SEC Enforcement: Does Forthright Disclosure and Cooperation Really Matter?
This study examines the conditions under which the Securities and Exchange Commission (SEC) exercises enforcement leniency following a restatement…Read more
The Monetary Benefit of Cooperation in Regulatory Enforcement Actions
We examine whether monetary benefits accrue to firms that cooperate with regulators in regulatory enforcement actions for financial misrepresentation…Read more
Empirical Evidence on Repeat Restatements
This study examines the characteristics and market consequences of repeat restatements. We find that 38 percent of the restating companies in our sample…Read more