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Auditor Reputation: The Impact of Critical Reports Issued by Government Inspectors
15 references·16 citing·47 second hop
Auditor Reputation: The Impact of Critical Reports Issued by Government Inspectors (1990)Auditor Reputation: The Impact of Critica…The Adjustment of Stock Prices to New Information (2003)The Adjustment of Stock Price…Measuring the Effects of Regulation with Stock Price Data (1985)Measuring the Effects of Regu…Reputation and Product Quality (1984)Reputation and Product QualityPremiums for High Quality Products as Returns to Reputations (1983)Premiums for High Quality Pro…Horizontal mergers, collusion, and stockholder wealth (1983)Horizontal mergers, collusion…Auditor Credibility and Auditor Changes (1983)Auditor Credibility and Audit…Agency Problems, Auditing, and the Theory of the Firm: Some Evidence (1983)Agency Problems, Auditing, an…Consumer Information, Product Quality, and Seller Reputation (1982)Consumer Information, Product…The Role of Market Forces in Assuring Contractual Performance (1981)The Role of Market Forces in …Intra-industry information transfers associated with earnings releases (1981)Intra-industry information tr…The Pricing of Audit Services: Theory and Evidence (1980)The Pricing of Audit Services…A Welfare Analysis of Barriers to Entry (1980)A Welfare Analysis of Barrier…A Model of Advertising and Product Quality (1978)A Model of Advertising and Pr…Tender offers and stockholder returns (1977)Tender offers and stockholder…A Simplified Model for Portfolio Analysis (1963)A Simplified Model for Portfo…How Misconduct Spreads: Auditors’ Role in the Diffusion of Stock-option Backdating (2018)How Misconduct Spreads: Audit…The Relation between Audit Fee Cuts during the Global Financial Crisis and Earnings Quality and Audit Quality (2016)The Relation between Audit Fe…Restatements: Do They Affect Auditor Reputation for Quality? (2015)Restatements: Do They Affect …Monitor objectivity with important clients: Evidence from auditor opinions around the world (2015)Monitor objectivity with impo…Internal Audits as a Source of Ethical Behavior, Efficiency, and Effectiveness in Work Units (2015)Internal Audits as a Source o…Estimation Risk and Auditor Conservatism (2015)Estimation Risk and Auditor C…Regulatory Sanctions on Independent Directors and Their Consequences to the Director Labor Market: Evidence from China (2014)Regulatory Sanctions on Indep…PCAOB Quality Control Inspection Reports and Auditor Reputation (2014)PCAOB Quality Control Inspect…How individual auditor characteristics impact the likelihood of audit failure: Evidence from China (2014)How individual auditor charac…Does the market dole out collective punishment? An empirical analysis of industry, geography, and Arthur Andersen’s reputation (2009)Does the market dole out coll…Are the Reputations of the Large Accounting Firms Really International? Evidence from the Andersen-Enron Affair (2009)Are the Reputations of the La…Nonlitigation Risk and Pricing Audit Services (2005)Nonlitigation Risk and Pricin…Is China's Securities Regulatory Agency a Toothless Tiger? Evidence from Enforcement Actions (2005)Is China's Securities Regulat…Audit fee determinants and auditor premiums: evidence from the micro-firm sub-market (2003)Audit fee determinants and au…The Impact of Litigation against an Audit Firm on the Market Value of Nonlitigating Clients (1998)The Impact of Litigation agai…Auditor Market Share, Product Differentiation and Audit Fees (1996)Auditor Market Share, Product…Information and Consumer Behavior (1970)Advertising as Information (1974)An Information Processing Theory of Consumer Choice (1979)The Digitization of Word of Mouth: Promise and Challenges of Online Feedback Mechanisms (2003)A survey of trust and reputation systems for online service provision (2005)Mergers and the Market for Corporate Control (1965)The Adjustment of Stock Prices to New Information (1969)Antitakeover charter amendments and stockholder wealth (1983)From Ambushes to Golden Parachutes: Corporate Takeovers as an Instance of Cultural Framing and Institutional Integration (1986)Merger strategies and stockholder value (1987)An Empirical Evaluation of Accounting Income Numbers (1968)The Information Content of Annual Earnings Announcements (1968)Estimating betas from nonsynchronous data (1977)Security analyst superiority relative to univariate time-series models in forecasting quarterly earnings (1987)Testing Asymmetric-Information Asset Pricing Models (2012)Using and Interpreting Fixed Effects Models (2023)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the Firm: Managerial Behavior, Agency Costs, and Ownership Structure (1979)Institutions (1991)Legislative leviathan: party government in the House (1993)Capital markets research in accounting (2001)Big 4 Office Size and Audit Quality (2009)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Job Market Signaling (1973)Transaction-Cost Economics: The Governance of Contractual Relations (1979)Buzz: face-to-face contact and the urban economy (2004)The Impact of Social Structure on Economic Outcomes (2005)FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY (1968)Auditor size and audit quality (1981)Audit Fees: A Meta‐analysis of the Effect of Supply and Demand Attributes* (2006)A review of archival auditing research (2014)Portfolio Selection: Efficient Diversification of Investments (1959)THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–1964 (1968)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Dividend Policy, Growth, and the Valuation of Shares (1961)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Behavior of Stock-Market Prices (1965)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Risk, Return, and Equilibrium: Empirical Tests (1973)Efficient Capital Markets: II (1991)A Theory of Oligopoly (1964)Risk and return: The case of merging firms (1974)MERGERS AND MARKET POWER -- EVIDENCE FROM THE AIRLINE INDUSTRY. (1993)Sources of gains in horizontal mergers: evidence from customer, supplier, and rival firms (2004)Vertical Integration and Firm Boundaries: The Evidence (2007)Asymmetric Information, Bank Lending and Implicit Contracts: A Stylized Model of Customer Relationships (1990)Initial Public Offerings and Underwriter Reputation (1990)
this work references cited by second hop

