메뉴 건너뛰기




Volumn 88, Issue 2, 2013, Pages 365-393

Insider trading, litigation concerns, and auditor going-concern opinions

Author keywords

Going concern opinion; Insider trading; Litigation risk; SOX

Indexed keywords


EID: 84880118713     PISSN: 00014826     EISSN: None     Source Type: Journal    
DOI: 10.2308/accr-50347     Document Type: Article
Times cited : (69)

References (77)
  • 1
    • 84980104458 scopus 로고
    • Financial ratios, discriminant analysis and the prediction of corporate bankruptcy
    • Altman, E. 1968. Financial ratios, discriminant analysis and the prediction of corporate bankruptcy. Journal of Finance 23 (4): 589-609.
    • (1968) Journal of Finance , vol.23 , Issue.4 , pp. 589-609
    • Altman, E.1
  • 2
    • 0013255893 scopus 로고    scopus 로고
    • An Economic analysis of auditor independence for a multi-client, multi-service public accounting firm
    • New York, NY: AICPA
    • Antle, R., P. Griffen, D. Teece, and O. Willamson. 1997. An Economic Analysis of Auditor Independence for a Multi-Client, Multi-Service Public Accounting Firm. Report prepared for the AICPA. New York, NY: AICPA.
    • (1997) Report Prepared for the AICPA
    • Antle, R.1    Griffen, P.2    Teece, D.3    Willamson, O.4
  • 3
    • 84974489579 scopus 로고
    • The value of information: Inferences from the profitability of insider trading
    • Baesel, J., and G. Stein. 1979. The value of information: Inferences from the profitability of insider trading. Journal of Financial and Quantitative Analysis 14 (3): 553-571.
    • (1979) Journal of Financial and Quantitative Analysis , vol.14 , Issue.3 , pp. 553-571
    • Baesel, J.1    Stein, G.2
  • 4
    • 85031027423 scopus 로고    scopus 로고
    • Shareholder litigation, share price movements, news releases, and settlement amounts
    • Beck, J., and S. Bhagat. 1997. Shareholder litigation, share price movements, news releases, and settlement amounts. Managerial and Decision Economics 18 (7-8): 563-586.
    • (1997) Managerial and Decision Economics , vol.18 , Issue.7-8 , pp. 563-586
    • Beck, J.1    Bhagat, S.2
  • 5
    • 0040675572 scopus 로고    scopus 로고
    • Further evidence on the auditor's going-concern report: The influence of management plans
    • March
    • Behn, B., S. Kaplan, and K., Krumwiede. 2001. Further evidence on the auditor's going-concern report: The influence of management plans. Auditing: A Journal of Practice & Theory 20 (March): 13-29.
    • (2001) Auditing: A Journal of Practice & Theory , vol.20 , pp. 13-29
    • Behn, B.1    Kaplan, S.2    Krumwiede, K.3
  • 6
    • 21144476534 scopus 로고
    • Costs of technical violation of accounting-based debt covenants
    • Beneish, M., and E. Press. 1993. Costs of technical violation of accounting-based debt covenants. The Accounting Review 68 (2): 233-257.
    • (1993) The Accounting Review , vol.68 , Issue.2 , pp. 233-257
    • Beneish, M.1    Press, E.2
  • 7
    • 0036807761 scopus 로고    scopus 로고
    • Insider trading, earnings quality, and accrual mispricing
    • Beneish, M., and M. Vargus. 2002. Insider trading, earnings quality, and accrual mispricing. The Accounting Review 77 (4): 755-791.
    • (2002) The Accounting Review , vol.77 , Issue.4 , pp. 755-791
    • Beneish, M.1    Vargus, M.2
  • 8
    • 81855181943 scopus 로고    scopus 로고
    • Insider trading and earnings management in distressed firms
    • Beneish, M., E. Press, and M. Vargus. 2011. Insider trading and earnings management in distressed firms. Contemporary Accounting Research 29 (1): 191-220.
