Organization capital and modified audit opinion

IF 2.5 Q3 BUSINESS

Measuring Business Excellence Pub Date : 2024-05-10 DOI:10.1108/mbe-09-2023-0123

Gaetano Matonti, Giuseppe Iuliano, Orestes Vlismas

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引用次数: 0

Abstract

Purpose

This study aims to explore the effects of intellectual capital (IC) on the occurrence of a modified audit opinion decision. The authors expect that high IC intensive firms are positively associated with the occurrence of a modified audit opinion since they are associated with an increased business risk and are more likely to exhibit issues concerning their financial health and stability.

Design/methodology/approach

Using a data sample of 423 listed firms from Greece, Italy, Spain and Portugal over a 10-year period, the authors estimated a logistic regression model to examine the effects of IC on the probability that a modified audit opinion is issued. The authors used organizational capital as a measure of a firm’s intensity on IC.

Findings

Empirical findings indicate a significant and positive relationship between the IC and the likelihood of a firm receiving a modified audit opinion decision.

Originality/value

This study expands prior literature by exploring the predictive ability of IC on the likelihood of a firm receiving a modified audit opinion decision.

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组织资本和经修订的审计意见

目的本研究旨在探讨智力资本（IC）对做出修改审计意见决定的影响。作者预计，高智力资本密集型公司与出具非无保留审计意见呈正相关，因为这些公司的商业风险增加，更有可能出现有关其财务健康和稳定性的问题。设计/方法/途径作者利用希腊、意大利、西班牙和葡萄牙 423 家上市公司 10 年间的数据样本，估计了一个逻辑回归模型，以研究智力资本对出具非无保留审计意见概率的影响。作者使用组织资本作为衡量公司集成电路强度的指标。研究结果实证研究结果表明，集成电路与公司收到修改审计意见决定的可能性之间存在显著的正相关关系。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Measuring Business Excellence BUSINESS-

CiteScore

5.70

自引率

4.00%

发文量

期刊介绍： Measuring Business Excellence provides international insights into non-financial ways to measure and manage business performance improvements and company’s value creation dynamics. Measuring Business Excellence will enable you to apply best practice, implement innovative thinking and learn how to use different practices. Learn how to use innovative frameworks, approaches and practices for understanding, assessing and managing the strategic value drivers of business excellence. MBE publishes both rigorous academic research and insightful practical experiences about the development and adoption of assessment and management models, tools and approaches to support excellence and value creation of 21st century organizations both private and public.