References

  • 1981The Role of Market Forces in Assuring Contractual Performance3,652 cited
  • 2003The Adjustment of Stock Prices to New Information3,063 cited
  • 1980The Pricing of Audit Services: Theory and Evidence2,841 cited
  • 1963A Simplified Model for Portfolio Analysis2,740 cited
  • 1983Premiums for High Quality Products as Returns to Reputations2,325 cited
  • 1983Agency Problems, Auditing, and the Theory of the Firm: Some Evidence1,288 cited
  • 1983Horizontal mergers, collusion, and stockholder wealth945 cited
  • 1982Consumer Information, Product Quality, and Seller Reputation843 cited
  • 1981Intra-industry information transfers associated with earnings releases592 cited
  • 1977Tender offers and stockholder returns482 cited
  • 1985Measuring the Effects of Regulation with Stock Price Data481 cited
  • 1984Reputation and Product Quality468 cited
  • 1978A Model of Advertising and Product Quality437 cited
  • 1980A Welfare Analysis of Barriers to Entry365 cited
  • 1983Auditor Credibility and Auditor Changes184 cited

Cited by

  • 2018

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How Misconduct Spreads: Auditors’ Role in the Diffusion of Stock-option Backdating
107 cited
  • 2014PCAOB Quality Control Inspection Reports and Auditor Reputation106 cited
  • 2005Nonlitigation Risk and Pricing Audit Services99 cited
  • 2015Internal Audits as a Source of Ethical Behavior, Efficiency, and Effectiveness in Work Units84 cited
  • 2016The Relation between Audit Fee Cuts during the Global Financial Crisis and Earnings Quality and Audit Quality81 cited
  • 2015Estimation Risk and Auditor Conservatism69 cited
  • 2015Restatements: Do They Affect Auditor Reputation for Quality?61 cited
  • 2005Is China's Securities Regulatory Agency a Toothless Tiger? Evidence from Enforcement Actions58 cited
  • 2014Regulatory Sanctions on Independent Directors and Their Consequences to the Director Labor Market: Evidence from China56 cited
  • 2014How individual auditor characteristics impact the likelihood of audit failure: Evidence from China56 cited
  • 1998The Impact of Litigation against an Audit Firm on the Market Value of Nonlitigating Clients55 cited
  • 1996Auditor Market Share, Product Differentiation and Audit Fees53 cited
  • 2009Are the Reputations of the Large Accounting Firms Really International? Evidence from the Andersen-Enron Affair52 cited
  • 2009Does the market dole out collective punishment? An empirical analysis of industry, geography, and Arthur Andersen’s reputation47 cited
  • 2015Monitor objectivity with important clients: Evidence from auditor opinions around the world45 cited
  • 2003Audit fee determinants and auditor premiums: evidence from the micro-firm sub-market41 cited