Qualified Audit Opinion and Debt Maturity Structure

Subject Areas :

Nezam-Oddin Rahimian ¹ , Esmail Tavakolnia ² , Meisam Karamlou ³

1 - استادیار حسابداری دانشگاه آموزش عالی رجا قزوین
2 - کارشناس ارشد حسابرسی دانشگاه علامه طباطبایی
3 - کارشناس ارشد حسابرسی دانشگاه علامه طباطبایی

Received: 2015-05-07 Accepted : 2015-05-07 Published : 2014-02-20

Keywords: Qualified Audit Opinion(QAO), Debt Maturity Structure, Debt Contracting, Tehran Stock Exchange,

Abstract :

If a qualified audit opinion(QAO) leads lenders to suspect that the financial statement are less reliable predictors of future financial positions of the borrower, it is possible that lenders will reduce the size of the loan and shorten the maturity of the loan. The main purpose of this study is investigating the impact of qualified audit opinions on the debt maturity structure in the companies listed in the Tehran Stock Exchange. The sample of this study includes 102 companies listed in the Tehran Stock Exchange during the period 1385-1390and for processing and testing hypotheses, linear regression method is used. The study results showed that QAO has not significant impact on debt maturity in companies listed in Tehran Stock Exchange.