Fair value and economic consequences of financial restatements

Hua Wei Solomon Huang, Zhi Yuan Andy Feng, Angie Abdel Zaher

Research output: Contribution to journalArticlepeer-review

8 Citations (Scopus)


This study finds that negative market reactions to restatement announcements are more severe when firms disclose higher ratios of Level 3 fair values. In addition, this negative association is stronger during financial crisis periods, showing that market investors prefer conservative fair values.

Original languageEnglish
Article number101244
JournalFinance Research Letters
Publication statusPublished - 2020 May

All Science Journal Classification (ASJC) codes

  • Finance


Dive into the research topics of 'Fair value and economic consequences of financial restatements'. Together they form a unique fingerprint.

Cite this