The value relevance of accoutning : the rest of the story
By: WALLACE, Wanda
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Material type: 
ArticlePublisher: 2000Subject(s): Restatements | Frauds | Investigations | Value Relevance | Value Line Evaluations | Stock PricesEuropean Management Journal 18, 6, p. 675-682Abstract: When a story appears in the media reporting `restattements, frauds, and investigations`, how do reported dollar effects relat to value? Declines to out half the pre-event levels are observed even when the overall market has been increasing significantly. The declines in price (cum dividend) are significantly associated with the amount of the event`s effect, as reported in the media, when concurrently controlling for earnings, industry, market and scalar (book value) effects. The Value Line evaluations of these copanies`safet, financial strength, price stability, and technical ranking all deteriorate significantly post-event. Managers evaluating their accounting and control should consider such consequences
| Item type | Current location | Collection | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
| Periódico | Biblioteca Graciliano Ramos | Periódico | Not for loan |
When a story appears in the media reporting `restattements, frauds, and investigations`, how do reported dollar effects relat to value? Declines to out half the pre-event levels are observed even when the overall market has been increasing significantly. The declines in price (cum dividend) are significantly associated with the amount of the event`s effect, as reported in the media, when concurrently controlling for earnings, industry, market and scalar (book value) effects. The Value Line evaluations of these copanies`safet, financial strength, price stability, and technical ranking all deteriorate significantly post-event. Managers evaluating their accounting and control should consider such consequences
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