Xu, Tan; Najand, Mohammad; Ziegenfuss, Douglas - In: Journal of Business Finance & Accounting 33 (2006-06) 5-6, pp. 696-714
This paper investigates the intra-industry effects of earnings restatements due to accounting irregularities. We detect a significant contagion effect for rival firms whose cash flow characteristics are similar to those of the restating firm. The restatement doesn't seem to influence all the...