TY - JOUR
T1 - Economic consequences of unqualified chief accounting officer announcements
AU - Wu, Shih Bin
AU - Liu, Wu Po
N1 - Publisher Copyright:
© 2021 Informa UK Limited, trading as Taylor & Francis Group.
PY - 2022
Y1 - 2022
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.
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U2 - 10.1080/13504851.2021.1925214
DO - 10.1080/13504851.2021.1925214
M3 - Article
AN - SCOPUS:85106224798
SN - 1350-4851
VL - 29
SP - 1256
EP - 1260
JO - Applied Economics Letters
JF - Applied Economics Letters
IS - 14
ER -