The DOI matches its Crossref record; 73 of the 73 references it cites were found in a registry or an index.
A Changing of the Guard: Executive and Director Turnover Following Corporate Financial Restatements
Abstract
Using event history analysis, we found that CEOs and CFOs of firms filing a material financial restatement were more than twice as likely to exit their firms as their counterparts in a matched sample. Directors and audit committee members were approximately 70 percent more likely to exit in restatement firms. The magnitude, ubiquity, and temporal proximity of executive and director turnover following a restatement indicate that such events pose a serious threat to organizational legitimacy, independent of firm performance. Restatements therefore provide an important and unique context for studying the accountability of strategic leaders for organizational crises.
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Cites
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Cited by
Resource Dependence Theory: A Review
Hillman, A. J., Withers, M. C., & Collins, B. J. (2009) · Journal of Management · doi:10.1177/0149206309343469 · Cited by 3,178
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Watchdog or Lapdog? A Behavioral View of the Media as a Corporate Governance Mechanism
Bednar, M. K. (2012) · Academy of Management Journal · doi:10.5465/amj.2009.0862 · Cited by 503
Reputation Repair After a Serious Restatement
Chakravarthy, J., deHaan, E., & Rajgopal, S. (2014) · The Accounting Review · doi:10.2308/accr-50716 · Cited by 339
Burr Under the Saddle: How Media Coverage Influences Strategic Change
Bednar, M. K., Boivie, S., & Prince, N. R. (2013) · Organization Science · doi:10.1287/orsc.1120.0770 · Cited by 309
Metadata
- Authors
- Arthaud-Day, M. L., Certo, S. T., Dalton, C. M., & Dalton, D. R.
- Venue
- Academy of Management Journal
- Publisher
- Academy of Management
- Published
- 2006-12
- Volume
- 49
- Issue
- 6
- Pages
- 1119-1136
- ISSN
- 0001-4273 (ISSN-L)
- 1948-0989
- OpenAlex
- W2162995756
- Cited by
- 554
- References
- 73
- FWCI
- 46.30
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
