Do investors value good audit quality when making debt and equity investment decisions?

Audit practitioners, including regulators, often highlight the importance of audit quality to help investors make more informed decisions. However, the number of academic studies that focus on capital market consequences of audit quality is limited. This seminar will focus on showing the connection between audit quality and practical investing consequences in terms of cost of equity, cost of debt, and equity market reactions to audit quality.

Professor Daniel Aobdia (Penn State University) will discuss this literature and share key findings from some of his recent studies, highlighting the practical importance of audit quality from a capital markets’ standpoint.

Breakfast is served at 7:30.

Register here.