Opaque financial reports, R2, and crash risk
By Amy P. Hutton, Alan Marcus, Hassan Tehranian. 2009
2,437 citations recorded by the source corpus.
Subfields: Accounting, Finance
View Paper: https://www.semanticscholar.org/paper/08c3646d6dc1b218e58041fb9db40fb450c06e9f
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Accounting
- Jeong‐Bon Kim
- Liandong Zhang
- Omrane Guedhami
- Iftekhar Hasan
- Jeffrey L. Callen
- Bill Francis
- Xiaohua Fang
- Sadok El Ghoul
In Finance
- Jeong‐Bon Kim
- Liandong Zhang
- Jeffrey L. Callen
- Xiaohua Fang
- Zheng Wang
- Kam C. Chan
- Iftekhar Hasan
- Bill Francis
Citations in the corpus
- Does Mandatory IFRS Adoption Affect Crash Risk (2015, positive): “…theory, Jin and Myers (2006) find that country-level differences in opacity are associated with cross-country differences in stock return crash frequencies, and Hutton et al. (2009) find that discretionary accruals are associated with crash risk among non-financial firms in the U.S.”
- Professors in the Boardroom and Their Impact on Corporate Governance and Firm Performance: Professors in the Boardroom (2014, background): “For example, Hutton, Marcus, and Tehranian (2009) find that stock prices of firms with high quality earnings reflect more firm-specific information.”
- R2 and Idiosyncratic Risk are not Interchangeable (2014, methodology): “Hutton et al. (2009) conclude that the relation between U and poor earnings quality is negative; Rajgopal and Venkatachalam (2011) conclude that the relation between r 2 e and poor earnings quality is positive.”
- Managerial Ability, Investment Efficiency and Stock Price Crash Risk (2017, neutral): “Hasan Research in International Business and Finance 42 (2017) 262–274”
- The effect of CEO inside debt holdings on financial reporting quality (2015, background): “The stock price crash is documented by prior literature to be the outcome of managers’ hoarding bad news inside a firm (e.g., Jin and Myers 2006; Bleck and Liu 2007; Hutton et al. 2009).”