Fair value and economic consequences of financial restatements

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

Research output: Contribution to journalArticle

Abstract

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
JournalFinance Research Letters
DOIs
Publication statusAccepted/In press - 2019 Jan 1

Fingerprint

Financial restatements
Fair value
Economic consequences
Investors
Financial crisis
Market reaction
Announcement
Restatements

All Science Journal Classification (ASJC) codes

  • Finance

Cite this

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Fair value and economic consequences of financial restatements. / Huang, Hua-Wei; Feng, Zhi Yuan Andy; Zaher, Angie Abdel.

In: Finance Research Letters, 01.01.2019.

Research output: Contribution to journalArticle

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