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題 名 | Characteristics of US Firms with Revenue-related Restatements |
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作 者 | Ragothaman, Srinivasan; Epping, Loril; | 書刊名 | Academy of Taiwan Business Management Review |
卷 期 | 6:3 2010.08[民99.08] |
頁 次 | 頁76-82 |
分類號 | 494.7 |
關鍵詞 | |
語 文 | 英文(English) |
英文摘要 | This paper uses financial statement data to explore the characteristics of US firms with revenue-related restatements. Data from COMPUSTAT are used to develop a logistic regression model to examine the relative explanatory power of selected independent variables.The variables examined include audit committee composition, audit opinion, market returns,liquidity, size, and risk. The results indicate that the composition of the audit committee, the audit opinion, and the market returns are associated with revenue-related restatements. When compared to control firms, revenue restatement firms tend to be more risky as measured by beta.Size and liquidity were not significantly different between the two groups. |
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