    • (2011) Contemporary Accounting Research , vol.29 , Issue.1 , pp. 191-220
    • Beneish, M.1    Press, E.2    Vargus, M.3
  • 9
    • 0030268728 scopus 로고    scopus 로고
    • Investor valuation of the abandonment option
    • Berger, P., E. Ofek, and I. Swary. 1996. Investor valuation of the abandonment option. Journal of Financial Economics 42 (2): 257-287.
    • (1996) Journal of Financial Economics , vol.42 , Issue.2 , pp. 257-287
    • Berger, P.1    Ofek, E.2    Swary, I.3
  • 10
    • 0032355511 scopus 로고    scopus 로고
    • Fraud type and auditor litigation: An analysis of SEC accounting and auditing enforcement releases
    • Bonner, S., Z.-V. Palmrose, and S. Young. 1998. Fraud type and auditor litigation: An analysis of SEC accounting and auditing enforcement releases. The Accounting Review 73 (4): 503-552.
    • (1998) The Accounting Review , vol.73 , Issue.4 , pp. 503-552
    • Bonner, S.1    Palmrose, Z.-V.2    Young, S.3
  • 12
    • 0034348046 scopus 로고    scopus 로고
    • Audit committee composition and auditor reporting
    • Carcello, J., and T. Neal. 2000. Audit committee composition and auditor reporting. The Accounting Review 75 (4): 453-467.
    • (2000) The Accounting Review , vol.75 , Issue.4 , pp. 453-467
    • Carcello, J.1    Neal, T.2
  • 13
    • 0037289529 scopus 로고    scopus 로고
    • Audit committee characteristics and auditor dismissals following "new" going-concern reports
    • Carcello, J., and T. Neal. 2003. Audit committee characteristics and auditor dismissals following "new" going-concern reports. The Accounting Review 78 (1): 95-117.
    • (2003) The Accounting Review , vol.78 , Issue.1 , pp. 95-117
    • Carcello, J.1    Neal, T.2
  • 14
    • 9644282665 scopus 로고
    • Auditor litigation and modified reporting on bankrupt clients
    • Carcello, J., and Z.-V. Palmrose. 1994. Auditor litigation and modified reporting on bankrupt clients. Journal of Accounting Research (Supplement): 1-30.
    • (1994) Journal of Accounting Research , Issue.SUPPL. , pp. 1-30
    • Carcello, J.1    Palmrose, Z.-V.2
  • 15
    • 0007140938 scopus 로고
    • Inappropriate audit partner behavior: Views of partners and senior managers
    • Carcello, J., D. Hermanson, and F. Huss. 1995. Inappropriate audit partner behavior: Views of partners and senior managers. Behavioral Research in Accounting (Supplement): 245-268.
    • (1995) Behavioral Research in Accounting , Issue.SUPPL. , pp. 245-268
    • Carcello, J.1    Hermanson, D.2    Huss, F.3
  • 16
    • 9744273491 scopus 로고    scopus 로고
    • An investigation of investor reaction to the information content of a going concern audit report while controlling for concurrent financial statement disclosures
    • Carlson, S., G. Glezen, and M. Benefield. 1998. An investigation of investor reaction to the information content of a going concern audit report while controlling for concurrent financial statement disclosures. Quarterly Journal of Business and Economics 37 (3): 25-39.
    • (1998) Quarterly Journal of Business and Economics , vol.37 , Issue.3 , pp. 25-39
    • Carlson, S.1    Glezen, G.2    Benefield, M.3
  • 17
    • 84871544723 scopus 로고    scopus 로고
    • Working paper, Kennesaw State University and University of Kentucky
    • Chambers, D., and J. Payne. 2008. Audit Quality and Accrual Anomaly. Working paper, Kennesaw State University and University of Kentucky.
    • (2008) Audit Quality and Accrual Anomaly
    • Chambers, D.1    Payne, J.2
  • 19
    • 33750295596 scopus 로고    scopus 로고
    • Insider trading and voluntary disclosures
    • Cheng, Q., and K. Lo. 2006. Insider trading and voluntary disclosures. Journal of Accounting Research 44 (5): 815-848.
