Short-term performance of stocks after fraudulent financial reporting announcement

Author:Mehmet Eryigit
Position:Department of Business Administration, Abant Izzet Baysal University, Bolu, Turkey

Purpose Availability of accurate and reliable information in financial markets helps investors make well-informed decisions on capital allocations which is beneficial for long-term economic growth. In this regards, the role of auditing firms that inspect the financial statements of the publicly traded companies in sound operation of financial markets has been increasing. The Capital... (see full summary)

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