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Shredded reputation: Contagious effect on Andersen's clients in Malaysia


Shafie, Rohami and Wan Ahmad, Wan Norhayati and Md. Idris, Kamil (2005) Shredded reputation: Contagious effect on Andersen's clients in Malaysia. In: 6th Asian Academy of Management Conference (AAMC) 2005, 09-11 December 2005, Casuarina Hotel, Ipoh, Perak. (Unpublished)

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Abstract

This study examines the examines of Andersen reputation on market prices based on the event of Andersen admission of shredding documents related to the Enron audit in United States.Specifically, in this paper,we extend to the other stock exchange out of United States, namely Bursa Malaysia.Is there any contagious impact on Andersen reputation to the Bursa Malaysia? Since the admission announcement shows the issue of independence as the main focus in the Andersen case, this study also document the impact of non-audit fees on market reaction surrounding the admission announcement date.Interestingly, the results prevails a contagious impact on Andersen's Malaysia office due to the shredded reputation in the United States. However, Andersen's Malaysia office only suffered a less severe decline compared to Andersen's United States and Houston office. In addition, there is no evidence that Andersen's Malaysia independence was questionable.

Item Type: Conference or Workshop Item (Paper)
Additional Information: Session IA Auditing Issues
Uncontrolled Keywords: Auditor Reputation,Auditor Independence, Market Prices
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: College of Business
Depositing User: Mr. Rohami Shafie
Date Deposited: 25 Aug 2014 07:58
Last Modified: 25 Aug 2014 07:58
URI: http://repo.uum.edu.my/id/eprint/11823

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