New research finds that material restatements of earnings that involve correcting accounting irregularities and not just honest errors, lead to a loss in company credibility with investors lasting substantially longer than previously documented.
Investors, according to the new study, have a diminished response to earnings reports of such companies for an average of close to three years.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access