By SIMON CONSTABLE
In business, mistakes happen all the time. But how many executives follow the rule “If you make a mess, clean it up”?
A mere one-in-six public companies almost certain to have misstated their earnings actually bothered to fix the problem, according to new research conducted by Justin Hopkins, a member of Darden’s Accounting faculty.
“You can identify firms to a high degree of likelihood whether they committed wrongdoing without their admitting to it,” says Professor Hopkins. Put bluntly, confessions aren’t required to identify the probable perpetrators. Read more here.
In business, mistakes happen all the time. But how many executives follow the rule “If you make a mess, clean it up”?
A mere one-in-six public companies almost certain to have misstated their earnings actually bothered to fix the problem, according to new research conducted by Justin Hopkins, a member of Darden’s Accounting faculty.
“You can identify firms to a high degree of likelihood whether they committed wrongdoing without their admitting to it,” says Professor Hopkins. Put bluntly, confessions aren’t required to identify the probable perpetrators. Read more here.
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