Fair value and economic consequences of financial restatements

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

研究成果: Article

摘要

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.

原文English
期刊Finance Research Letters
DOIs
出版狀態Accepted/In press - 2019 一月 1

    指紋

All Science Journal Classification (ASJC) codes

  • Finance

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