Dao, Mai; Huang, Hua-Wei; Chen, Ken Y.; Huang, Ting-Chiao - In: Journal of Business Finance & Accounting 41 (2014) 7-8, pp. 893-925
This paper investigates the association between management turnover following financial restatements and the probability of subsequent restatements. We find that restating firms that replace management (CEO and/or CFO) are more likely to restate their financial statements again. We also find...