关键词: 管理层业绩预告,业绩预告披露,媒介反应,审计意见

Abstract: Taking China’s A-share listed companies from 2012 to 2016 as the samples, this paper explores the correlation between management earnings preannouncement disclosure together with their characteristics and the audit opinions. The findings show that as for the listed companies with earnings preannouncement disclosure and optimistic attitude for their earnings preannouncement, the probability of issuing standard audit opinions is smaller; while the higher the accuracy of earnings preannouncement, the higher the probability of issuing standard audit opinions. The results of further research show that if the listed companies revise their earnings preannouncements, the probability of issuing standard audit opinions is smaller. If the media responses are stronger, the correlation between the earnings preannouncement disclosure and the probability of issuing the standard audit opinions is significantly enhanced, while the accuracy of earnings preannouncement, the attitude tendency of earnings preannouncement, and the revision of earnings preannouncement will have a significantly weakened correlation with the probability of issuing standard audit opinions.

Key words: management earnings preannouncement; earnings preannouncement disclosure; media reaction; audit opinion