메뉴 건너뛰기




Volumn 39, Issue 4, 2006, Pages 429-456

Avoiding Reputation Damage in Financial Restatements

Author keywords

[No Author keywords available]

Indexed keywords

INDUSTRY; MANAGEMENT; MARKETING;

EID: 33751551952     PISSN: 00246301     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.lrp.2006.09.002     Document Type: Article
Times cited : (18)

References (69)
  • 1
    • 12144255098 scopus 로고    scopus 로고
    • Causes, consequences, and deterrence of financial statement fraud
    • Rezaee Z. Causes, consequences, and deterrence of financial statement fraud. Critical Perspectives on Accounting 16 3 (2005) 277-298
    • (2005) Critical Perspectives on Accounting , vol.16 , Issue.3 , pp. 277-298
    • Rezaee, Z.1
  • 2
    • 30344469920 scopus 로고    scopus 로고
    • Corporate governance and accounting scandals
    • Agrawal A., and Chadha S. Corporate governance and accounting scandals. Journal of Law and Economics 48 2 (2005) 371-406
    • (2005) Journal of Law and Economics , vol.48 , Issue.2 , pp. 371-406
    • Agrawal, A.1    Chadha, S.2
  • 3
    • 0001574630 scopus 로고    scopus 로고
    • A review of the earnings management literature and its implications for standard setting
    • Healy P.M., and Wahlen J.M. A review of the earnings management literature and its implications for standard setting. Accounting Horizons 13 4 (1999) 365-383
    • (1999) Accounting Horizons , vol.13 , Issue.4 , pp. 365-383
    • Healy, P.M.1    Wahlen, J.M.2
  • 4
    • 2142720242 scopus 로고    scopus 로고
    • Causes and consequences of earnings manipulation: an analysis of firms subject to enforcement actions by the SEC
    • Dechow P.M., Sloan R.G., and Sweeney A.P. Causes and consequences of earnings manipulation: an analysis of firms subject to enforcement actions by the SEC. Contemporary Accounting Research 13 1 (1996) 1-36
    • (1996) Contemporary Accounting Research , vol.13 , Issue.1 , pp. 1-36
    • Dechow, P.M.1    Sloan, R.G.2    Sweeney, A.P.3
  • 6
    • 33645166634 scopus 로고    scopus 로고
    • M. Erickson, M. Hanlon and E. Maydew, Is There a Link Between Executive Compensation and Accounting Fraud? Journal of Accounting Research 44(1), 113-143 (2006)
  • 7
    • 29244483408 scopus 로고    scopus 로고
    • The impact of performance-based compensation on misreporting
    • Burns N., and Kedia S. The impact of performance-based compensation on misreporting. Journal of Financial Economics 79 (2006) 35-67
    • (2006) Journal of Financial Economics , vol.79 , pp. 35-67
    • Burns, N.1    Kedia, S.2
  • 8
    • 0042012826 scopus 로고    scopus 로고
    • Earnings management and investor protection: an international comparison
    • Leuz C., Nanda D., and Wysocki P.D. Earnings management and investor protection: an international comparison. Journal of Financial Economics 69 (2003) 505-527
    • (2003) Journal of Financial Economics , vol.69 , pp. 505-527
    • Leuz, C.1    Nanda, D.2    Wysocki, P.D.3
  • 9
    • 1342301282 scopus 로고    scopus 로고
    • The circumstances and legal consequences of non-GAAP reporting: evidence from restatements
    • Palmrose Z.-V., and Scholz S. The circumstances and legal consequences of non-GAAP reporting: evidence from restatements. Contemporary Accounting Research 21 1 (2004) 139-180
    • (2004) Contemporary Accounting Research , vol.21 , Issue.1 , pp. 139-180
    • Palmrose, Z.-V.1    Scholz, S.2
  • 10
    • 2442671585 scopus 로고    scopus 로고
    • Gatekeeper Failure and Reform: The Challenge of Fashioning Relevant Reforms
    • Coffee J.C. Gatekeeper Failure and Reform: The Challenge of Fashioning Relevant Reforms. Boston University Law Review 301 April (2004) 301-364
    • (2004) Boston University Law Review , vol.301 , Issue.April , pp. 301-364
    • Coffee, J.C.1
  • 11
    • 2642518118 scopus 로고    scopus 로고
    • Auditor Independence, Non-Audit Services, and Restatements: Was the US Government Right?
    • Kinney W.R., Palmrose Z.-V., and Scholz S. Auditor Independence, Non-Audit Services, and Restatements: Was the US Government Right?. Journal of Accounting Research 42 3 (2004) 561-588
