Li, Yiwen; Park, You-il; Wynn, Jinyoung - In: Journal of Applied Accounting Research 19 (2018) 3, pp. 423-439
Purpose: The purpose of this paper is to investigate investor reactions to financial restatements conditional on disclosures of internal control weaknesses under Section 404 of the Sarbanes-Oxley Act. Design/methodology/approach: The research uses cumulative abnormal stock returns (CARs) as a...