    • (2006) Journal of Accounting Research , vol.44 , Issue.5 , pp. 815-848
    • Cheng, Q.1    Lo, K.2
  • 20
    • 0000540967 scopus 로고
    • Qualified audit opinions and auditor switching
    • Chow, C., and S. Rice. 1982. Qualified audit opinions and auditor switching. The Accounting Review 57 (2): 326-335.
    • (1982) The Accounting Review , vol.57 , Issue.2 , pp. 326-335
    • Chow, C.1    Rice, S.2
  • 21
    • 0242679752 scopus 로고    scopus 로고
    • Client importance, nonaudit services, and abnormal accruals
    • Chung, H., and S. Kallapur. 2003. Client importance, nonaudit services, and abnormal accruals. The Accounting Review 78 (4): 931-955.
    • (2003) The Accounting Review , vol.78 , Issue.4 , pp. 931-955
    • Chung, H.1    Kallapur, S.2
  • 22
  • 24
    • 0036026430 scopus 로고    scopus 로고
    • Do non-audit service fees impair auditor independence? Evidence from going-concern audit opinions
    • DeFond, M., K. Raghunandan, and K. Subramanyam. 2002. Do non-audit service fees impair auditor independence? Evidence from going-concern audit opinions. Journal of Accounting Research 40 (4): 1247-1274.
    • (2002) Journal of Accounting Research , vol.40 , Issue.4 , pp. 1247-1274
    • DeFond, M.1    Raghunandan, K.2    Subramanyam, K.3
  • 25
    • 0001530356 scopus 로고
    • Predicting audit qualifications with financial and market variables
    • Dopuch, N., R. Holthausen, and R. Leftwich. 1987. Predicting audit qualifications with financial and market variables. The Accounting Review 62 (3): 431-454.
    • (1987) The Accounting Review , vol.62 , Issue.3 , pp. 431-454
    • Dopuch, N.1    Holthausen, R.2    Leftwich, R.3
  • 27
    • 3843123189 scopus 로고    scopus 로고
    • Auditor firm industry specialization and client disclosure quality
    • Dunn, K., and B. Mayhew. 2002. Auditor firm industry specialization and client disclosure quality. Review of Accounting Studies 9 (1): 35-58.
    • (2002) Review of Accounting Studies , vol.9 , Issue.1 , pp. 35-58
    • Dunn, K.1    Mayhew, B.2
  • 28
    • 0000928969 scopus 로고
    • Risk, return, and equilibrium: Empirical tests
    • Fama, E., and J. MacBeth. 1973. Risk, return, and equilibrium: Empirical tests. The Journal of Political Economy 81 (3): 607-636.
    • (1973) The Journal of Political Economy , vol.81 , Issue.3 , pp. 607-636
    • Fama, E.1    MacBeth, J.2
  • 29
    • 84944832528 scopus 로고
    • Insiders and market efficiency
    • Finnerty, J. 1976. Insiders and market efficiency. Journal of Finance 31 (4): 1141-1148.
    • (1976) Journal of Finance , vol.31 , Issue.4 , pp. 1141-1148
    • Finnerty, J.1
  • 30
    • 0011640033 scopus 로고
    • Qualified audit reports: Their impact on investment decisions
    • Firth, M. 1978. Qualified audit reports: Their impact on investment decisions. The Accounting Review 53 (3): 642-650.
    • (1978) The Accounting Review , vol.53 , Issue.3 , pp. 642-650
    • Firth, M.1
  • 31
    • 84970097245 scopus 로고
    • The incremental information content of the going concern audit opinion
    • Fleak, S., and E. Wilson. 1994. The incremental information content of the going concern audit opinion. Journal of Accounting, Auditing and Finance 9 (1): 149-166.
    • (1994) Journal of Accounting, Auditing and Finance , vol.9 , Issue.1 , pp. 149-166
    • Fleak, S.1    Wilson, E.2
  • 32
    • 72149110354 scopus 로고    scopus 로고
    • The effect of Big 4 office size on audit quality
    • Francis, J., and M. Yu. 2009. The effect of Big 4 office size on audit quality. The Accounting Review 84 (5): 1521-1552.
