Regulations and audit opinions: Evidence from EU banking institutions

C. Gaganis, F. Pasiouras, C. Spathis

Research output: Contribution to journalArticlepeer-review

3 Citations (Scopus)

Abstract

In this study, we empirically investigate the relationship between financial and auditing requirements, capital requirements, official supervisory power, and the likelihood of receiving a qualified audit opinion. The sample consists of 71 qualified financial statements and 17,526 unqualified ones, from 3,642 banking institutions operating in 15 old and new EU countries over the period 1999-2006. The results indicate that financial and auditing requirements have a negative influence, while supervisory power has a positive impact, on the likelihood of qualified audit opinions. Concerning capital requirements, we find that only initial stringency has an impact on audit opinions.
Original languageEnglish
Pages (from-to)387-405
Number of pages19
JournalComputational Economics
Volume41
Issue number3
DOIs
Publication statusPublished - Mar 2013

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