The effects of corporate name changes on firm information environment and earnings management

Devos, Erik; Huang, Jianning; Zhou, Fuzhao

doi:10.1016/j.irfa.2021.101849

Cited by 10 publications

(11 citation statements)

References 39 publications

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“…The authors documented that crypto‐exuberance creates information asymmetry for firms' business description; hence, it lowers firm value following the announcement. This is consistent with Devos et al (2021) who documented that name‐change announcements create a negative market reaction. In my paper, I also perform event study to measure market reaction to name‐change announcements 13 .…”

Section: Methodssupporting

confidence: 92%

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Reputational damage and name changes: Impact of financial crimes

Unsal

2022

Corporate Governance

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Research Question: This study examines the relation between reputational issues and name-change decisions among US financial firms. I examine if financial firm name changes are related to reputational concerns and whether or not financial firms try to distance themselves from misconduct by adopting a new name.Research Findings/Insights: I document that firms adopt a new name to disassociate themselves from reputational concerns. I find that investors react negatively to name-change announcements for firms with reputational issues. My findings also suggest significant corporate upheaval following misconduct, such as dampening performance.Theoretical/Academic Implications: My research is the first to investigate market reactions to name changes in the US financial industry. My paper utilizes several unique hand-collected datasets of corporate wrongdoings, violations, frauds, and other financial crimes to measure firm reputation and test whether name changes are related to reputational concerns.Practitioner/Policy Implications: I not only measure pre-event misconducts for name changes but also analyze the future firm performance following financial misrepresentations. My paper adds to the growing literature of firm reputation, brand image, and firm value.

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Section: Methodssupporting

confidence: 92%

“…errors at firm level.the announcement. This is consistent withDevos et al (2021) who documented that name-change announcements create a negative market reaction. In my paper, I also perform event study to measure market reaction to name-change announcements.…”

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confidence: 90%

Reputational damage and name changes: Impact of financial crimes

Unsal

2022

Corporate Governance

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“…The enrollment of junior college, undergraduate, and graduate students is increasing every year; for the expansion of school running scale, the enhancement of teachers' strength [5][6][7], and the improvement of school running level, all colleges and universities must update and improve their hardware and software facilities accordingly, but these need financial support. It is more important for the school's financial management department to deploy funds wisely [8,9].…”

Section: Introductionmentioning

confidence: 99%

Research on University Financial Accounting Management System Based on Big Data and Blockchain Data Fusion

Wang

2022

Wireless Communications and Mobile Computing

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The majority of traditional finance management in colleges and universities is manual. This backward management mode brings a lot of inconvenience to financial processing. An essential concern in the daily financial administration of colleges and universities is how to efficiently gather, handle, and evaluate this important financial information and apply this beneficial knowledge to the daily management of colleges and universities. College and university finance administration has become increasingly complex due to the rapid growth of these institutions. The standard financial accounting management system is far from adequate for the daily needs of colleges and universities as their size grows. As a result, a new financial accounting management system for universities is being developed based on the combination of big data and blockchain data. The embedded processor, DDR2 memory chip, network interface, and USB interface are all designed by the hardware section. The software element examines the needs of university financial accounting management before designing a model based on big data and blockchain integration for university financial accounting management. Finally, the financial accounting management function module and database are designed and tested. The experimental results show that the designed financial accounting management system can effectively carry out financial management, has good performance, and has certain application value.

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“…The change in the names of enterprises may be the reason for this manipulation. This was pointed out by Devos et al (2021). They claim that changing the name of the enterprise may lead to the loss of a large portion of its customers and, as a result, they rely more on creative accounting to stay in business.…”

Section: Literature Reviewmentioning

confidence: 99%

The use of Beneish M-scores to reveal creative accounting: evidence from Slovakia

Ďurana

Blazek

Machová

et al. 2022

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Research background: In creative accounting, the primary goal of every enterprise is to increase and strengthen its market position. Over the years, manipulation of financial statements has also reached the territory of Central European countries, including the Slovak Republic. Therefore, an analysis was conducted to identify enterprises that handle accounting. This article focuses specifically on Sector A: agriculture, forestry, and fisheries. Purpose of the article: The aim of the article was to reveal the creative accounting practices of a sample of enterprises operating in the Slovak business environment in a sector using the Beneish model. Methods: The Beneish model was used to calculate the manipulation of enterprises? financial statements. Both variants, that is, the 5-parameter model and 8-parameter model, were used for the calculation. The results of these models were plotted using graphs and receiver operating characteristic (ROC) curves. Findings & value added: Based on the use of both variants of the Beneish model, it was proven that enterprises in the analyzed sector use the possibility of manipulating financial statements. The added value of the article is the detection of the use of creative accounting in a specific sector, which makes the study original in its application and space-time orientation.

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The effects of corporate name changes on firm information environment and earnings management

Cited by 10 publications

References 39 publications

Reputational damage and name changes: Impact of financial crimes

Reputational damage and name changes: Impact of financial crimes

Research on University Financial Accounting Management System Based on Big Data and Blockchain Data Fusion

The use of Beneish M-scores to reveal creative accounting: evidence from Slovakia

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