Contagion effect of restatements through common directorships
We predict that when a restatement is disclosed, information on the lower monitoring quality of the directors at the restating firms (“tainted directors”) can transfer to other firms these directors also serve on (“contagion firms”), and that this information transfer causes investors to reassess th...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2010
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soa_research/786 http://aaahq.org/meetings/AUD2010/ContagionEffectRestatements.pdf |
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| Institution: | Singapore Management University |
| Language: | English |