TY - JOUR
T1 - Economic consequences of unqualified chief accounting officer announcements
AU - Wu, Shih Bin
AU - Liu, Wu Po
N1 - Funding Information:
We appreciate the comments made by the discussant and participants from the NCKU Accounting Practice and Development Forum held in October 2020. This research is supported in part by “Higher Education SPROUT Project” and “Center for Innovative FinTech Business Models”, Ministry of Education to the Headquarters of University Advancement at National Cheng Kung University (NCKU).
Publisher Copyright:
© 2021 Informa UK Limited, trading as Taylor & Francis Group.
PY - 2021
Y1 - 2021
N2 - This study investigates market reactions to announcements of chief accounting officer (CAO) unqualifications. Using 61 Taiwanese observations from 2006 to 2020, we find negative market reactions prior to unqualified CAO announcements. Our results also show that markets react more negatively when unqualified CAOs are female. This study suggests potential information leakage and provides implications for regulators and market participants.
AB - This study investigates market reactions to announcements of chief accounting officer (CAO) unqualifications. Using 61 Taiwanese observations from 2006 to 2020, we find negative market reactions prior to unqualified CAO announcements. Our results also show that markets react more negatively when unqualified CAOs are female. This study suggests potential information leakage and provides implications for regulators and market participants.
UR - http://www.scopus.com/inward/record.url?scp=85106224798&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85106224798&partnerID=8YFLogxK
U2 - 10.1080/13504851.2021.1925214
DO - 10.1080/13504851.2021.1925214
M3 - Article
AN - SCOPUS:85106224798
JO - Applied Economics Letters
JF - Applied Economics Letters
SN - 1350-4851
ER -