Accounting Restatements: Are they Always Bad News for Investors?

This study investigates a large sample of financial statement restatements over the period 1986-2001, and compares restatements caused by changes in accounting principles to those caused by errors. Typically, investors perceive restatements as negative signals due to three potential reasons: (a) the...

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Bibliographic Details
Main Authors: SEGAL, Dan, Callen, Jeffrey L., Livnat, Joshua
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2006
Subjects:
Online Access:https://ink.library.smu.edu.sg/soa_research/814
https://ink.library.smu.edu.sg/context/soa_research/article/1813/viewcontent/SSRN_id1280738.pdf
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Institution: Singapore Management University
Language: English