Date of Publication

7-4-2022

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Accountancy

Subject Categories

Accounting

College

Ramon V. Del Rosario College of Business

Department/Unit

Accountancy

Thesis Advisor

Cynthia P. Cudia

Defense Panel Chair

Cynthia P. Cudia

Defense Panel Member

Arnel Onesimo O. Uy
Joy S. Rabo

Abstract/Summary

As the number of investors and traders engaging in stock market activities in the Philippine Stock Market increase due to the ease and accessibility that online trading platforms have provided, establishing which financial or nonfinancial information that can be useful in making investment decisions has become necessary. As such, the study aims to determine the impact that the disclosure of key audit matters and the firm performance of companies have on investor reaction. Financial statements and audit reports of the companies listed in the Philippine Stock Exchange Index during the years 2016 to 2019 were used in the gathering of data to be used in the study. The gathered data were then statistically analyzed using descriptive statistics, panel data regression, and classic assumption tests. Results revealed that both Key Audit Matters and Firm Performance, as measured by Financial Ratios, did not significantly impact investor reaction. This can be attributed to the behavior of investors towards internal and external factors influencing the market, thus making stock prices more dynamic.

Keywords: Key Audit Matters, Firm Performance, Financial Ratios, Investor Reaction, Cumulative Abnormal Return

Abstract Format

html

Language

English

Format

Electronic

Keywords

Stocks—Philippines—Rate of return; Stock price indexes—Philippines; Audited financial statements—Philippines

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Embargo Period

7-5-2022

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