Hribar, P. and Jenkins, N. (2004) The Effect of Accounting Restatements on Earnings Revisions and the Estimated Cost of Capital. Review of Accounting Studies, 9, 337-356.
https://doi.org/10.1023/B:RAST.0000028194.11371.42

has been cited by the following article:

• TITLE: Financial Market Pricing of Earnings Quality: Evidence from a Multi-Factor Return Model

  AUTHORS: Gregory M. Dempster, Nathaniel T. Oliver

  KEYWORDS: Earnings Quality, Cost of Equity, Financial Markets, Multi-Factor Return Models

  JOURNAL NAME: Open Journal of Business and Management, Vol.7 No.1, January 23, 2019

  ABSTRACT: Although earnings quality has been an important part of literature in accounting and financial economics for some time, there are relatively few examples of empirical work designed to isolate the effects of variation in earnings quality on the returns to equity ownership in the marketplace. Building on the previous literature, we conduct a robust analysis of these effects by employing earnings restatements as a proxy for quality of earnings in a multi-factor return model. Our results indicate that material misstatements of earnings are priced risk factors that have persistent (long-run) impacts on equity returns. Applications to business practice are discussed in the light of these results.