The market effects of the German two-tier enforcement of financial reporting.

DSpace Repository

Show simple item record

dc.contributor.author Hecker, Renate de_DE
dc.contributor.author Wild, Andreas de_DE
dc.date.accessioned 2013-04-04 de_DE
dc.date.accessioned 2014-03-18T10:04:09Z
dc.date.available 2013-04-04 de_DE
dc.date.available 2014-03-18T10:04:09Z
dc.date.issued 2012 de_DE
dc.identifier.other 380915448 de_DE
dc.identifier.uri http://nbn-resolving.de/urn:nbn:de:bsz:21-opus-67691 de_DE
dc.identifier.uri http://hdl.handle.net/10900/47996
dc.description.abstract This study contributes to the literature by analyzing the potential market penalties due to financial reporting violations detected by the German enforcement regime. Event study results provide evidence that official error announcements lead to significant negative (cumulative) abnormal returns. Investigating the variation between the cumulative abnormal returns, the cross-sectional analysis indicates that companies are able to dilute the (negative) capital market reaction by releasing other (positive) information simultaneously. The negative stock market reaction is less pronounced for profit-decreasing errors. The cumulative abnormal returns are more negative for companies that have been listed for a longer period of time. en
dc.language.iso en de_DE
dc.publisher Universität Tübingen de_DE
dc.rights ubt-podok de_DE
dc.rights.uri http://tobias-lib.uni-tuebingen.de/doku/lic_mit_pod.php?la=de de_DE
dc.rights.uri http://tobias-lib.uni-tuebingen.de/doku/lic_mit_pod.php?la=en en
dc.subject.classification Bilanz , Rechnungslegung de_DE
dc.subject.ddc 330 de_DE
dc.subject.other Accounting , Financial reporting en
dc.title The market effects of the German two-tier enforcement of financial reporting. en
dc.type ResearchPaper de_DE
utue.publikation.fachbereich Wirtschaftswissenschaften de_DE
utue.publikation.fakultaet 6 Wirtschafts- und Sozialwissenschaftliche Fakultät de_DE
dcterms.DCMIType Text de_DE
utue.publikation.typ workingPaper de_DE
utue.opus.id 6769 de_DE
utue.opus.portal wiwidisk de_DE
utue.opus.portalzaehlung 334.00000 de_DE
utue.publikation.source Tübinger Diskussionsbeiträge der Wirtschaftswissenschaftlichen Fakultät ; 334 de_DE
utue.publikation.reihenname Tübinger Diskussionsbeitrag de_DE
utue.publikation.zsausgabe 334
utue.publikation.erstkatid 2136475-8

Dateien:

This item appears in the following Collection(s)

Show simple item record