WEBER, JOSEPH; WILLENBORG, MICHAEL; ZHANG, JIEYING - In: Journal of Accounting Research 46 (2008) 4, pp. 941-972
<heading id="h1" level="1" implicit="yes" format="display">ABSTRACT</heading>We study the stock and audit market effects associated with a widely publicized accounting scandal involving a public company (ComROAD AG) and a large, reputable audit firm (KPMG) in a country (Germany) that has long provided auditors with substantial protection from shareholder legal...