    • (2004) Journal of Accounting Research , vol.42 , Issue.3 , pp. 561-588
    • Kinney, W.R.1    Palmrose, Z.-V.2    Scholz, S.3
  • 13
    • 33751538746 scopus 로고    scopus 로고
    • Particularly, Palmrose and Scholz (op. cit.) found that from their cases involving "core accounts" (of which revenue is the main part), 50 per cent lead to litigation, whereas only 17 per cent of the cases not involving core accounts lead to litigation.
  • 15
    • 33751552517 scopus 로고    scopus 로고
    • Securities and Exchange Commission, Washington DC Available at:
    • Turner L.E. Speech by SEC staff: Revenue recognition (2001), Securities and Exchange Commission, Washington DC. http://www.sec.gov/news/speech/spch495.htm Available at:
    • (2001) Speech by SEC staff: Revenue recognition
    • Turner, L.E.1
  • 16
    • 0041116185 scopus 로고    scopus 로고
    • The impact of corporate credibility and celebrity credibility on consumer reactions to advertisements and brands
    • E.g.
    • E.g.,. Goldsmith R.E., Lafferty B.A., and Newell S.J. The impact of corporate credibility and celebrity credibility on consumer reactions to advertisements and brands. Journal of Advertising 29 3 (2000) 43-54
    • (2000) Journal of Advertising , vol.29 , Issue.3 , pp. 43-54
    • Goldsmith, R.E.1    Lafferty, B.A.2    Newell, S.J.3
  • 17
    • 0042872980 scopus 로고    scopus 로고
    • The development of a scale to measure perceived corporate credibility
    • Newell S.J., and Goldsmith R.E. The development of a scale to measure perceived corporate credibility. Journal of Business Research 52 (2001) 235-247
    • (2001) Journal of Business Research , vol.52 , pp. 235-247
    • Newell, S.J.1    Goldsmith, R.E.2
  • 18
    • 33751515044 scopus 로고    scopus 로고
    • Nortel Networks Conference Call with the Investment Community to Provide Update on Business Performance, Status of Restatements and Related Matters, Fair Disclosure Wire, June 2, 2004
  • 19
    • 33751535931 scopus 로고    scopus 로고
    • Nortel leaves all doors open
    • see also
    • see also. Le Maistre R. Nortel leaves all doors open. Light Reading (2004). Available at: http://www.lightreading.com/document.asp?doc_id=53776
    • (2004) Light Reading
    • Le Maistre, R.1
  • 20
    • 0036993691 scopus 로고    scopus 로고
    • Evaluating financial reporting quality: the effects of financial expertise vs. financial literacy
    • McDaniel L., Martin R.D., and Maines L.A. Evaluating financial reporting quality: the effects of financial expertise vs. financial literacy. Accounting Review 77 Supplement (2002) 137-167
    • (2002) Accounting Review , vol.77 , Issue.SUPPL , pp. 137-167
    • McDaniel, L.1    Martin, R.D.2    Maines, L.A.3
  • 23
    • 33751513488 scopus 로고    scopus 로고
    • Probe of Ahold Foodservice may involve ConAgra, Sara Lee
    • Raghavan A., and Ball D. Probe of Ahold Foodservice may involve ConAgra, Sara Lee. Wall Street Journal (March 28 (2003))
    • (2003) Wall Street Journal
    • Raghavan, A.1    Ball, D.2
  • 24
    • 0036704563 scopus 로고    scopus 로고
    • Understanding Enron: "It's about the gatekeepers, stupid"
    • Gatekeepers are "reputational intermediaries who provide verification and certification services to investors" - Besides auditors, examples of gatekeepers are analysts, lawyers and investment bankers. The phrase "reputational intermediaries" refers to the assumption that gatekeepers are unlikely to assist companies in committing fraud, because the potential damage to their reputations will outweigh the fees they may receive
    • Gatekeepers are "reputational intermediaries who provide verification and certification services to investors" -. Coffee J.C. Understanding Enron: "It's about the gatekeepers, stupid". Business Lawyer 57 August (2002) 1403-1420 Besides auditors, examples of gatekeepers are analysts, lawyers and investment bankers. The phrase "reputational intermediaries" refers to the assumption that gatekeepers are unlikely to assist companies in committing fraud, because the potential damage to their reputations will outweigh the fees they may receive
