... reacts negatively to IAS 19R events, but stock price responses are insignificantly different for affected and unaffected firms, suggesting that shareholders view the standard as value neutral. However, market reactions are more negative for firms with higher bankruptcy risk. Additional analyses indicate...

... resignations from firms that commit bribery (FCPA firms) and those from firms that commit accounting fraud (FRAUD firms). To do so, it examines market reaction to announcements of briberies and accounting frauds and consequent resignations of CEOs and CFOs. Also, this study shows how firms operate...