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Is “Not Guilty” the Same as “Innocent”? Evidence from SEC Financial Fraud Investigations
16 references·4 citing·34 second hop
Is “Not Guilty” the Same as “Innocent”? Evidence from SEC Financial Fraud Investigations (2021)Is “Not Guilty” the Same as “Innocent”? E…Predicting Material Accounting Misstatements* (2011)Predicting Material Accountin…Who Blows the Whistle on Corporate Fraud? (2010)Who Blows the Whistle on Corp…The Cost to Firms of Cooking the Books (2008)The Cost to Firms of Cooking …Do Managers Withhold Bad News? (2008)Do Managers Withhold Bad News?The Press as a Watchdog for Accounting Fraud (2006)The Press as a Watchdog for A…Corporate Governance and Equity Prices (2003)Corporate Governance and Equi…Bad News Travels Slowly: Size, Analyst Coverage, and the Profitability of Momentum Strategies (2000)Bad News Travels Slowly: Size…The Detection of Earnings Manipulation (1999)The Detection of Earnings Man…A Unified Theory of Underreaction, Momentum Trading, and Overreaction in Asset Markets (1999)A Unified Theory of Underreac…Measuring Mutual Fund Performance with Characteristic‐Based Benchmarks (1997)Measuring Mutual Fund Perform…Do Stock Prices Fully Reflect Information in Accruals and Cash Flows about Future Earnings? (1997)Do Stock Prices Fully Reflect…A Unified Theory of Underreaction, Momentum Trading and Overreaction in Asset Markets (1997)A Unified Theory of Underreac…Do Stock Prices Fully Reflect Information in Accruals and Cash Flows About Future Earnings? (1996)Do Stock Prices Fully Reflect…Why Firms Voluntarily Disclose Bad News (1994)Why Firms Voluntarily Disclos…Disclosure, Liquidity, and the Cost of Capital (1991)Disclosure, Liquidity, and th…The effect of bonus schemes on accounting decisions (1985)The effect of bonus schemes o…When are firms on the hot seat? An analysis of SEC investigation preferences (2023)When are firms on the hot sea…Financial crime and punishment: A meta‐analysis (2023)Financial crime and punishmen…Fraud Power Laws (2022)Fraud Power LawsDo Companies Redact Material Information from Confidential SEC Filings? Evidence from the FAST Act (2022)Do Companies Redact Material …Outside directors and CEO turnover (1988)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)The economic implications of corporate financial reporting (2005)Opaque financial reports, R2, and crash risk☆ (2009)The financial reporting environment: Review of the recent literature (2010)Corporate tax avoidance and stock price crash risk: Firm-level analysis (2011)Corporate Forecasts of Earnings Per Share and Stock Price Behavior: Empirical Test (1976)Disclosure of Nonproprietary Information (1985)The conservatism principle and the asymmetric timeliness of earnings1 (1997)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)Capital markets research in accounting (2001)The Cross‐Section of Volatility and Expected Returns (2006)In Search of Attention (2011)Risk, Return, and Equilibrium: Empirical Tests (1973)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)All That Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors (2007)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Market efficiency, long-term returns, and behavioral finance1The comments of Brad Barber, David Hirshleifer, S.P. Kothari, Owen Lamont, Mark Mitchell, Hersh Shefrin, Robert Shiller, Rex Sinquefield, Richard Thaler, Theo Vermaelen, Robert Vishny, Ivo Welch, and a referee have been helpful. Kenneth French and Jay Ritter get special thanks.1 (1998)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Towards a Positive Theory of the Determination of Accounting Standards. (1978)Agency Problems and the Theory of the Firm (1980)A Review of the Earnings Management Literature and Its Implications for Standard Setting (1999)Earnings Management through Real Activities Manipulation (2003)The market pricing of accruals quality (2005)Understanding earnings quality: A review of the proxies, their determinants and their consequences (2010)Voluntary Nonfinancial Disclosure and the Cost of Equity Capital: The Initiation of Corporate Social Responsibility Reporting (2010)Editor's Choice Digesting Anomalies: An Investment ApproachInvestor Psychology and Asset Pricing (2001)… and the Cross-Section of Expected Returns (2015)How do family ownership, control and management affect firm value? (2005)How does financial reporting quality relate to investment efficiency? (2009)The Impact of Corporate Sustainability on Organizational Processes and Performance (2014)
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References

  • 2003Corporate Governance and Equity Prices6,115 cited
  • 1999A Unified Theory of Underreaction, Momentum Trading, and Overreaction in Asset Markets4,018 cited
  • 1991Disclosure, Liquidity, and the Cost of Capital3,828 cited
  • 1985The effect of bonus schemes on accounting decisions3,311 cited
  • 1997Measuring Mutual Fund Performance with Characteristic‐Based Benchmarks2,844 cited
  • 2000Bad News Travels Slowly: Size, Analyst Coverage, and the Profitability of Momentum Strategies2,639 cited
  • 1996Do Stock Prices Fully Reflect Information in Accruals and Cash Flows About Future Earnings?2,636 cited
  • 1994Why Firms Voluntarily Disclose Bad News2,435 cited
  • 2008Do Managers Withhold Bad News?2,191 cited
  • 1997Do Stock Prices Fully Reflect Information in Accruals and Cash Flows about Future Earnings?2,181 cited
  • 2010Who Blows the Whistle on Corporate Fraud?1,877 cited
  • 2011Predicting Material Accounting Misstatements*1,832 cited
  • 2008The Cost to Firms of Cooking the Books1,315 cited
  • 1999The Detection of Earnings Manipulation1,299 cited
  • 2006The Press as a Watchdog for Accounting Fraud1,049 cited

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1997
A Unified Theory of Underreaction, Momentum Trading and Overreaction in Asset Markets
1,041 cited

Cited by

  • 2023When are firms on the hot seat? An analysis of SEC investigation preferences49 cited
  • 2022Do Companies Redact Material Information from Confidential SEC Filings? Evidence from the FAST Act30 cited
  • 2023Financial crime and punishment: A meta‐analysis16 cited
  • 2022Fraud Power Laws16 cited