INVESTOR RESPONSE TO THE READABILITY OF AUDIT REPORTS AND TYPES OF AUDITOR OPINIONS ON THE STOCK EXCHANGE
DOI:
https://doi.org/10.61141/pabean.v8i1.822Keywords:
Market Reaction, Auditor Opinion, Audit TimelinessAbstract
This study aims to examine the effect of audit report timeliness and auditor opinion on stock market reactions in real estate and property companies listed on the Indonesia Stock Exchange during the 2022–2024 period. A quantitative approach was employed using multiple linear regression analysis and an event study method. The sample consisted of 39 companies selected through purposive sampling, and the data were analyzed using classical assumption tests, t-tests, F-tests, and the coefficient of determination (R²). The results indicate that neither audit report timeliness nor auditor opinion has a significant effect on stock market reactions, both partially and simultaneously, as evidenced by significance values greater than 0.05. The R² value of 11.9% suggests that the independent variables explain only a small portion of the variation in stock market reactions, while the remainder is influenced by other factors. These findings suggest that investors in this sector tend to be less responsive to audit-related information, highlighting the need for companies to consider other relevant factors in shaping market perception.References
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