    • (2009) The Accounting Review , vol.84 , Issue.5 , pp. 1521-1552
    • Francis, J.1    Yu, M.2
  • 33
    • 0031116783 scopus 로고    scopus 로고
    • New evidence on the effects of federal regulations on insider trading: The insider trading and securities fraud enforcement act
    • Garfinkel, J. 1997. New evidence on the effects of federal regulations on insider trading: The insider trading and Securities Fraud Enforcement Act. Journal of Corporate Finance 3 (2): 89-111.
    • (1997) Journal of Corporate Finance , vol.3 , Issue.2 , pp. 89-111
    • Garfinkel, J.1
  • 34
    • 0002539607 scopus 로고
    • Insider trading and the exploitation of inside information: Some empirical evidence
    • Givoly, T., and D. Palmon. 1985. Insider trading and the exploitation of inside information: Some empirical evidence. Journal of Business 58 (1): 69-87.
    • (1985) Journal of Business , vol.58 , Issue.1 , pp. 69-87
    • Givoly, T.1    Palmon, D.2
  • 36
    • 59049085121 scopus 로고    scopus 로고
    • The importance of distinguishing errors from irregularities in restatement research: The case of restatements and CEO/CFO turnover
    • Hennes, K., A. Leone, and B. Miller. 2008. The importance of distinguishing errors from irregularities in restatement research: The case of restatements and CEO/CFO turnover. The Accounting Review 83 (6): 1487-1519.
    • (2008) The Accounting Review , vol.83 , Issue.6 , pp. 1487-1519
    • Hennes, K.1    Leone, A.2    Miller, B.3
  • 37
    • 69949179596 scopus 로고    scopus 로고
    • The role of audit committees in managing relationships with external auditors after SOX: Evidence from the USA
    • Hoitash, R., and U. Hoitash. 2008. The role of audit committees in managing relationships with external auditors after SOX: Evidence from the USA. Managerial Auditing Journal 24 (4): 368-397.
    • (2008) Managerial Auditing Journal , vol.24 , Issue.4 , pp. 368-397
    • Hoitash, R.1    Hoitash, U.2
  • 38
    • 0011295349 scopus 로고
    • Reexamination of auditor versus model accuracy within the context of the going-concern opinion decision
    • Hopwood, W., J. McKeown, and J. Mutchler. 1994. Reexamination of auditor versus model accuracy within the context of the going-concern opinion decision. Contemporary Accounting Research 11 (2): 295-310.
    • (1994) Contemporary Accounting Research , vol.11 , Issue.2 , pp. 295-310
    • Hopwood, W.1    McKeown, J.2    Mutchler, J.3
  • 39
    • 33846493512 scopus 로고    scopus 로고
    • Jeopardy, non-public information, and insider trading around SEC 10- K and 10-Q filings
    • Huddart, S., B. Ke, and C. Shi. 2007. Jeopardy, non-public information, and insider trading around SEC 10- K and 10-Q filings. Journal of Accounting and Economics 43 (1): 3-36.
    • (2007) Journal of Accounting and Economics , vol.43 , Issue.1 , pp. 3-36
    • Huddart, S.1    Ke, B.2    Shi, C.3
  • 40
    • 0042929878 scopus 로고    scopus 로고
    • What insiders know about future earnings and how they use it: Evidence from insider trades
    • Huddart, S., B. Ke, and K. Petroni. 2003. What insiders know about future earnings and how they use it: Evidence from insider trades. Journal of Accounting and Economics 35 (3): 315-346.
    • (2003) Journal of Accounting and Economics , vol.35 , Issue.3 , pp. 315-346
    • Huddart, S.1    Ke, B.2    Petroni, K.3
  • 41
    • 77953677346 scopus 로고    scopus 로고
    • The effect of SOX section 404: Costs, earnings quality and stock prices
    • Iliev, P. 2010. The effect of SOX section 404: Costs, earnings quality and stock prices. Journal of Finance 65 (3): 1163-1196.
    • (2010) Journal of Finance , vol.65 , Issue.3 , pp. 1163-1196
    • Iliev, P.1
  • 42
    • 0000929855 scopus 로고
    • Special information and insider trading
    • Jaffe, J. 1974. Special information and insider trading. Journal of Business 47 (3): 410-428.
