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What Happens in Nevada? Self-Selecting into Lax Law
We find that Nevada, the second most popular state for out-of-state incorporations and a state with lax corporate law, attracts firms that are 30-40% more likely to report financial results that later require restatement than firms incorporated in other states, including Delaware. Our results suggest that firms favoring protections for insiders select Nevada as a corporate home, and these firms are prone to financial reporting failures. We provide evidence that Nevada law also has a causal impact by increasing a Nevada firm?s propensity to report financials that require restatement..Printed Journal
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| RFS2712 | PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | Oxford Oxford University Press., |
|---|---|
| Edisi | - |
| Subjek | Corporate law Agency costs Nevada accounting restatements |
| ISBN/ISSN | 8939454 |
| Klasifikasi | - |
| Deskripsi Fisik | - |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |