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The Impact Of Private Securities Lawsuits On Accounting Conservatism And The Moderating Influence Of Corporate Governance

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posted on 2021-12-07, 06:30 authored by Kerr, Ryan

This study investigates the impact of conduct which goes on to give rise to a securities lawsuit, and the filing of a securities lawsuit, on the level of accounting conservatism in financial reporting. This study also investigates the moderating influence of corporate governance on the level of accounting conservatism following conduct which goes on to give rise to a securities lawsuit, and the filing of a securities lawsuit. The study uses a sample of 617 privately enforced disclosure-related securities lawsuits against listed US firms, taken under SEC rule 10b-5 of the 1934 Securities Exchange Act, over the period 2002 to 2010. The results of the study indicate that following both the conduct that gives rise to a securities lawsuit, and the filing of a securities lawsuit, firms adopt higher levels of accounting conservatism. However, the study finds no evidence that corporate governance moderates the impact of securities lawsuits on the level of accounting conservatism.

History

Copyright Date

2018-01-01

Date of Award

2018-01-01

Publisher

Te Herenga Waka—Victoria University of Wellington

Rights License

Author Retains Copyright

Degree Discipline

Accounting

Degree Grantor

Te Herenga Waka—Victoria University of Wellington

Degree Level

Doctoral

Degree Name

Doctor of Philosophy

ANZSRC Type Of Activity code

2 STRATEGIC BASIC RESEARCH

Victoria University of Wellington Item Type

Awarded Doctoral Thesis

Language

en_NZ

Alternative Language

en

Victoria University of Wellington School

School of Accounting and Commercial Law

Advisors

Van Zijl, Tony; Truong, Thu Phuong