... bank failure contagion The assurance provided by auditors increases the credibility of financial reports. This credibility is particularly important to depositors given the opacity of bank balance sheets ( Morgan 2002 ). Despite the importance of financial reporting information for depositor...

...Simi Kedia; Kevin Koh; Shivaram Rajgopal ABSTRACT We examine contagion in earnings management using 2,376 restatements announced during the years 1997–2008. Controlling for industry and firm characteristics, firms are more likely to begin managing earnings after the public announcement...

... earnings when it shares a common director with a non-manipulator. Earnings management contagion is stronger when the shared director has a leadership or accounting-relevant position (e.g., audit committee chair or member) on its board or the contagious firm's board. Irregularity contagion is stronger than...

...Jere R. Francis; Paul N. Michas ABSTRACT We investigate if the existence of low-quality audits in an auditor office indicates the presence of a “contagion effect” on the quality of other (concurrent) audits conducted by the office. A low-quality audit is defined as the presence of one or more...

... which write-downs under fair value can create problems” and “more explicit about the mechanism of contagion.” Our sample consists of 150 bank holding companies with large portfolios of non-Treasury AFS and HTM securities. We conduct industry- and firm-level analyses. At the industry level, we find...