Riding a Tiger without Being Eaten - RePub - Erasmus Universiteit ...

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Table 3.17 Means of Constructs Sorted per Severity Category 210 Table 3.18 Overview of Hypotheses – Results Summary 212 Table 4.1 Overview of Interview Restatement Companies 227 Table 4.2 Interview Results and Illustrative Comments 234 Table 5.1 Gatekeepers Relative Positioning and Assigned Values – Normal Disclosure, No Restatement Situation 269 Table 5.2 Gatekeeper Relative Positioning and Assigned Values: Restatement Hits 272 Table 5.3 Gatekeeper Relative Importance 273 19
Page 1 and 2: FRED H.M. GERTSEN Riding a Tiger wi
Page 4 and 5: Riding a Tiger without Being Eaten
Page 8 and 9: Acknowledgments Boundary spanning c
Page 10 and 11: neighbours with Thomson Financial (
Page 13 and 14: 12 Table of Contents Acknowledgment
Page 15 and 16: 14 3.2.2 Nature of Analysts’ Expe
Page 17 and 18: 16 List of Figures Figure 1.1 Numbe
Page 19: 18 List of Tables Table 1.1 Inciden
Page 23: 22 two studies, and to elicit possi
Page 26 and 27: Many of the earlier accounting scan
Page 28 and 29: executive rewards culminated in the
Page 30 and 31: Next to greed, many philosophers, p
Page 32 and 33: providing guidance around the defin
Page 34 and 35: some 90 cases in 1997, to around 1,
Page 36 and 37: 1.2 Review of Restatement Studies (
Page 38 and 39: in the entity have an attitude or s
Page 40 and 41: stock ticker symbols, exchange mark
Page 42 and 43: A third report was issued pursuant
Page 44 and 45: for different countries. In the ear
Page 46 and 47: Oxley Act, the GAO was asked to stu
Page 48 and 49: • The reports show that the scope
Page 50 and 51: Bailey (2001). Also, restatements r
Page 52 and 53: Association of Securities Dealers t
Page 54 and 55: Viewing the firm as a network of co
Page 56 and 57: were followed by the issuance of a
Page 58 and 59: fraud firm. Attribution theory (and
Page 60 and 61: In Special Issues 6 and 7 (August 2
Page 62 and 63: (2006), show that short-sellers and
Page 64 and 65: independent board members (and othe
Page 66 and 67: Figure 1.3 average returNs For Frau
Page 68 and 69: 1.4 Impact of Financial Statement R
Page 70 and 71:
various partial images correspondin
Page 72 and 73:
table 1.2 comparative overview rest
Page 74 and 75:
Given the limited sample size, it i
Page 76 and 77:
1.5 Principal Research Questions an
Page 78 and 79:
as net earnings and shareholders’
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eputation is considered to be of es
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Restatements deal with misstatement
Page 84 and 85:
Figure 1.7 simpliFied typology oF r
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companies, and, in particular, the
Page 88 and 89:
Study 2 - Sub-research question 2:
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and offer suggestions for future re
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provide a theoretical framework for
Page 94 and 95:
Therefore, Study 1 aims to provide
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statements is generally greater whe
Page 98 and 99:
with respect to these five response
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case were composed in order to assi
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table 2.2 overview oF sample compaN
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2.4 Empirical Findings 2.4.1 enHanc
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this phrase, leaving analysts guess
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• The involvement of forensic acc
Page 110 and 111:
According to the U.S. General Accou
Page 112 and 113:
Confirming the Nature of the Proble
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details on the effect of the restat
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CEO or CFO to concur with this deci
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For their part, external auditors a
Page 120 and 121:
Freddie Mac The Federal Home Loan M
Page 122 and 123:
12 months, ending above the origina
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Figure 2.5 coNteNt oF media reports
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up but did not quite reach the leve
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2.5 Results Making up the Balance:
Page 130 and 131:
(which we termed ‘Purple Delusion
Page 132 and 133:
In spite of such limitation, our st
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domain - all investors have access
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their ‘traditional’ company res
Page 138 and 139:
Ramnath et al. (2008) look at Previ
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of future earnings levels of compan
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a wealth of behavioural finance lit
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3.2.4 conclusions and current limit
Page 146 and 147:
3.3 Development of Hypotheses Two s
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accelerate recovery from the damage
Page 150 and 151:
addition, Burns and Kedia (2006) fo
Page 152 and 153:
In addition to executive remunerati
Page 154 and 155:
Hambrick et al. (2005a) also identi
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Based on these considerations, we e
Page 158 and 159:
financial reporting, they are likel
Page 160 and 161:
• The corporation's remedial acti
Page 162 and 163:
H9a: The higher the perceived compe
