CORPORATE GOVERNANCE AND AUDITOR OPINION: PORTUGUESE EVIDENCE (2008-2011)

Authors

  • Marília Medeiros Santos Instituto Superior de Contabilidade e Administração da Universidade de Aveiro
  • Helena Coelho Inácio Instituto Superior de Contabilidade e Administração da Universidade de Aveiro
  • Elisabete F. Simões Vieira Instituto Superior de Contabilidade e Administração da Universidade de Aveiro

DOI:

https://doi.org/10.4270/ruc.20153150-168

Keywords:

Audit, Agency Theory, Corporate Governance, Audit Opinion

Abstract

This paper analysed the effect of ownership structure in the audit opinions as well as the effect of some corporate governance characteristics in the audit opinions. To fulfil this objective we used a logistic regression, considering a sample of non-financial Portuguese listed companies on the Euronext Lisbon for the period between 2008 and 2011. Our results showed that the concentration of ownership, the independence of the board, the presence of an audit committee and the liquidity ratio influence positively the audit opinion, promoting more reliable financial information. In the Portuguese context, the results do not generate, overall, the effect documented by the theoretical frameworks of government of Anglo-Saxon societies. However, this study contributes to a better understanding and interest in this line of research, since this is a current topic, and an under-researched topic in Portugal.

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Author Biographies

Marília Medeiros Santos, Instituto Superior de Contabilidade e Administração da Universidade de Aveiro

Mestre em Contabilidade pelo ISCA-UA

Helena Coelho Inácio, Instituto Superior de Contabilidade e Administração da Universidade de Aveiro

Doutorada pela Universidade Autónoma de Madrid em Contabilidade e Organização de empresas com uma tese na área de auditoria;

Lecciona no Instituto Superior de Contabilidade e Administração da Universidade de Aveiro desde 1988 disciplinas na área de auditoria ao nível da licenciatura, mestrado e doutoramento.

Elisabete F. Simões Vieira, Instituto Superior de Contabilidade e Administração da Universidade de Aveiro

Doutorada pelo ISCTE em Finanças;

Lecciona no Instituto Superior de Contabilidade e Administração da Universidade de Aveiro desde 1990 disciplinas na área de gestão ao nível da licenciatura e mestrado.

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Published

2015-11-27

Issue

Vol. 11 No. 3 (2015)

Section

International Section

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