The influence of auditor’s opinion and auditor’s reputation on the cost of debtevidence from private Spanish firms

  1. Manuel Cano-Rodríguez 1
  2. Santiago Sánchez-Alegría 2
  3. Pablo Arenas-Torres 1
  1. 1 Universidad de Jaén. Departamento de Economía Financiera y Contabilidad
  2. 2 Universidad Pública de Navarra. Departamento de Gestión de Empresas
Revista:
Revista española de financiación y contabilidad

ISSN: 0210-2412

Año de publicación: 2016

Volumen: 45

Número: 1

Páginas: 32-62

Tipo: Artículo

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Otras publicaciones en: Revista española de financiación y contabilidad

Resumen

En este trabajo analizamos la relevancia de la reputación del auditor y de la opinión expresada en el informe de auditoría para los acreedores de las empresas en un entorno de baja demanda de calidad de auditoría. Los resultados obtenidos a partir de una muestra de empresas no cotizadas españolas indican que los clientes de las grandes auditoras soportan un menor coste de deuda, demostrando que la reputación del auditor es relevante para los acreedores de la empresa. Los resultados también muestran la relevancia del contenido del informe de auditoría, dado que las empresas con informe limpio pagan un menor coste de deuda, si bien nuestros resultados indican que esta influencia no depende del tipo de auditor, lo que sugiere que los clientes de las grandes auditoras consiguen beneficiarse de la reputación de éstas aun cuando reciben informes de auditoría con salvedades.

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