e-journal

Accounting irregularities and failure to deliver

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Purpose – The purpose of this paper is to examine the relationship between naked short selling and
accounting irregularities that cause a firm to issue a restatement.
Design/methodology/approach – Using the level of abnormal fails-to-deliver as a proxy for naked
short selling, the paper looks for evidence of increased naked short selling in anticipation of, as well as
in response to these announcements.
Findings – Larger firms and firms with a higher percentage of institutional ownership experience
greater levels of fails prior to the announcement day, while smaller firms are more likely to be targets
of naked short sellers after the announcement. The paper also finds that more transparent announcements
are associated with more abnormal fails.
Originality/value – This paper is the first research to study the relation between naked short selling
and accounting restatements.

Keywords Financial statements, Financial markets, Fails-to-deliver, Naked short selling, Accounting restatements

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Informasi Detail

Judul Seri

Managerial Finance

No. Panggil

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Penerbit

: Emerald Group.,

Deskripsi Fisik

Managerial Finance Vol. 40 No. 8, 2014 pp. 770-786

Bahasa

English

ISBN/ISSN

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Klasifikasi

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Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subjek

AKUNTANSI

Info Detail Spesifik

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Pernyataan Tanggungjawab

Asmawati/Syahrial

Versi lain/terkait

Lampiran Berkas

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