Retraction Statement: Analysts' Reactions to Earnings Preannouncement Strategies

• Date: 01 September 2015
• DOI: http://doi.org/10.1111/1475-679X.12084
• Published date: 01 September 2015

DOI: 10.1111/1475-679X.12084

Journal of Accounting Research

Vol. 53 No. 4 September 2015

Printed in U.S.A.

Retraction Statement: Analysts’

Reactions to Earnings

Preannouncement Strategies

The above article, published online on December 17, 2002 in Wiley Online

Library (wileyonlinelibrary.com), has been retracted by agreement between

the authors Hun-Tong Tan and Robert Libby, the journal Editors, Ray Ball,

Philip Berger, Christian Leuz, Haresh Sapra, and Douglas Skinner, The Ac-

counting Research Center at the University of Chicago Booth School of

Business and Wiley Periodicals Inc.

After receiving notice of Bentley University’s report on Dr. James E.

Hunton (available at https://www.bentley.edu/files/Hunton%20report%

20July21.pdf), the Editors contacted the authors for additional informa-

tion to help establish the validity of data that form the basis for this article.

The following retraction request was submitted by two of the three authors,

Hun-Tong Tan and Robert Libby:

“Bentley University conducted an investigation finding that Dr. J.E.

Hunton had, while a member of the Bentley University faculty and with-

out the knowledge of his co-authors, engaged in scientific misconduct [in

relation to two published articles]. Dr. Hunton gathered the data used in

this study. Therefore, we conclude that the validity of the data underlying

the experimental results cannot be confirmed, and request that this article

be retracted.”

Through his counsel, Dr. Hunton contends that the data are valid and

disagrees with the coauthors’ request to voluntarily retract the article. How-

ever, Dr. Hunton has not responded to our requests for information that

would help confirm the validity of the data.

Accordingly, two of the three authors have concluded that the validity of

the data underlying the experimental results cannot be confirmed.

The Editors consider the authors’ statements, taken together, to be suf-

ficiently clear evidence that the findings in this paper are in doubt be-

cause the validity of the underlying data cannot be confirmed. We therefore

accept Dr. Libby’sand Dr. Tan’s request that this paper be retracted and ac-

knowledge Dr. Hunton’s objection, through his counsel, to the retraction.

REFERENCE

TAN, H-T.; J. E. HUNTON;AND R. LIBBY. “Analysts’ Reactions to Earnings Preannouncement

Strategies,” Journal of Accounting Research 40 (2002): 223–24. doi: 10.1111/1475-679X.00045

907

Copyright C, University of Chicago on behalf of the Accounting Research Center,2015