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Analyst Concerns, Property Rights and Audit Opinion Buying

Lingjun Duan, Yanqing Lian, Xiangkun Yang


This paper selects the data of A-share listed companies in Shanghai and Shenzhen from 2016 to 2020 to empirically study the influence of analyst attention on corporate audit opinion purchasing behavior. It is found that analyst attention can effectively inhibit the motivation of enterprise management to purchase audit opinions. Further research shows that due to the different nature of property rights, enterprise management has different market sensitivity, which leads to the significant inhibitory effect of analyst attention on the purchase of audit opinions only in non-state-owned enterprises.


Analyst Attention; Purchase of Audit Opinion; Nature of Property Right

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DOI: http://dx.doi.org/10.18686/fm.v8i2.8542