Park, Jong Chool; Wu, Qiang - In: Journal of Business Finance & Accounting 36 (2009-11) 9-10, pp. 1117-1147
In this paper, we investigate the effect of financial restatements on the debt market. Specifically, we focus on the secondary loan market, which has become one of the largest capital markets in the US, and ask the following: (1) whether financial restatements increase restating firm's cost of...