Financial reporting fraud and other forms of misconduct: a multidisciplinary review of the literature

• 成果类型: Review
• 署名作者: Amiram, Dan; Bozanic, Zahn; Cox, James D.; Dupont, Quentin; Karpoff, Jonathan M.; Sloan, Richard
• 署名单位: Columbia University; University System of Ohio; Ohio State University; Duke University; University of Washington; University of Washington Seattle; University of California System; University of California Berkeley
• 刊物名称: REVIEW OF ACCOUNTING STUDIES
• ISSN/ISSBN: 1380-6653
• DOI: 10.1007/s11142-017-9435-x
• 发表日期: 2018
• 页码: 732-783
• 关键词: securities class-actions; class-action lawsuits; class-action settlements; stock-market reactions; earnings management; Corporate fraud; empirical-analysis; REPUTATIONAL PENALTIES; SHAREHOLDER WEALTH; equity incentives

摘要

Financial reporting fraud and other forms of financial reporting misconduct are a significant threat to the existence and efficiency of capital markets. This study reviews the literature on financial reporting misconduct from the perspectives of law, accounting, and finance. Our goals are to establish a common language for researchers interested in this line of research, describe the main findings and challenges in these literatures, and provide directions for future research. Although research on financial reporting misconduct faces challenges, those challenges provide significant opportunities to advance the literature, as the answers to many questions on financial reporting misconduct remain unsettled.