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代表性论文

论文标题    Non-GAAP Earnings Reporting Following Going-concern Opinions
作者    Ting Zhang; So Yean Kwack; Yi Si; Gaoliang Tian
发表/完成日期    2022-12-07
期刊名称    Accounting & Finance
期卷    https://doi.org/10.1111/acfi.13028
相关文章   
论文简介    We examine non-GAAP earnings reporting following a going-concern audit opinion (GCO). Using a propensity score-matched sample, matching first-time going-concern issuing companies with firms in financial distress that did not receive a going-concern report, we find that the likelihood and frequency of non-GAAP earnings reporting are lower following GCOs. In additional analyses, we find the negative association between the announcement of GCOs and the likelihood and frequency of non-GAAP earnings reporting stronger when GCOs are issued by industry-specialist auditors and when GCOs are unexpected, but do not find litigation risk or managers' ability to affect the association. These results are consistent with a decrease in investor demand for non-GAAP earnings disclosures following GCOs.
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