Why are some corporate earnings restatements more damaging?

Applied Financial Economics

Volumn 15, Issue 5, 2005, Pages 327-336

  Akhigbe, Aigbe ^a   Kudla, Ronald J ^a   Madura, Jeff ^b  

^a UNIVERSITY OF AKRON   (United States)

^b FLORIDA ATLANTIC UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

CORPORATE STRATEGY; CREDIT PROVISION;

EID: 15744386924     PISSN: 09603107     EISSN: None     Source Type: Journal    
DOI: 10.1080/0960310042000338722     Document Type: Article

References (15)

1. Arbel, A., Carvell, S. and Strebel, P. (1983) Giraffes, institutions, and neglected firms, Financial Analysts Journal, 39, 57-63.
2. Benesh, G. and Peterson, P. P. (1986) On the relationship between earnings changes, analysts' forecasts and stock price fluctuations, Financial Analysts Journal, 42, 29-40.
3. Brown, L. D. and Rozeff, M. S. (1978) The superiority of analysts forecasts as measures of expectations: evidence from earnings, Journal of Finance, 33, 1-16.
4. Brown, L. D. and Rozeff, M. S. (1980) Analysts can forecast accurately, Journal of Portfolio Management, 6, 31-45.
5. Conroy, R. and Harris, R. (1987) Consensus forecasts of corporate earnings: analysts' forecasts and time series methods, Management Science, 33, 725-38.
6. Dische, A. and Zimmerman, H. (1999) Consensus forecasts of corporate earnings changes and the performance of Swiss stocks, Journal of Investing, 8, 19-26.
7. Dowen, R. J. and Bauman, S. (1991) Revisions in corporate earnings forecasts and common stock returns, Financial Analysts Journal, 47, 86-90.
8. Fabozzi, F. J. (1978) Quality of earnings: a test of market efficiency, Journal of Portfolio Management, 5, 53-6.
9. Fama, E. F. (1970) Efficient capital markets: a review of theory and empirical work, Journal of Finance, 25, 383-417.
10. Fama, E. F. (1976) Foundations of Finance, Basic Books, New York.
11. FEI Research Foundation (2001) Quantitative Measures of the Quality of Financial Reporting, New York.
12. Hawkins, E. H., Chamberlin, S. C. and Daniel, W. E. (1984) Earnings expectations and security prices, Financial Analysts Journal, 40, 24-37.
13. Kerrigan, T. J. (1984) When forecasting earnings, it pays to watch forecasts, Journal of Portfolio Management, 10, 19-25.
14. Mikkelson, W. and Partch, M. (1988) Withdrawn security offerings, Journal of Financial and Quantitative Analysis, 23, 119-33.
15. Siegel, J. G. (1982) The 'quality of earnings' concept - a survey, Financial Analysts Journal, 38, 60-8.