Corporate Investments: Learning from Restatements

By Artyom Durnev, C. Mangen. 2009

177 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/8854813d34b98c894eca07f032e0b8dd631506cb

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Citations in the corpus

The spillover effects of MD&A disclosures for real investment: The role of industry competition (2019, methodology): “For instance, companies boost investment when rivals disclose fraudulent reports; later on, once the fraud is revealed, they revise their investment (Durnev and Mangen, 2009; Beatty et al., 2013).”
CEO Ownership, External Governance, and Risk-taking (2011, unknown): “We rely on the 4 largest companies because ICRs based on the 8, 20, or 50 largest companies in Compustat have a greater chance of omitting private companies, which lead to classification errors (Kadyrzhanova and Rhodes-Kropf, 2007; Durnev and Mangen, 2009).”
The effects of financial reporting and disclosure on corporate investment: A review (2019, background): “We discuss the empirical evidence in the order in which we lay out the conceptual discussion, but note that some studies such as, Raman and Shahrur (2008) and Durnev and Mangen (2009), precede the studies discussed earlier in the empirical section related to peer effects.”
Information Environment and the Investment Decisions of Multinational Corporations (2013, unknown): “related to recent studies by Durnev and Mangen (2009) and Beatty, Liao, and Yu (2011), who”
The Spillover Effect of Fraudulent Financial Reporting on Peer Firms’ Investments (2013, unknown): “Durnev and Mangen (2009) investigate whether the announcement of an accounting restatement is associated with a systematic change in peers’ investments.”
The Real Effects of Disclosure Tone: Evidence from Restatements (2011, unknown): “Prior literature shows that news in restatement announcements affects competitors’ investments (Durnev and Mangen, 2009).”
Board Interlocks and Earnings Management Contagion (2013, background): “Finally, the restatement announcement itself contains news directly relevant to peers; for example, Durnev and Mangen (2009) suggest that restatements reveal news about the value of investment projects of the restating firms’ competitors.”
Accounting restatements and information risk (2010, unknown): “13 Durnev and Mangan (2009) offer and provide results consistent with an alternative explanation: ‘‘the”
A review of the IFRS adoption literature (2016, background): “A number of US-based studies provide empirical evidence in support of these spillover effects of reporting quality (e.g., Foster, 1981; Freeman and Tse, 1992; Durnev and Mangen, 2009; Badertscher at al., 2013; Shroff et al., 2014).”