Institutional Investors and Accounting Restatements
This paper examines how institutional investors respond to accounting restatements. We show that transient institutional investors, defined as institutions with shorter investment horizons and higher portfolio turnover, significantly reduce their holdings in a restating firm at least one quarter pri...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2005
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soa_research/297 http://papers.ssrn.com/sol3/papers.cfm?abstract_id=591743 |
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| Institution: | Singapore Management University |
| Language: | English |