    • (2002) Business Lawyer , vol.57 , Issue.August , pp. 1403-1420
    • Coffee, J.C.1
  • 25
    • 84989026753 scopus 로고
    • The dominant logic: a new linkage between diversity and performance
    • Prahalad C.K., and Bettis R.A. The dominant logic: a new linkage between diversity and performance. Strategic Management Journal 7 (1986) 485-501
    • (1986) Strategic Management Journal , vol.7 , pp. 485-501
    • Prahalad, C.K.1    Bettis, R.A.2
  • 27
    • 2342436812 scopus 로고    scopus 로고
    • The blinders of dominant logic
    • See
    • See. Prahalad C.K. The blinders of dominant logic. Long Range Planning 37 (2004) 171-179
    • (2004) Long Range Planning , vol.37 , pp. 171-179
    • Prahalad, C.K.1
  • 28
    • 0035302153 scopus 로고    scopus 로고
    • Mastering strategic renewal: mobilising renewal journeys in multi-unit firms
    • Volberda H.W., Baden-Fuller C., and Van den Bosch F.A.J. Mastering strategic renewal: mobilising renewal journeys in multi-unit firms. Long Range Planning 34 (2001) 159-178
    • (2001) Long Range Planning , vol.34 , pp. 159-178
    • Volberda, H.W.1    Baden-Fuller, C.2    Van den Bosch, F.A.J.3
  • 30
    • 33751510067 scopus 로고    scopus 로고
    • Gramling, op. cit.
  • 32
    • 38249010908 scopus 로고
    • Impact of consumers' confidence in judgements about missing information on product evaluations
    • E.g.
    • E.g.,. Lim J.-S., and Kim J. Impact of consumers' confidence in judgements about missing information on product evaluations. Journal of Business Research 25 3 (1992) 215-229
    • (1992) Journal of Business Research , vol.25 , Issue.3 , pp. 215-229
    • Lim, J.-S.1    Kim, J.2
  • 33
    • 0002048188 scopus 로고
    • The double-edge of organizational legitimation
    • Ashforth B.E., and Gibbs B.W. The double-edge of organizational legitimation. Organization Science 1 2 (1990) 177-194
    • (1990) Organization Science , vol.1 , Issue.2 , pp. 177-194
    • Ashforth, B.E.1    Gibbs, B.W.2
  • 34
    • 0000683076 scopus 로고
    • The stigma of bankruptcy: spoiled organizational image and its management
    • Sutton R.I., and Callahan A.L. The stigma of bankruptcy: spoiled organizational image and its management. Academy of Management Journal 30 3 (1987) 405-436
    • (1987) Academy of Management Journal , vol.30 , Issue.3 , pp. 405-436
    • Sutton, R.I.1    Callahan, A.L.2
  • 35
    • 33645657797 scopus 로고    scopus 로고
    • When should a leader apologize and when not?
    • Kellerman B. When should a leader apologize and when not?. Harvard Business Review 84 4 (2006) 72-81
    • (2006) Harvard Business Review , vol.84 , Issue.4 , pp. 72-81
    • Kellerman, B.1
  • 36
    • 33751550082 scopus 로고    scopus 로고
    • Royal Dutch Petroleum Co (Shell) Conference Call "Recategorisation of proved hydrocarbon reserves", Fair Disclosure Wire, March 18, 2004.
  • 37
    • 33751530785 scopus 로고    scopus 로고
    • Q1 2003 Qwest Communications Earnings Conference Call, Fair Disclosure Wire, May 29, 2003.
  • 38
    • 33751537814 scopus 로고    scopus 로고
    • Royal Dutch Petroleum Co (Shell) Conference Call "Advance Advice to Annual Report Publication", Fair Disclosure Wire May 24, 2004
  • 39
    • 33751524769 scopus 로고    scopus 로고
    • Shell restates reserves of oil and gas for the fourth time this year
    • see also
    • see also. Felsted A., and Harris C. Shell restates reserves of oil and gas for the fourth time this year. Financial Times (May 25 2004)
    • (2004) Financial Times
    • Felsted, A.1    Harris, C.2
  • 40
    • 33751512814 scopus 로고    scopus 로고
    • Q4 2002 Royal Ahold Earnings Conference Call, Fair Disclosure Wire, February 24, 2003.
  • 41
    • 18944401883 scopus 로고    scopus 로고
    • Restoring trust after fraud: does corporate governance matter?
    • Farber D.B. Restoring trust after fraud: does corporate governance matter?. Accounting Review 80 2 (2005) 539-561
    • (2005) Accounting Review , vol.80 , Issue.2 , pp. 539-561
    • Farber, D.B.1
  • 42