    • (1974) Journal of Business , vol.47 , Issue.3 , pp. 410-428
    • Jaffe, J.1
  • 44
    • 0030100151 scopus 로고    scopus 로고
    • The information content of the auditor's going concern evaluation
    • Jones, F. 1996. The information content of the auditor's going concern evaluation. Journal of Accounting and Public Policy 15 (1): 1-27.
    • (1996) Journal of Accounting and Public Policy , vol.15 , Issue.1 , pp. 1-27
    • Jones, F.1
  • 45
    • 0001928362 scopus 로고
    • Insider trading before new issue announcement
    • Karpoff, J., and D. Lee. 1991. Insider trading before new issue announcement. Financial Management 20 (1): 18-26.
    • (1991) Financial Management , vol.20 , Issue.1 , pp. 18-26
    • Karpoff, J.1    Lee, D.2
  • 47
    • 80052229094 scopus 로고    scopus 로고
    • Nonaudit services and earnings management in the pre-SOX and post-SOX eras
    • Krishnan, J., L. Su, and Y. Zhang. 2011. Nonaudit services and earnings management in the pre-SOX and post-SOX eras. Auditing: A Journal of Practice & Theory 30 (3): 103-123.
    • (2011) Auditing: A Journal of Practice & Theory , vol.30 , Issue.3 , pp. 103-123
    • Krishnan, J.1    Su, L.2    Zhang, Y.3
  • 48
    • 84993915319 scopus 로고
    • Managers' trading around stock repurchases
    • Lee, D., W. Mikkelson, and M. Partch. 1992. Managers' trading around stock repurchases. Journal of Finance 47 (5): 1947-1961.
    • (1992) Journal of Finance , vol.47 , Issue.5 , pp. 1947-1961
    • Lee, D.1    Mikkelson, W.2    Partch, M.3
  • 50
    • 0042761643 scopus 로고    scopus 로고
    • Do companies successfully engage in opinion-shopping? Evidence from the UK
    • Lennox, C. 2000. Do companies successfully engage in opinion-shopping? Evidence from the UK. Journal of Accounting and Economics 29 (3): 321-337.
    • (2000) Journal of Accounting and Economics , vol.29 , Issue.3 , pp. 321-337
    • Lennox, C.1
  • 51
    • 62949231101 scopus 로고    scopus 로고
    • Does client importance affect auditor independence at the office level? Empirical evidence from going-concern opinions
    • Li, C. 2009. Does client importance affect auditor independence at the office level? Empirical evidence from going-concern opinions. Contemporary Accounting Research 26 (1): 201-230.
    • (2009) Contemporary Accounting Research , vol.26 , Issue.1 , pp. 201-230
    • Li, C.1
  • 52
    • 77950947816 scopus 로고    scopus 로고
    • Financial executive qualifications, financial executive turnover, and adverse SOX 404 opinions
    • Li, C., L. Sun, and M. Ettredge. 2010. Financial executive qualifications, financial executive turnover, and adverse SOX 404 opinions. Journal of Accounting and Economics 50 (1): 93-110.
    • (2010) Journal of Accounting and Economics , vol.50 , Issue.1 , pp. 93-110
    • Li, C.1    Sun, L.2    Ettredge, M.3
  • 53
    • 38349026280 scopus 로고    scopus 로고
    • Non-audit service fees and audit quality: The impact of auditor specialization
    • Lim, C., and H. Tan. 2008. Non-audit service fees and audit quality: The impact of auditor specialization. Journal of Accounting Research 46 (1): 199-246.
    • (2008) Journal of Accounting Research , vol.46 , Issue.1 , pp. 199-246
    • Lim, C.1    Tan, H.2
  • 54
    • 0041370139 scopus 로고    scopus 로고
    • Insider trading behavior prior to Chapter 11 bankruptcy announcements
    • Ma, Y. 2001. Insider trading behavior prior to Chapter 11 bankruptcy announcements. Journal of Business Research 54 (1): 63-70.
