Ahmed, Kamran; Goodwin, John - In: Accounting and Finance 47 (2007) 1, pp. 1-22
From 1970 to 2003, we document earnings restatements for the top 500 Australian firms, examine the characteristics of restating firms, and test whether restatements are value relevant. Of the 195 earnings restatements, 49 per cent decrease prior-period earnings (negative restatements). Negative...
