Gordon, Elizabeth; Henry, Elaine; Peytcheva, Marietta; … - In: Review of Quantitative Finance and Accounting 41 (2013) 1, pp. 75-110
This paper presents evidence that management’s disclosure choices related to a restatement are associated with the market reaction at the time the restatement is announced. The two aspects of pre-restatement disclosure choice we examine are the amount of disclosure, hypothesized to reduce...
