Pool regression.(Not by exchange).

very interesting results.

Only Reason 8, 9 , 12 are sinificantly negative correlated with CAR.

I already download the file attached by you but don’t understand anything…Can you please explain this??

Zenghui,
  How did you get the restatement information? from the GAO? I think it is based on disclosure date,not the exactly date when firm made the fraud. If not from GAO, would you like to tell the approach to get the data? Thanks!

Guys,

I was playing with the restatement example code posted by Joost.

The reasons are listed on his tutorials. Please refer to here for more information.

http://www.wrds.us/index.php/tutorial/view/17

Zenghui

Zenghui,
I replicated the Restatement SAS study but I did not get the same result with yours

(Pool regression.(Not by exchange).

very interesting results.

Only Reason 8, 9 , 12 are significantly negative correlated with CAR.)

Do you still have the results (I know it has been many years)? Or did someone replicate that study?

Thanks.