{"id":"https://openalex.org/W3121978147","doi":"https://doi.org/10.2308/accr-51096","title":"Do False Financial Statements Distort Peer Firms' Decisions?","display_name":"Do False Financial Statements Distort Peer Firms' Decisions?","publication_year":2015,"publication_date":"2015-03-01","ids":{"openalex":"https://openalex.org/W3121978147","doi":"https://doi.org/10.2308/accr-51096","mag":"3121978147"},"language":"en","primary_location":{"id":"doi:10.2308/accr-51096","doi":"https://doi.org/10.2308/accr-51096","is_oa":false,"landing_page_url":"https://doi.org/10.2308/accr-51096","pdf_url":null,"source":{"id":"https://openalex.org/S160506855","display_name":"The Accounting Review","issn_l":"0001-4826","issn":["0001-4826","1558-7967"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1-star","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","utd24","vabb-shw"],"host_organization":"https://openalex.org/P4310316290","host_organization_name":"American Accounting Association","host_organization_lineage":["https://openalex.org/P4310316290"],"host_organization_lineage_names":["American Accounting Association"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Accounting Review","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5020549055","display_name":"Valerie Li","orcid":"https://orcid.org/0000-0002-1118-7945","observed_orcids":["https://orcid.org/0000-0002-1118-7945"]},"institutions":[{"id":"https://openalex.org/I4210138624","display_name":"University of Washington Bothell","ror":"https://ror.org/02ygzhr13","country_code":"US","type":"education","lineage":["https://openalex.org/I201448701","https://openalex.org/I4210138624"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Valerie Li","raw_affiliation_strings":["University of Washington Bothell"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Washington Bothell","institution_ids":["https://openalex.org/I4210138624"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5020549055"],"corresponding_institution_ids":["https://openalex.org/I4210138624"],"apc_list":null,"apc_paid":null,"fwci":10.3053,"has_fulltext":false,"cited_by_count":100,"citation_normalized_percentile":{"value":0.97807011,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":100},"biblio":{"volume":"91","issue":"1","first_page":"251","last_page":"278"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.9951000213623047,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.9951000213623047,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.0017000000225380063,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13957","display_name":"Corporate Governance and Financial Management","score":0.001500000013038516,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/financial-statement-misstatements","display_name":"financial misreporting","score":0.9559999704360962},{"id":"https://openalex.org/keywords/false-financial-statements","display_name":"false financial statements","score":0.781000018119812},{"id":"https://openalex.org/keywords/peer-firms","display_name":"peer firms","score":0.640999972820282},{"id":"https://openalex.org/keywords/capital-budgeting","display_name":"capital budgeting","score":0.8009999990463257},{"id":"https://openalex.org/keywords/r-d-investment","display_name":"R&D investment","score":0.6790000200271606},{"id":"https://openalex.org/keywords/advertising-decisions","display_name":"advertising decisions","score":0.8259999752044678},{"id":"https://openalex.org/keywords/price-setting","display_name":"price setting","score":0.75},{"id":"https://openalex.org/keywords/sec-enforcement-actions","display_name":"SEC enforcement actions","score":0.6489999890327454},{"id":"https://openalex.org/keywords/accounting-scandals","display_name":"accounting scandals","score":0.5870000123977661},{"id":"https://openalex.org/keywords/managerial-skills","display_name":"management skills","score":0.5339999794960022},{"id":"https://openalex.org/keywords/firm-size","display_name":"firm size","score":0.7379999756813049},{"id":"https://openalex.org/keywords/information-environment","display_name":"information environment","score":0.7609999775886536},{"id":"https://openalex.org/keywords/corporate-governance","display_name":"corporate