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The relative concentration of bad versus good news flows
Athanasakou, Vasiliki E.; Strong, Norman C; Walker, Martin - London School of Economics (LSE) - 2014
This paper examines flows of bad and good news as a feature of the firm’s information environment. We argue that to the extent that managers delay reporting bad news, this leads to bad news being more concentrated. Measuring flows of bad and good news using flows of negative and positive...
Persistent link: https://www.econbiz.de/10011126380
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The perceived credibility of forward-looking performance disclosures
Athanasakou, Vasiliki E.; Hussainey, Khaled - London School of Economics (LSE) - 2014
We investigate the credibility of forward-looking performance disclosures (FLPDs) in the narrative sections of annual … reports, as perceived by investors. Our proxy for these disclosures is an index of statements about future performance. We …
Persistent link: https://www.econbiz.de/10011126504