This study seeks to examine the impact of the continuous disclosure regulatory reform on the likelihood, frequency and qualitative characteristics of management earnings forecasts in New Zealand where a low private litigation environment prevails. This provides a unique opportunity to study the...

In contrast to the trend of research investigating why firms decide to release earnings forecasts to pre-empt any expected change in earnings, our study investigates how firms manage their earnings forecast strategy once they have decided to release earnings forecasts. Using a sample of 350...

Since December 1st, 2002, the New Zealand Stock Exchange's (NZX) continuous disclosure listing rules have operated with statutory backing. To test the effectiveness of the new corporate disclosure regime, we compare the change in quantity (frequency), quality (precision and accuracy), and...

We examine the influence of three external corporate governance mechanisms - continuous disclosure regulatory reform, analyst following and ownership concentration and one internal corporate governance mechanism - board structure, on the likelihood, frequency, horizon, precision and accuracy of...

Our study examines the relationship between board gender diversity and firm value and, in particular, whether the value relevance of female directors is affected by the level of growth options relative to assets-in-place. Using a sample of 865 firm-years covered by 125 firms listed on the New...

Our study seeks to investigate changes in the market reaction to earnings-related disclosures following the introduction of the New Zealand continuous disclosure reform. We further extend to study whether these changes are different when there exist the alternative sources of earnings-related...

Our study examines the relationship between four indicators of board structure and firm value and the extent to which this relationship may be affected by the level of growth options relative to assets-in-place. These indicators are the level of accounting expertise, gender diversity, the level...