财务重述经济后果研究述评
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外国经济与管理 2010 年 第 32 卷第 06 期, 页码：59 - 64
摘要
参考文献
摘要
国外的相关研究表明,财务重述会影响公司内部和市场的资源配置,对上市公司和资本市场造成严重的经济后果。本文着重从财务重述的市场反应、财务重述对公司内部资源配置以及行业资源配置的影响三个方面评述国外前沿研究,以期为我国上市公司、监管部门以及学者提供借鉴和启示。
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[13]Kedia,S,and Philippon,T.The economics of fraudulent accounting[R].Working Paper,Rutgers University,2006.
[14]McNichols,M F,and Stubben,S R.Does earnings management affect firms’investment decisions?[J].The Accounting Review,2008,83(6):1 571-1 603.
[15]Bar-Gill,Oren,and Bebchuk,L A.Misreporting corporate performance[R].Working Paper,Harvard Law School,2003.
[16]Xu,Tan,Najand,Mohammad,and Ziegenfuss,Douglas E.Intra-industry effects of earnings restatements due to accounting irregu-larities[J].Journal of Business Finance&Accounting,2006,33(5-6):696-714.
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[18]Gleason,Cristi A,Jenkins,N T,and Johnson,W B.The contagion effects of accounting restatements[J].The Accounting Re-view,2008,83(16):83-110.
[19]Chen,Sheng-Syan,and Lai,Shu-Miao.The vertical information transfer effects of earnings restatements along the supply chain[R].Working Paper,National Taiwan University,2009.
[20]Durnev,Art,and Mange,Claudine.Corporate investments:Learning from restatements[J].Journal of Accounting Research,2009,47(3):679-720.
[2]Desai,H,Krishnamurthy,S,and Venkataraman,K.Do short sellers target firms with poor earnings quality?Evidence from earn-ings restatements[J].Review of Accounting Studies,2006,11(1):71-90.
[3]Graham,John R,Li,Si,and Qiu,Jiaping.Corporate misreporting and bank loan contracting[J].Journal of Financial Economics,2008,89(1):44-61.
[4]Kravet,Todd,and Shevlin,Terry.Accounting restatements and information risk[EB/OL].Available at SSRN:http://ssrn.com/ab-stract=943091,2009.
[5]Wilson,Wendy M.An empirical analysis of the decline in the information content of earnings following restatements[J].The Ac-counting Review,2008,83(2):519-548.
[6]Desai,H,Hogan,C E,and Wilkins,M S.The reputational penalty for aggressive accounting:Earnings restatements and manage-ment turnover[J].The Accounting Review,2008,81(1):83-112.
[7]Persons,O S.The effects of fraud and lawsuit revelation on U.S.executive turnover and compensation[J].Journal of Business Eth-ics,2006,64(4):405-419.
[8]Srinivasan,S.Consequences of financial reporting failure for outside directors:Evidence from accounting restatements[J].Journal ofAccounting Research,2005,43(May):291-334.
[9]Arthaud-Day,M L,Certo,S T,Dalton,C M,and Dalton,D R.A changing of the guard:Executive and director turnover followingcorporate financial restatements[J].Academy of Management Journal,2006,49(6):1 119-1 136.
[10]Collins,D,Reitenga,A L,and Sanchez,J M.The impact of accounting restatements on CFO turnover and bonus compensation:Does securities litigation matter?[J].Advances in Accounting,2008,24(2):162-171.
[11]Verdi,R.Financial reporting quality and investment efficiency[R].Working Paper,Massachusetts Institute of Technology,2006.
[12]Biddle,G C,and Hilary,G.Accounting quality and firm-level capital investment[J].The Accounting Review,2006,81(5):963-982.
[13]Kedia,S,and Philippon,T.The economics of fraudulent accounting[R].Working Paper,Rutgers University,2006.
[14]McNichols,M F,and Stubben,S R.Does earnings management affect firms’investment decisions?[J].The Accounting Review,2008,83(6):1 571-1 603.
[15]Bar-Gill,Oren,and Bebchuk,L A.Misreporting corporate performance[R].Working Paper,Harvard Law School,2003.
[16]Xu,Tan,Najand,Mohammad,and Ziegenfuss,Douglas E.Intra-industry effects of earnings restatements due to accounting irregu-larities[J].Journal of Business Finance&Accounting,2006,33(5-6):696-714.
[17]Akhigbe,Aigbe,and Madura,Jeff.Industry signals relayed by corporate earnings restatements[J].The Financial Review,2008,43(4):569-589.
[18]Gleason,Cristi A,Jenkins,N T,and Johnson,W B.The contagion effects of accounting restatements[J].The Accounting Re-view,2008,83(16):83-110.
[19]Chen,Sheng-Syan,and Lai,Shu-Miao.The vertical information transfer effects of earnings restatements along the supply chain[R].Working Paper,National Taiwan University,2009.
[20]Durnev,Art,and Mange,Claudine.Corporate investments:Learning from restatements[J].Journal of Accounting Research,2009,47(3):679-720.
引用本文
陈晓敏, 胡玉明, 周茜. 财务重述经济后果研究述评[J]. 外国经济与管理, 2010, 32(6): 59–64.
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