Eng, Li Li; Rao, Ramesh P.; Saudagaran, Shahrokh - In: International Journal of Revenue Management 6 (2012) 3/4, pp. 221-245
Financial restatements may affect core earnings if the restatements involve revenue, cost of sales or ongoing expenses. Hence, restatements may impact information content of earnings. Using the earnings response coefficient (ERC) as a measure of the information content of earnings, we document a...