The Impact of Accounting Restatements on a Firm’s Cost of Public Debt
This study extends the growing literature (e.g., Kinney and McDaniel (1989), Richardson et al. (2002), Palmrose et al. (2004), Desai et al. (2006)) on restatements of financial statements of companies due to non-GAAP reporting.2 This paper examines the influence of announcing an accounting restatement of previously filed financial statements on a firm’s cost of public debt, while prior event study literature on restatements (e.g., Kinney and McDaniel (1989), Anderson and Yohn (2002), and Palmrose, Richardson, and Scholz (2004)) pays attention to stock holders’ reactions after the restatement announcement.
Volume (Year): LIV (2009)
Issue (Month): 2 ()
|Contact details of provider:|| Postal: |
Web page: http://www.econ.kuleuven.be
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:ete:revbec:20090203. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Hilde Roos)
If references are entirely missing, you can add them using this form.