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Accounting Restatements by EdiSukarmanto is a document available to read on EtoBox.
What is Accounting Restatements about?
This document discusses how accounting restatements by one firm in an industry can negatively impact the stock prices of other non-restating firms in that same industry. The authors predict and find evidence that accounting restatements that reduce shareholder wealth at the restating firm also induce share price declines among peer non-restating firms in the same industry. This "contagion effect" seems to reflect investors reassessing the accounting quality and financial statement credibility of peer firms,
- Author
- EdiSukarmanto
- Language
- EN