Market Reactions to Disclosure of Reportable Events

By Scott Whisenant, Srinivasan Sankaraguruswamy, K. Raghunandan. 2003

112 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/bfe478057b964badeb59efb9ace6cc82e838c1a8

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In Accounting

1. Omrane Guedhami
2. Jeffrey A. Pittman
3. Walid Saffar
4. Clive Lennox
5. Xi Wu
6. Tianyu Zhang
7. A. Lerman
8. Qian Wang

In Strategy and Management

1. Jeffrey A. Pittman
2. Omrane Guedhami
3. Clive Lennox
4. Walid Saffar
5. Xi Wu
6. A. Lerman
7. Tianyu Zhang
8. Qian Wang

Citations in the corpus

• The effects of firm size, corporate governance quality, and bad news on disclosure compliance (2011, background): “Prior research documents the importance of 8-K Item 4 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; Whisen”
• Does Mandatory Rotation of Audit Partners Improve Audit Quality (2014, background): “Audit firms tend to resign from clients that pose a high risk of misreporting and litigation; moreover, investors perceive auditor resignations as being negative signals of corporate value (Shu 2000; Johnstone and Bedard 2004; Whisenant, Raghunandan, and Sankaraguruswamy 2003).”
• The new Form 8-K disclosures (2010, background): “The auditor-change related literature examines questions such as whether disclosures of auditor changes are made promptly (Schwartz and Soo 1996; Ettredge et al. 2001) and whether such disclosures have information content ( Whisenant et al. 2003 ).”
• Do Financial Restatements Lead to Auditor Changes (2013, background): “35 Other news includes shareholder lawsuits, officer/director changes, product introductions, merger related news and dividend announcements. restatement announcements (CARREST) and the restatement amounts (RESTAMT) become more negative, the abnormal returns surrounding the auditor change will becom”
• Auditor choice in privatized firms: Empirical evidence on the role of state and foreign owners (2009, methodology): “The ownership structure and the financial information are hand collected from several data sources including Moody’s International, Mergent Online, Worldscope Disclosure, Bankscope, Asian, Brazilian, and Mexican Company Handbooks, Kompass Egypt Financial Year Book, and the firms’ annual reports and ”