    • (2001) Journal of Business Research , vol.54 , Issue.1 , pp. 63-70
    • Ma, Y.1
  • 55
    • 78650639445 scopus 로고    scopus 로고
    • Investor reaction to going concern audit reports
    • Menon, K., and D. Williams. 2010. Investor reaction to going concern audit reports. The Accounting Review 85 (6): 2075-2105.
    • (2010) The Accounting Review , vol.85 , Issue.6 , pp. 2075-2105
    • Menon, K.1    Williams, D.2
  • 56
    • 0031502209 scopus 로고    scopus 로고
    • The influence of contrary information and mitigating factors in audit opinion decisions on bankrupt companies
    • Mutchler, J., W. Hopwood, and J. McKeown. 1997. The influence of contrary information and mitigating factors in audit opinion decisions on bankrupt companies. Journal of Accounting Research 35 (2): 295-310.
    • (1997) Journal of Accounting Research , vol.35 , Issue.2 , pp. 295-310
    • Mutchler, J.1    Hopwood, W.2    McKeown, J.3
  • 58
    • 84880086334 scopus 로고    scopus 로고
    • Insider trading and large Chapter 11 bankruptcies in USA
    • Nasser, T., and B. Gup. 2008. Insider trading and large Chapter 11 bankruptcies in USA. International Journal of Banking and Finance 5 (1): 1-29.
    • (2008) International Journal of Banking and Finance , vol.5 , Issue.1 , pp. 1-29
    • Nasser, T.1    Gup, B.2
  • 59
    • 0033163822 scopus 로고    scopus 로고
    • Voluntary disclosures and insider transactions
    • Noe, C. 1999. Voluntary disclosures and insider transactions. Journal of Accounting and Economics 27 (3): 305-326.
    • (1999) Journal of Accounting and Economics , vol.27 , Issue.3 , pp. 305-326
    • Noe, C.1
  • 60
    • 0002055340 scopus 로고
    • An analysis of auditor litigation and audit service quality
    • Palmrose, Z.-V. 1988. An analysis of auditor litigation and audit service quality. The Accounting Review 63 (1): 55-73.
    • (1988) The Accounting Review , vol.63 , Issue.1 , pp. 55-73
    • Palmrose, Z.-V.1
  • 61
    • 84990389205 scopus 로고
    • Insider trading activity surrounding annual earnings announcements
    • Park, S., H. Jang, and M. Loeb. 1995. Insider trading activity surrounding annual earnings announcements. Journal of Business Finance and Accounting 22 (4): 587-614.
    • (1995) Journal of Business Finance and Accounting , vol.22 , Issue.4 , pp. 587-614
    • Park, S.1    Jang, H.2    Loeb, M.3
  • 62
    • 84974201820 scopus 로고
    • A comparison of the information content of insider trading and management earnings forecasts
    • Penman, S. 1985. A comparison of the information content of insider trading and management earnings forecasts. Journal of Financial and Quantitative Analysis 20 (1): 1-17.
    • (1985) Journal of Financial and Quantitative Analysis , vol.20 , Issue.1 , pp. 1-17
    • Penman, S.1
  • 63
    • 0002062693 scopus 로고
    • Audit reports for companies in financial distress: Before and after SAS No. 59
    • Raghunandan, K., and D. Rama. 1995. Audit reports for companies in financial distress: Before and after SAS No. 59. Auditing: A Journal of Practice & Theory 14 (1): 50-63.
    • (1995) Auditing: A Journal of Practice & Theory , vol.14 , Issue.1 , pp. 50-63
    • Raghunandan, K.1    Rama, D.2
  • 64
    • 77249136497 scopus 로고    scopus 로고
    • The impact of sarbanes-oxley on SEC enforcement in public company disclosure cases
    • Rashkover, B., and C. Winter. 2005. The impact of Sarbanes-Oxley on SEC enforcement in public company disclosure cases. International Journal of Disclosure and Governance 2: 312-324.
