作者：Chen, Feng; Hou, Yu; Richardson, Gordon; Ye, Minlei
作者单位：University of Toronto; Queens University - Canada
摘要：This paper hypothesizes and finds that firms audited by city-industry specialists have more timely disclosures of contingent losses from litigation when there is no news coverage relating to the legal case prior to management disclosures. A closer examination reveals that this result is explained by the specialist auditors' prior experience auditing clients in the same office and industry who are involved with litigation. In our setting, disclosures of litigation-related contingent losses, we ...
