Market Response to Earnings Surprises Conditional on Reasons for an Auditor Change

By Karl E. Hackenbrack, Chris E. Hogan. 2002

112 citations recorded by the source corpus.

Subfields: Accounting, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/a7d048e56ef4aa791bbf310023bfa69052d7a9ce

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Aloke Ghosh
2. Weili Ge
3. Catherine Schrand
4. Patricia M. Dechow
5. Sanjay Kallapur
6. Doo-cheol Moon
7. Joon-Sun Yang
8. Qian Wang

In Finance

1. Sanjay Kallapur
2. Doo-cheol Moon
3. Aloke Ghosh
4. Catherine Schrand
5. Qian Wang
6. J. Krishnan
7. Michael L. Ettredge
8. Patricia M. Dechow

In Strategy and Management

1. Aloke Ghosh
2. Weili Ge
3. Catherine Schrand
4. Sanjay Kallapur
5. Patricia M. Dechow
6. Doo-cheol Moon
7. Qian Wang
8. Michael L. Ettredge

Citations in the corpus

• Auditor Industry Specialization and Earnings Quality (2003, background): “For example, the sample period in Hackenbrack and Hogan (2002) was 1991–1997 and the coefficient was 0.12. While our coefficient is smaller than in both of these studies, our sample period is different, and the coefficients across studies seem to vary across time and sample composition. 19 Prior wor”
• Understanding Earnings Quality: A Review of the Proxies, Their Determinants and Their Consequences (2010, background): “Hackenbrack and Hogan (2002) find that the average short-window (2-day) ERC for the two annual earnings announcements after an auditor change is lower than the ERC for the two annual pre-change earnings announcements.”
• Audit and non-audit fees and capital market perceptions of auditor independence (2009, methodology): “Following prior literature (Teoh and Wong, 1993; Hackenbrack and Hogan, 2002; Ghosh and Moon, 2005; Francis and Ke, 2006) we use earnings response coefficients (ERCs) as a measure of investors’ perceptions of audit quality.2 Following much of the prior literature (see Kothari, 2001), we compute…”
• The effects of firm size, corporate governance quality, and bad news on disclosure compliance (2011, background): “…filings as a whole, and indicates that certain disclosures about the circumstances of auditor changes are viewed as bad news by investors (DeFond et al. 1997; Krishnan and Krishnan 1997; Wells and Loudder 1997; Hackenbrack and Hogan 2002; Whisenant et al. 2003; Sankaraguruswamy and Whisenant 2004).”