    • (2005) International Journal of Disclosure and Governance , vol.2 , pp. 312-324
    • Rashkover, B.1    Winter, C.2
  • 65
    • 0000614555 scopus 로고    scopus 로고
    • Does size matter? The influence of large clients on office-level auditor reporting decisions
    • Reynolds, K., and J. Francis. 2000. Does size matter? The influence of large clients on office-level auditor reporting decisions. Journal of Accounting and Economics 30 (3): 375-400.
    • (2000) Journal of Accounting and Economics , vol.30 , Issue.3 , pp. 375-400
    • Reynolds, K.1    Francis, J.2
  • 66
    • 11244287728 scopus 로고    scopus 로고
    • The walk-down to beatable analyst forecasts: The role of equity issuance and insider trading incentives
    • Richardson, S., S. Teoh, and P. Wysocki. 2004. The walk-down to beatable analyst forecasts: The role of equity issuance and insider trading incentives. Contemporary Accounting Research 21 (4): 885-924.
    • (2004) Contemporary Accounting Research , vol.21 , Issue.4 , pp. 885-924
    • Richardson, S.1    Teoh, S.2    Wysocki, P.3
  • 67
    • 54249135945 scopus 로고    scopus 로고
    • Disclosure quality and management trading incentives
    • Rogers, J. 2008. Disclosure quality and management trading incentives. Journal of Accounting Research 46 (5): 1265-1296.
    • (2008) Journal of Accounting Research , vol.46 , Issue.5 , pp. 1265-1296
    • Rogers, J.1
  • 69
    • 0002115321 scopus 로고
    • Market efficiency and insider trading: New evidence
    • Rozeff, M., and M. Zaman. 1988. Market efficiency and insider trading: New evidence. Journal of Business 61 (1): 25-44.
    • (1988) Journal of Business , vol.61 , Issue.1 , pp. 25-44
    • Rozeff, M.1    Zaman, M.2
  • 70
    • 38249038899 scopus 로고
    • Insiders' profits, costs of trading, and market efficiency
    • Seyhun, H. 1986. Insiders' profits, costs of trading, and market efficiency. Journal of Financial Economics 16 (2): 189-212.
    • (1986) Journal of Financial Economics , vol.16 , Issue.2 , pp. 189-212
    • Seyhun, H.1
  • 71
    • 84933492218 scopus 로고
    • Effectiveness of insider trading sanctions
    • Seyhun, H. 1992. Effectiveness of insider trading sanctions. The Journal of Law and Economics 35 (1): 149-182.
    • (1992) The Journal of Law and Economics , vol.35 , Issue.1 , pp. 149-182
    • Seyhun, H.1
  • 73
    • 0040517220 scopus 로고    scopus 로고
    • Corporate bankruptcy and insider trading
    • Seyhun, H., and M. Bradley. 1997. Corporate bankruptcy and insider trading. Journal of Business 70 (2): 189-216.
    • (1997) Journal of Business , vol.70 , Issue.2 , pp. 189-216
    • Seyhun, H.1    Bradley, M.2
  • 74
    • 0001323145 scopus 로고    scopus 로고
    • Auditor resignations: Clientele effects and legal liability
    • Shu, S. 2000. Auditor resignations: Clientele effects and legal liability. Journal of Accounting and Economics 29 (2): 173-205.
    • (2000) Journal of Accounting and Economics , vol.29 , Issue.2 , pp. 173-205
    • Shu, S.1
  • 75
    • 70350227273 scopus 로고    scopus 로고
    • The association between insider trading surrounding going concern audit opinions and future bankruptcy
    • Stanley, J., F. Zoort, and G. Taylor. 2009. The association between insider trading surrounding going concern audit opinions and future bankruptcy. Management Auditing Journal 24 (3): 290-312.
    • (2009) Management Auditing Journal , vol.24 , Issue.3 , pp. 290-312
    • Stanley, J.1    Zoort, F.2    Taylor, G.3
  • 77
    • 4243479541 scopus 로고    scopus 로고
    • Did accountants fail to flag problems at dot-com casualties?
    • February 9
    • Weil, J. 2001. Did accountants fail to flag problems at dot-com casualties? Wall Street Journal (February 9).
    • (2001) Wall Street Journal
    • Weil, J.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.