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Accounting Restatements and Institutional Ownership: The Case of the UK - Dissertation Example

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Masters
Dissertation
Finance & Accounting
Pages 31 (7781 words)

Summary

The occurrence of the accounting restatements has amplified considerably in the recent period. For instance, in the United States alone, the count of accounting restatement declarations increased from 90 to 1,577 during the period 1997-2006 …

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Accounting Restatements and Institutional Ownership: The Case of the UK

cal Results 29 Chapter 6: Conclusion and Implications of the Research 35 6.1 Objectives and Summary of Research 35 6.2 Summary of Results, Comparison with Previous Research Findings 36 6.3 Discussion and Conclusion 37 References 39 Appendices 51 Chapter 1: Accounting Restatements 1.1 Introduction The occurrence of the accounting restatements has amplified considerably in the recent period. For instance, in the United States alone, the count of accounting restatement declarations increased from 90 to 1,577 during the period 1997-2006 (Scholz, 2008). Consequently, there has been a development of keen interest in the reasons as well as the outcomes of the accounting restatements (Palmrose & Scholz, 2004; Hribar & Jenkins, 2004). One of the significant findings from the previous studies on accounting restatements is the extensive loss in market value that occurs when a company issues its financial restatements. ...
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