The Accounting Review Vol. 69 No. 2 1994
The Insurance Hypothesis and Market Prices.
Abstract
Examines the effect Laventhol & Horwath's (L&H) disclosure of their auditor's bankruptcy and the appointment of a successor auditor on the company's stock prices. Insurance hypothesis; Investors' assignment of a value to the right to recover investment losses from the auditor; Adverse effect of bankruptcy disclosure on market prices of L&H clients.
- DOI
- 10.2308/tar-9412141412
- Volume
- 69
- Issue
- 2
- Pages
- 327-342
- Language
- en
- Sources
- openalex crossref