The Impact of Audit Quality on Share Prices: Evidence from Listed Real Estate Companies in the Vietnamese Stock Market

This article’s purpose is to examine the effect of audit quality on listed real estate businesses' share prices on the Vietnamese stock market. Audit quality is measured by the authors based on the auditor tenure, the size, and reputation of the audit firm as well as the audit firm's tenure. The study focuses on a sample of 56 real estate companies that were listed on the Vietnamese stock market between 2010 and 2022. The study included three regression techniques: Pool OLS, Random Effect Model (REM), Fixed Effects Model (FEM), and Generalized Method of Moments (GMM) to assess the impact of the variables reflecting audit quality on the market price per share of listed businesses. The authors' findings demonstrate that the audit quality significantly affects the share prices share prices of real estate companies listed on the Vietnam stock market. Specifically, the study identifies that the scale and reputation of the auditing firm, auditor tenure, and audit firm tenure all significantly affect the changes in the market price per share of real estate businesses on the Vietnamese stock market.