governance","score":0.35600000619888306}],"concepts":[{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6426037549972534},{"id":"https://openalex.org/C2779777834","wikidata":"https://www.wikidata.org/wiki/Q4202277","display_name":"Enforcement","level":2,"score":0.6364568471908569},{"id":"https://openalex.org/C126780896","wikidata":"https://www.wikidata.org/wiki/Q899871","display_name":"Distortion (music)","level":4,"score":0.6224527955055237},{"id":"https://openalex.org/C2908647359","wikidata":"https://www.wikidata.org/wiki/Q2625603","display_name":"Population","level":2,"score":0.5053446888923645},{"id":"https://openalex.org/C198531522","wikidata":"https://www.wikidata.org/wiki/Q485146","display_name":"Sample (material)","level":2,"score":0.4912182688713074},{"id":"https://openalex.org/C2778865806","wikidata":"https://www.wikidata.org/wiki/Q6060850","display_name":"Investment decisions","level":3,"score":0.43506523966789246},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.40257054567337036},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.37867090106010437},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3427696228027344},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3324435353279114},{"id":"https://openalex.org/C109574028","wikidata":"https://www.wikidata.org/wiki/Q647525","display_name":"Behavioral economics","level":2,"score":0.13296952843666077},{"id":"https://openalex.org/C43617362","wikidata":"https://www.wikidata.org/wiki/Q170050","display_name":"Chromatography","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C24326235","wikidata":"https://www.wikidata.org/wiki/Q126095","display_name":"Electronic engineering","level":1,"score":0.0},{"id":"https://openalex.org/C149923435","wikidata":"https://www.wikidata.org/wiki/Q37732","display_name":"Demography","level":1,"score":0.0},{"id":"https://openalex.org/C194257627","wikidata":"https://www.wikidata.org/wiki/Q211554","display_name":"Amplifier","level":3,"score":0.0},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.0},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C46362747","wikidata":"https://www.wikidata.org/wiki/Q173431","display_name":"CMOS","level":2,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.2308/accr-51096","doi":"https://doi.org/10.2308/accr-51096","is_oa":false,"landing_page_url":"https://doi.org/10.2308/accr-51096","pdf_url":null,"source":{"id":"https://openalex.org/S160506855","display_name":"The Accounting Review","issn_l":"0001-4826","issn":["0001-4826","1558-7967"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1-star","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","utd24","vabb-shw"],"host_organization":"https://openalex.org/P4310316290","host_organization_name":"American Accounting Association","host_organization_lineage":["https://openalex.org/P4310316290"],"host_organization_lineage_names":["American Accounting Association"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Accounting Review","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":68,"referenced_works":["https://openalex.org/W43469901","https://openalex.org/W1494322119","https://openalex.org/W1498970586","https://openalex.org/W1507782914","https://openalex.org/W1537543935","https://openalex.org/W1544152215","https://openalex.org/W1677595927","https://openalex.org/W1769382396","https://openalex.org/W1928956224","https://openalex.org/W1975638766","https://openalex.org/W1976912774","https://openalex.org/W1992598870","https://openalex.org/W2002186646","https://openalex.org/W2003994187","https://openalex.org/W2016808053","https://openalex.org/W2026572607","https://openalex.org/W2031861336","https://openalex.org/W2047134779","https://openalex.org/W2053121708","https://openalex.org/W2057190074","https://openalex.org/W2063386458","https://openalex.org/W2072612324","https://openalex.org/W2073848947","https://openalex.org/W2084956342","https://openalex.org/W2090233233","https://openalex.org/W2092439851","https://openalex.org/W2092531699","https://openalex.org/W2113814105","https://openalex.org/W2120378824","https://openalex.org/W2133946264","https://openalex.org/W2136525652","https://openalex.org/W2137286633","https://openalex.org/W2145788913","https://openalex.org/W2149088624","https://openalex.org/W2164407319","https://openalex.org/W2172399901","https://openalex.org/W2315678552","https://openalex.org/W2332064870","https://openalex.org/W2338519380","https://openalex.org/W2341795385","https://openalex.org/W2515812243","https://openalex.org/W2889572517","https://openalex.org/W3121131820","https://openalex.org/W3121196593","https://openalex.org/W3121758159","https://openalex.org/W3121885868","https://openalex.org/W3121930451","https://openalex.org/W3122094160","https://openalex.org/W3122110797","https://openalex.org/W3122326899","https://openalex.org/W3122385450","https://openalex.org/W3122547505","https://openalex.org/W3122978481","https://openalex.org/W3123595788","https://openalex.org/W3123833694","https://openalex.org/W3123938212","https://openalex.org/W3124144162","https://openalex.org/W3124365414","https://openalex.org/W3124462827","https://openalex.org/W3124676338","https://openalex.org/W3124866301","https://openalex.org/W3125615571","https://openalex.org/W3125769017","https://openalex.org/W3125967361","https://openalex.org/W4239467316","https://openalex.org/W4248114030","https://openalex.org/W4301031038","https://openalex.org/W6631950131"],"related_works":["https://openalex.org/W2050063972","https://openalex.org/W470084","https://openalex.org/W2991328400","https://openalex.org/W3122385450","https://openalex.org/W3158784611","https://openalex.org/W3037864857","https://openalex.org/W7037815019","https://openalex.org/W7128366967","https://openalex.org/W7097605857","https://openalex.org/W6963627179"],"abstract_inverted_index":{"ABSTRACT":[0],"Beatty,":[1],"Liao,":[2],"and":[3,28,59,89,117,135,142,151,173],"Wu":[4],"(2013)":[5,52],"document":[6,98],"that":[7,99,164],"financial":[8,45,169],"misreporting":[9],"by":[10,48,138],"prominent":[11],"firms":[12,24,82,150,158],"distorts":[13],"peer":[14,81,108],"firms'":[15,109,113],"capital":[16,74],"investment":[17],"decisions.":[18],"Using":[19],"a":[20,64],"large":[21],"sample":[22],"of":[23,44,102,168],"subject":[25],"to":[26,56,63,73,79,86],"SEC":[27],"DOJ":[29],"enforcement":[30],"actions":[31],"for":[32,132,145],"accounting":[33],"misstatements,":[34],"I":[35,97,128],"establish":[36],"three":[37],"important":[38],"generalizations.":[39],"First,":[40],"the":[41,68,100,103,111,118,124,153,165],"adverse":[42],"effect":[43,167],"misstatements":[46,170],"documented":[47,177],"Beatty":[49],"et":[50],"al.":[51],"is":[53,171],"not":[54,71],"limited":[55],"high-profile":[57],"scandals":[58],"can":[60],"be":[61],"generalized":[62],"larger":[65,133,143,172],"population.":[66],"Second,":[67],"distortions":[69,131,144],"are":[70],"confined":[72],"investments;":[75],"they":[76],"also":[77],"extend":[78],"choices":[80],"make":[83],"with":[84,92,107],"respect":[85],"R&D,":[87],"advertising,":[88],"pricing":[90],"policies\u2014decisions":[91],"immediate":[93],"bottom-line":[94],"impact.":[95],"Third,":[96],"magnitude":[101],"distortion":[104],"varies":[105],"predictably":[106],"characteristics,":[110],"misstating":[112,149],"external":[114],"information":[115,120],"environment,":[116],"industry-specific":[119],"environment":[121],"within":[122],"which":[123,156],"misstatement":[125],"occurs.":[126],"Specifically,":[127],"find":[129],"smaller":[130],"peers":[134,136],"managed":[137],"more":[139,146,157,174],"able":[140],"managers,":[141],"widely":[147],"followed":[148],"in":[152,155,178],"industries":[154],"misstate.":[159],"Collectively,":[160],"my":[161],"results":[162],"suggest":[163],"distortive":[166],"pervasive":[175],"than":[176],"prior":[179],"research.":[180]},"counts_by_year":[{"year":2026,"cited_by_count":17},{"year":2025,"cited_by_count":13},{"year":2024,"cited_by_count":15},{"year":2023,"cited_by_count":20},{"year":2022,"cited_by_count":6},{"year":2021,"cited_by_count":2},{"year":2020,"cited_by_count":9},{"year":2019,"cited_by_count":11},{"year":2018,"cited_by_count":4},{"year":2017,"cited_by_count":2},{"year":2016,"cited_by_count":1}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2021-02-01T00:00:00"}