Annual report restatement, media attention and corporate accounting information quality

Dan Li

Finance Research Letters, 2024, vol. 68, issue C

Abstract: This study analyzes the relationship between annual report restatement, media attention and the quality of accounting information. The findings demonstrate that annual report restatement positively impacts enterprise accounting information quality, particularly when the restatement is caused by bad news. Annual report restatement affects the quality of accounting information by affecting the stock market dynamics. Specifically, bad news restatements exert a positive effect on accounting information quality by exerting downward pressure on stock prices. Furthermore, media attention significantly enhances the positive effect of annual report restatement on the quality of accounting information.

Keywords: Annual report restatement; Media attention; Enterprise accounting information quality; Market attention; Mediating effect (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612324010110
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:68:y:2024:i:c:s1544612324010110

DOI: 10.1016/j.frl.2024.105981

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().