Audit Quality and Capital Market Consequences with Daniel Aobdia

The third episode of Numbers Talk is with Professor Daniel Aobdia at Penn State University, and his research on audit quality in relation to capital market consequences. The conversation examines whether investors value good audit quality when making debt and equity investment decisions. While regulators and practitioners often emphasize the importance of audit quality for informed decision-making, academic studies on its capital market consequences remain limited.Drawing on recent research, the discussion highlights the links between audit quality and broader market outcomes, including cost of equity, cost of debt, and equity market reactions.–––The Accounting and Financial Management Center of Excellence (ACE) in the Department of Accounting at the Stockholm School of Economics also hosts Breakfast Seminars and, annually, the ACE CFO Forum.The ACE Breakfast Seminar is an event based on a research topic or concrete study led by one or more researchers from the Department of Accounting aimed at addressing current discipline developments and challenges through a moderated, interactive discussion with an audience from ACE partners, industry leaders and students.The Department of Accounting annually hosts the ACE CFO Forum, a conference for finance and accounting professionals. Presentations are given by researchers and practitioners (senior business controllers or CFOs) on a current topic of relevance to practitioners and academics.More information can be found here:https://www.hhs.se/en/research/departments/da/