    • 11144307937 scopus 로고    scopus 로고
    • Board characteristics, accounting report integrity, and the cost of debt
    • Anderson R.C., Mansi S.A., and Reeb D.M. Board characteristics, accounting report integrity, and the cost of debt. Journal of Accounting and Economics 37 (2004) 315-342
    • (2004) Journal of Accounting and Economics , vol.37 , pp. 315-342
    • Anderson, R.C.1    Mansi, S.A.2    Reeb, D.M.3
  • 43
    • 8744235132 scopus 로고    scopus 로고
    • Particularly as a result of Section 301 of the Sarbanes-Oxley act; see e.g., SEC, Rule no. 33-8220, Securities and Exchange Commission, Washington, DC Available at:
    • Particularly as a result of Section 301 of the Sarbanes-Oxley act; see e.g., SEC, Rule no. 33-8220. Standards Relating to Listed Company Audit Committees (2003), Securities and Exchange Commission, Washington, DC. http://www.sec.gov/rules/final/33-8220.htm Available at:
    • (2003) Standards Relating to Listed Company Audit Committees
  • 44
    • 1642369824 scopus 로고    scopus 로고
    • How we're fixing up Tyco
    • See
    • See. Pillmore E.M. How we're fixing up Tyco. Harvard Business Review 81 December (2003) 96-103
    • (2003) Harvard Business Review , vol.81 , Issue.December , pp. 96-103
    • Pillmore, E.M.1
  • 45
    • 33751522523 scopus 로고    scopus 로고
    • Tyco's Stock Still on Trial; New CEO Hoped to Move On, But Mistrial Means Uncertainty For the Company's Share Price
    • Johannes L., and Forelle C. Tyco's Stock Still on Trial; New CEO Hoped to Move On, But Mistrial Means Uncertainty For the Company's Share Price. Wall Street Journal (April 5, 2004)
    • (2004) Wall Street Journal
    • Johannes, L.1    Forelle, C.2
  • 46
    • 33751502929 scopus 로고    scopus 로고
    • Q2 2003 Tyco International Earnings Conference Call, Fair Disclosure Wire, April 30 2003.
  • 47
    • 33751514681 scopus 로고    scopus 로고
    • See, Stanford Graduate School of Business, Stanford, CA
    • See. Yurday E.C., and Duffie D. Risk at Freddie Mac (2004), Stanford Graduate School of Business, Stanford, CA
    • (2004) Risk at Freddie Mac
    • Yurday, E.C.1    Duffie, D.2
  • 48
    • 34548859291 scopus 로고    scopus 로고
    • Office of Federal Housing Enterprise Oversight, Washington, DC
    • OFHEO. Report of the special examination of Freddie Mac (2003), Office of Federal Housing Enterprise Oversight, Washington, DC. Available at: http://www.ofheo.gov/News.asp?FormMode=Search&;NewsType=1&ID=168
    • (2003) Report of the special examination of Freddie Mac
    • OFHEO1
  • 49
    • 33751511320 scopus 로고    scopus 로고
    • Internal Investigation Reveals Widespread Accounting, Control, and Disclosure Weaknesses; Troubling Excerpts Below, Prudential analyst report
    • Thomson One Analytics
    • FRE. Internal Investigation Reveals Widespread Accounting, Control, and Disclosure Weaknesses; Troubling Excerpts Below, Prudential analyst report. July 23 (2003) Thomson One Analytics
    • (2003) July , vol.23
    • FRE1
  • 50
    • 33751545128 scopus 로고    scopus 로고
    • See also Yurday and Duffie, op. cit.
  • 51
    • 33751533359 scopus 로고    scopus 로고
    • OFHEO, op. cit.
  • 52
    • 33751510548 scopus 로고    scopus 로고
    • Freddie Mac Conference Call, Fair Disclosure Wire July 23, 2003
  • 53
    • 33751513191 scopus 로고    scopus 로고
    • Freddie Mac probe findings are unveiled
    • see also
    • see also. Despeignes P., and Wiggins J. Freddie Mac probe findings are unveiled. Financial Times (July 24, 2003)
    • (2003) Financial Times
    • Despeignes, P.1    Wiggins, J.2
  • 54
    • 33751520535 scopus 로고    scopus 로고
    • Earnings Update, Networking & Data Infrastructure, Canadian Imperial Bank of Commerce analyst report, August 19, 2004, Thomson One Analytics.
  • 55
    • 33751525258 scopus 로고    scopus 로고
    • Nortel again delays financial report
    • E.g.
    • E.g. Heinzl M. Nortel again delays financial report. Wall Street Journal (November 12, 2004)
    • (2004) Wall Street Journal
    • Heinzl, M.1
  • 56
    • 33751502928 scopus 로고    scopus 로고