Page 164 and 165:
Based on the considerations above,
Page 166 and 167:
to fraudulent activity cause the gr
Page 168 and 169:
Item 4.02 filing did not take place
Page 170 and 171:
existing email addresses (see above
Page 172 and 173:
personal background that might be o
Page 174 and 175:
that this bias will be less of a pr
Page 176 and 177:
tABle 3.1 reliABility MeAsures oF c
Page 178 and 179:
Construct Item name Item content Fo
Page 180 and 181:
Construct Item name Item content Fo
Page 182 and 183:
Perceived restatement causes Percei
Page 184 and 185:
and gatekeeper competence refer to
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(2) communicating openly, (3) takin
Page 188 and 189:
the restatement as severe in terms
Page 190 and 191:
analysis showed three underlying fa
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This was likely caused by the appli
Page 194 and 195:
table 3.6 Factor loadiNgs ceo behav
Page 196 and 197:
However, it should be noted that al
Page 198 and 199:
Because the questions about task ch
Page 200 and 201:
table 3.9 comparisoN oF meaNs For p
Page 202 and 203:
3.97 1.03 3.25 1.31 ... I believed
Page 204 and 205:
table 3.12 correlatioNs oF coNstruc
Page 206 and 207:
table 3.13 aNtecedeNts oF reputatio
Page 208 and 209:
Contrary to our expectations, the p
Page 210 and 211:
pressure for appropriate reputation
Page 212 and 213:
3.6 Conclusions and Discussion Our
Page 214 and 215:
Figure 3.7 iNFlueNce oF earNiNgs ma
Page 216 and 217:
during the crisis were not signific
Page 218 and 219:
Chapter 3 - Study 2: Analysts’ Pe
Page 220 and 221:
In-depth interviews with prior resp
Page 222 and 223:
4.2 Theoretical Framework In Study
Page 224 and 225:
the previous chapters, we will also
Page 226 and 227:
This possibly hints at the concept
Page 228 and 229:
online survey as well as work from
Page 230 and 231:
Also as previously noted, in terms
Page 232 and 233:
11) Did the CEO communicate open an
Page 234 and 235:
On the other hand, almost all the a
Page 236 and 237:
general evaluation of CEO (Q2b How
Page 238 and 239:
Pressures on CEO (Q 6 In your opini
Page 240 and 241:
CEO governance initiatives (Q 10 Di
Page 242 and 243:
4.5 Results summary The results of
Page 244 and 245:
pressures pushing them to play the
Page 246 and 247:
A secondary and derivative research
Page 248 and 249:
proves to be clearly at risk if com
Page 250 and 251:
depends on the behavioural traits a
Page 252 and 253:
Enron, the attorneys responsible fo
Page 254 and 255:
Finally, we were naïve about the r
Page 256 and 257:
competing companies operating withi
Page 258 and 259:
e it job security or business oppor
Page 260 and 261:
In a more recent BusinessWeek artic
Page 262 and 263:
negative statements on the CEO’s
Page 264 and 265:
5.3 Summary of Findings Our researc
Page 266 and 267:
and can we suggest improvements bot
Page 268 and 269:
addressed from a single discipline
Page 270 and 271:
ehavioural consequences of the curr
Page 272 and 273:
and proposes additional liabilities
Page 274 and 275:
Please also note the subjective ass
Page 276 and 277:
5.5 Theoretical Relevance This diss
Page 278 and 279:
In developing the concept of execut
Page 280 and 281:
in a crisis situation. While some p
Page 282 and 283:
acute information needs of analysts
Page 284 and 285:
gatekeepers in the current credit c
Page 286 and 287:
of work as promulgated by their pro
Page 288 and 289:
5.8 Agenda for Future Research Base
Page 290 and 291:
Also within the context of the ‘b
Page 292 and 293:
5.9 Concluding Remarks The avalanch
Page 294 and 295:
Barber, B., & Odean, T. 2008. All t
Page 296 and 297:
construct development and testing.
Page 298 and 299:
under- and overreactions. Journal o
Page 300 and 301:
Friesen, G., & Weller, P. A. 2006.
Page 302 and 303:
Hambrick, D., Finkelstein, S., & Mo
Page 304 and 305:
Knight, R., & Pretty, D. 1999. Corp
Page 306 and 307:
O’Connell, B. 2004. Enron.Con:
Page 308 and 309:
Roosenboom, P., van der Goot, T., &
Page 310 and 311:
Wu, M. 2004. Earnings restatements:
Page 312 and 313:
The subcommittee believes that mate
Page 314 and 315:
The current credit crisis and the e
Page 316 and 317:
23-10-2003 | Conference Call Q3 200
Page 318 and 319:
Appendix 2.3 Overview of Coding Dat
Page 320 and 321:
Appendices 319
Page 322 and 323:
Appendices 321
Page 324 and 325:
Appendices 323
Page 326 and 327:
Appendices 325
Page 328 and 329:
Appendices 327
Page 330 and 331:
Appendices 329
Page 332 and 333:
Appendices 331
Page 334 and 335:
Appendices 333
Page 336 and 337:
Appendices 335
Page 338 and 339:
Appendices 337
Page 340 and 341:
Appendices 339
Page 342 and 343:
Appendices 341
Page 344 and 345:
Appendices 343
Page 346 and 347:
Appendices 345
Page 348 and 349:
Appendices 347
Page 350 and 351:
Appendices 349
Page 352 and 353:
Construct Item number Item name Pre
Page 354:
Appendix 3.3 Partial Least Squares
Page 357 and 358:
356 de onderneming (en daarmee ster
Page 359 and 360:
358 De tweede studie gaat een nivea
Page 361 and 362:
360 zouden analisten ervan uit moet
Page 363 and 364:
362 About the Author Fred H.M. Gert
Page 365 and 366:
364 Bispo, A., Labour Market Segmen
Page 367 and 368:
366 Gilsing, V.A., Exploration, Exp
Page 369 and 370:
368 Keizer, A.B., The Changing Logi
Page 371 and 372:
370 Mentink, A., Essays on Corporat
Page 373 and 374:
372 Quak, H.J., Sustainability of U
Page 375 and 376:
374 Tuk, M.A., Is Friendship Silent
Page 378:
Erasmus Research Institute of Manag
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