Institutional investors and accounting restatements
This paper investigates the role that institutional investors play in the market reaction accounting restatements. We show that transient institutional investors, defined institutions with short investment horizons and high portfolio turnover, significantly reduce their holdings in a restating firm...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2009
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soa_research/775 http://www.macrothink.org/journal/index.php/ajfa/article/viewFile/194/247 |
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| Institution: | Singapore Management University |
| Language: | English |