    • Nortel unveils new accounting flubs: company details mistakes, says executives will return millions in bonus payments
    • See
    • See. Heinzl M., and Brown K. Nortel unveils new accounting flubs: company details mistakes, says executives will return millions in bonus payments. Wall Street Journal (January 12, 2005)
    • (2005) Wall Street Journal
    • Heinzl, M.1    Brown, K.2
  • 57
    • 33751524768 scopus 로고    scopus 로고
    • Nortel: beyond closing the books
    • E.g. Available at
    • E.g. Crockett R.O. Nortel: beyond closing the books. Business Week Online (2005). http://www.businessweek.com Available at
    • (2005) Business Week Online
    • Crockett, R.O.1
  • 58
    • 22544461028 scopus 로고    scopus 로고
    • Executive job demands: new insights for explaining strategic decisions and leader behaviors
    • Hambrick D.C., Finkelstein S., and Mooney A.C. Executive job demands: new insights for explaining strategic decisions and leader behaviors. Academy of Management Review 30 3 (2005) 472-491
    • (2005) Academy of Management Review , vol.30 , Issue.3 , pp. 472-491
    • Hambrick, D.C.1    Finkelstein, S.2    Mooney, A.C.3
  • 59
    • 84926089712 scopus 로고    scopus 로고
    • Bounded ethicality as a psychological barrier to recognizing conflicts of interest
    • Moore D.A., Cain D.M., Loewenstein G., and Bazerman M.H. (Eds), Cambridge University Press
    • Chugh D., Bazerman M.H., and Banaji R. Bounded ethicality as a psychological barrier to recognizing conflicts of interest. In: Moore D.A., Cain D.M., Loewenstein G., and Bazerman M.H. (Eds). Conflicts of interest: Challenges and solutions in business, law, medicine, and public policy (2005), Cambridge University Press
    • (2005) Conflicts of interest: Challenges and solutions in business, law, medicine, and public policy
    • Chugh, D.1    Bazerman, M.H.2    Banaji, R.3
  • 62
    • 1142289897 scopus 로고    scopus 로고
    • Removing the shadow of suspicion: the effects of apology versus denial for repairing competence- versus integrity-based trust violations
    • Kim P.H., Ferrin D.L., Cooper C.D., and Dirks K.T. Removing the shadow of suspicion: the effects of apology versus denial for repairing competence- versus integrity-based trust violations. Journal of Applied Psychology 89 1 (2004) 104-118
    • (2004) Journal of Applied Psychology , vol.89 , Issue.1 , pp. 104-118
    • Kim, P.H.1    Ferrin, D.L.2    Cooper, C.D.3    Dirks, K.T.4
  • 63
    • 30044450184 scopus 로고    scopus 로고
    • When more blame is better than less: the implications of internal vs external attributions for the repair of trust after a competence - vs. integrity-based trust violation
    • Kim P.H., Dirks K.T., Cooper C.D., and Ferrin D.L. When more blame is better than less: the implications of internal vs external attributions for the repair of trust after a competence - vs. integrity-based trust violation. Organizational Behavior and Human Decision Processes 99 (2006) 49-65
    • (2006) Organizational Behavior and Human Decision Processes , vol.99 , pp. 49-65
    • Kim, P.H.1    Dirks, K.T.2    Cooper, C.D.3    Ferrin, D.L.4
  • 65
    • 84992782827 scopus 로고    scopus 로고
    • Companies can apologize: corporate apologies and legal liability
    • Patel A., and Reinsch L. Companies can apologize: corporate apologies and legal liability. Business Communication Quarterly 66 1 (2003) 9-25
    • (2003) Business Communication Quarterly , vol.66 , Issue.1 , pp. 9-25
    • Patel, A.1    Reinsch, L.2
  • 68
    • 84861073956 scopus 로고    scopus 로고
    • Unless indicated otherwise, the source of all definitions is. Hussey R. (Ed), Oxford University Press
    • Unless indicated otherwise, the source of all definitions is. In: Hussey R. (Ed). A Dictionary of Accounting (1999-1999), Oxford University Press. available at: http://www.oxfordreference.com
    • (1999) A Dictionary of Accounting
  • 69
    • 33751509537 scopus 로고    scopus 로고
    • Wikepedia, available at: http://en.wikipedia.org/wiki.


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.