audited by Chinese auditors. Originality/value - This study provides evidence on how share prices reacted to SEC enforcement actions against an affair of non-audit failure.

Suggested Citation

  • Guoping Liu & Jerry Sun, 2019. "Share price response to the SEC administrative proceedings against Chinese auditors," Managerial Auditing Journal, Emerald Group Publishing Limited, vol. 34(9), pages 1131-1148, September.
    • Handle: RePEc:eme:majpps:maj-05-2018-1883
    DOI: 10.1108/MAJ-05-2018-1883
    as

    Download full text from publisher

    File URL: https://www.emerald.com/insight/content/doi/10.1108/MAJ-05-2018-1883/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://www.emerald.com/insight/content/doi/10.1108/MAJ-05-2018-1883/full/pdf?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1108/MAJ-05-2018-1883?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eme:majpps:maj-05-2018-1883. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Emerald Support (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.