An Investigation into the Capital Market Reaction on Accounting Standards Enforcement

Compliance with prevailing accounting standards is induced if the expected disadvantage due to sanctions imposed if non-compliance is detected outweighs the advantage of non-compliant accounting choices.(...)

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Year of publication:	1998-07-01
Authors:	Böckem, Hanne
Institutions:	Universität <Frankfurt, Main> / Fachbereich Wirtschaftswissenschaften
Subject:	Rechnungswesen \| Business accounting \| Kapitalmarkt \| Regulierung

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Introduction
The deterrence potential of the capital market mechanism
The Financial Reporting Review Panel (FRRP)
Creation and function
Threat potential of the FRRP
Appeal to court
The costs of an investigation
Capital market related sanction
Empirical analysis of the market reaction on PN releases
Share price reaction: an event study
Risk enhancement
Discussion of the results
Concluding remarks

Persistent link: https://www.econbiz.de/10005840396