Lai, Kam-Wah; Gul, Ferdinand A. - In: Journal of Accounting and Public Policy 27 (2008) 3, pp. 217-237
Laventhol and Horwath (L&H), the then seventh largest accounting firm in the US, declared bankruptcy in November 1990. The firm claimed that its bankruptcy was due to the perception of it being a deep pocket rather than inherent deficiencies in its performance. In this study, we examine whether...
