Investigating the nexus of bankruptcy risk and opinion shopping practices on the acceptance of going concern audit opinions with corporate governance mechanism as a moderator: empirical evidence from the ASEAN region

Boli, Hubertus Ade Resha Raditya (2023) Investigating the nexus of bankruptcy risk and opinion shopping practices on the acceptance of going concern audit opinions with corporate governance mechanism as a moderator: empirical evidence from the ASEAN region. Bachelor thesis, Universitas Pelita Harapan.

	Text (Title.pdf) Title.pdf.pdf Restricted to Registered users only Available under License Creative Commons Attribution Non-commercial Share Alike. Download (24kB)
	Text (Abstract.pdf) Abstract.pdf.pdf Restricted to Registered users only Available under License Creative Commons Attribution Non-commercial Share Alike. Download (185kB)
	Text (ToC.pdf) ToC.pdf.pdf Restricted to Registered users only Available under License Creative Commons Attribution Non-commercial Share Alike. Download (776kB)
	Text (Chapter1.pdf) Chapter1.pdf.pdf Restricted to Registered users only Available under License Creative Commons Attribution Non-commercial Share Alike. Download (1MB)
	Text (Chapter2.pdf) Chapter2.pdf.pdf Restricted to Registered users only Available under License Creative Commons Attribution Non-commercial Share Alike. Download (2MB)
	Text (Chapter3.pdf) Chapter3.pdf.pdf Restricted to Registered users only Available under License Creative Commons Attribution Non-commercial Share Alike. Download (1MB)
	Text (Chapter4.pdf) Chapter4.pdf.pdf Restricted to Registered users only Available under License Creative Commons Attribution Non-commercial Share Alike. Download (2MB)
	Text (Chapter5.pdf) Chapter5.pdf.pdf Restricted to Registered users only Available under License Creative Commons Attribution Non-commercial Share Alike. Download (815kB)
	Text (Bibliography) Bibliography.pdf Restricted to Registered users only Available under License Creative Commons Attribution Non-commercial Share Alike. Download (981kB)
	Text (Appendices) Appendices.pdf Restricted to Repository staff only Available under License Creative Commons Attribution Non-commercial Share Alike. Download (3MB)

Abstract

This research investigates the impact of bankruptcy risk and opinion shopping practices on issuing going concern audit opinions. Additionally, it delves into the role of corporate governance mechanism in moderating the associations between bankruptcy risk, opinion shopping practices, and the issuance of going concern audit opinions. This study employs logistic regression analysis to utilize observational data from a sample of 400 firm-years operating in the property, real estate, and building construction sectors across five ASEAN countries. The results of this study indicate that both bankruptcy risk and the practice of opinion shopping positively influence the likelihood of receiving going concern audit opinions. Furthermore, this research reveals that corporate governance mechanism plays a mitigating role in the connection between opinion shopping practices and issuing going concern audit opinions. However, it is worth noting that corporate governance mechanism does not moderate the relationship between bankruptcy risk and the likelihood of receiving going concern audit opinions. Valuable to investors, auditors, and regulators, it deepens the understanding of factors influencing going concern audit opinions and contributes to refining oversight processes. Additionally, this research opens avenues for further exploration of the complex interplay between financial risks, management practices, corporate governance, and audit outcomes. / Penelitian ini bertujuan untuk menguji pengaruh risiko kebangkrutan dan praktik opinion shopping terhadap penerbitan opini audit going concern. Selain itu, penelitian ini juga menelusuri peran mekanisme tata kelola perusahaan dalam memoderasi hubungan antara risiko kebangkrutan, praktik opinion shopping, dan penerbitan opini audit going concern. Studi ini menggunakan analisis regresi logistik dengan menggunakan data observasi sebanyak 400 sampel dari perusahaan yang beroperasi di sektor properti, real estat, dan konstruksi bangunan di lima negara ASEAN. Hasil penelitian ini menunjukkan bahwa baik risiko kebangkrutan maupun praktik opinion shopping secara positif memengaruhi kemungkinan penerimaan opini audit going concern. Selain itu, penelitian ini mengungkapkan bahwa mekanisme tata kelola perusahaan memainkan peran moderasi dalam hubungan antara praktik opinion shopping dan penerbitan opini audit going concern. Namun demikian, mekanisme tata kelola perusahaan tidak memoderasi hubungan antara risiko kebangkrutan dan penerimaan opini audit going concern. Hasil studi ini memberikan implikasi kepada para pemangku kepentingan seperti investor, auditor, dan regulator dalam pengambilan keputusan. Selain itu, penelitian ini membuka peluang untuk lebih jauh mengeksplorasi hubungan antara risiko keuangan, praktik manajemen, tata kelola perusahaan, dan hasil audit.

Actions (login required)

View Item