Nelson, Karen K.; Price, Richard A.; Rountree, Brian R. - In: Journal of Accounting and Economics 46 (2008) 2-3, pp. 279-293
This paper tests the hypothesis that negative client stock returns following the revelation that Enron documents had been shredded are attributable to confounding effects as opposed to a loss of Andersen's reputation. We find that a sharp decline in oil prices along with differences in the...
