IDEAS home Printed from https://ideas.repec.org/a/ora/jrojbe/v4y2019i2p102-111.html
   My bibliography  Save this article

The Information Content Of Audit Opinion For Users Of Financial Statements

Author

Listed:
  • Ionel Preda

    (Doctoral School of Management, Faculty of Management, Bucharest University of Economic Studies, Bucharest, Romania.)

Abstract

The analysis of the contracts awarded on the basis of a single tender in public procurement is necessary to be performed for studying the degree of openness of a market and for identifying a number of deficiencies such as reduced competition, high level of bureaucracy, reduced stimulation of the small and medium entreprises participation at the procurement procedures or non-splitting into lots the object of the procurement. The article describes the existing specialised literature, the advantages and disadvantages of receiving only one tender situation in Romania and European Union during the period 2015 – 2017, in correlation with the statistics regarding the weight of conracts awarded to small and medium entreprises and the weight of procurement procedures divided into lots. Also, the article longer poses a number of issues concerning the approach of contracts contracts based on only one offer as an indication of fraud or corruption or the conclusion of anticompetitive agreements.

Suggested Citation

  • Ionel Preda, 2019. "The Information Content Of Audit Opinion For Users Of Financial Statements," Oradea Journal of Business and Economics, University of Oradea, Faculty of Economics, vol. 4(2), pages 102-111, September.
    • Handle: RePEc:ora:jrojbe:v:4:y:2019:i:2:p:102-111
    as

    Download full text from publisher

    File URL: http://ojbe.steconomiceuoradea.ro/wp-content/uploads/2019/10/OJBE_vol-42-102-111.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Gugler, Klaus & Weichselbaumer, Michael & Zulehner, Christine, 2015. "Competition in the economic crisis: Analysis of procurement auctions," European Economic Review, Elsevier, vol. 73(C), pages 35-57.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Michael Klien, 2019. "Entwicklung der Baukonjunktur 2011/2018 und Ausblick," WIFO Studies, WIFO, number 61845.
    2. Bedri Kamil Onur Tas, 2024. "A machine learning approach to detect collusion in public procurement with limited information," Journal of Computational Social Science, Springer, vol. 7(2), pages 1913-1935, October.
    3. Stjepan Srhoj & Melko Dragojević, 2024. "Public Procurement and Supplier Job Creation: Insights from Auctions," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 40(2), pages 470-527.
    4. Seres, G. & Pigon, Adam, 2019. "On the Competitive Effects of Screening in Procurement," Other publications TiSEM 3314c398-ea79-4f74-96f4-8, Tilburg University, School of Economics and Management.
    5. de Leverano, Adriano, 2019. "Collusion through market sharing agreements: Evidence from Quebec's road paving market," ZEW Discussion Papers 19-053, ZEW - Leibniz Centre for European Economic Research.
    6. Gugler, Klaus & Weichselbaumer, Michael & Zulehner, Christine, 2020. "Employment behavior and the economic crisis: Evidence from winners and runners-up in procurement auctions," Journal of Public Economics, Elsevier, vol. 182(C).
    7. Jun Honda, 2015. "Intermediary Search for Suppliers in Procurement Auctions," Department of Economics Working Papers wuwp203, Vienna University of Economics and Business, Department of Economics.
    8. Michael Klien & Werner Hölzl, 2019. "Öffentliche Ausschreibungen und Konjunktur. Eine Analyse mit unkonventionellen Daten für die österreichische Bauwirtschaft," WIFO Monatsberichte (monthly reports), WIFO, vol. 92(8), pages 609-618, August.
    9. Jääskeläinen, Jan & Tukiainen, Janne, 2019. "Anatomy of public procurement," Working Papers 118, VATT Institute for Economic Research.
    10. Zulehner, Christine & Gugler, Klaus Peter & Weichselbaumer, Michael, 2015. "Analysis of mergers in first-price auctions," CEPR Discussion Papers 10799, C.E.P.R. Discussion Papers.
    11. Zulehner, Christine & Gugler, Klaus & Weichselbaumer, Michael, 2017. "Effects of government spending on employment: Evidence from winners and runners-up in procurement auctions," CEPR Discussion Papers 12548, C.E.P.R. Discussion Papers.
    12. Wifo, 2019. "WIFO-Monatsberichte, Heft 8/2019," WIFO Monatsberichte (monthly reports), WIFO, vol. 92(8), August.

    More about this item

    Keywords

    public procurement; procurement procedure; contract; only one tender.;
    All these keywords.

    JEL classification:

    • C46 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Specific Distributions
    • H57 - Public Economics - - National Government Expenditures and Related Policies - - - Procurement
    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ora:jrojbe:v:4:y:2019:i:2:p:102-111. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tomina SAVEANU (email available below). General contact details of provider: https://edirc.repec.org/data/feoraro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.