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Information content of earnings announcements around IFRS adoption and a simultaneous change in press release disclosure in Italy
Kim, Pureum; Marchini, Pier Luigi; Siciliano, Gianfranco - In: The international journal of accounting : TIJA 54 (2019) 2, pp. 1950005-1-1950005-36
Persistent link: https://www.econbiz.de/10012108735
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Do IFRS Based Earnings Announcements Have More Information Content than Canadian GAAP Based Earnings Announcements?
Khan, Shahid; Anderson, Mark C.; Warsame, Hussein A. - 2014
mandatory adoption of international financial reporting standards (IFRS) in Canada. Comparing the two exchanges is interesting … priori, it may be argued that there would be higher information content in the IFRS based earnings announcements for both … TSXV and TSX exchange firms in Canada as compared to the Canadian GAAP based earnings announcements because IFRS allows …
Persistent link: https://www.econbiz.de/10014149833
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Insider Trading and Response to Earnings Announcements : The Impact of Accelerated Disclosure Requirements
Tartaroglu, Semih - 2017
This paper contributes to the debate on the consequences of increased disclosure regulation by investigating the effects of expedited reporting requirements of Form 4 filings, mandated by the Sarbanes-Oxley Act (SOX), on the market response to earnings announcements. We first confirm that SOX...
Persistent link: https://www.econbiz.de/10012972742
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Opportunity Knocks But Once : Delayed Disclosure of Financial Items in Earnings Announcements and Neglect of Earnings News
Li, Yifan - 2019
We define a delayed disclosure ratio (DD) as the fraction of 10-Q financial statement items that are withheld at the earlier quarterly earnings announcement. We find that higher DD firms have a greater delay in investor and analyst response to earnings surprises: (i) the fraction of total market...
Persistent link: https://www.econbiz.de/10012903178
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Increased information content of earnings announcements in the 21st century : an empirical investigation
Beaver, William H.; McNichols, Maureen; Wang, Zach Z. - 2018
We examine the role of concurrent information in the striking increase in investor response to earnings announcements from 2001 to 2016, as measured by return variability and volume following Beaver (1968). We find management guidance, analyst forecasts, and disaggregated financial statement...
Persistent link: https://www.econbiz.de/10011873121
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Why Do Analysts Revise Their Stock Recommendations after Earnings Announcements?
Yezegel, Ari - 2015
Recent research finds that many analyst recommendation revisions take place shortly after earnings announcements. Altinkilic and Hansen (2009) attribute the clustering of recommendations to analysts strategically piggybacking on earnings information to improve the perceived performance of their...
Persistent link: https://www.econbiz.de/10013027345
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Do Insiders Trade on Mispricing After Earnings Announcements?
Fidrmuc, Jana P. - 2016
This paper conjectures that insiders exploit their stock's mispricing after earnings announcements to make profitable trades. We design two sets of tests to provide evidence of insider trading on mispricing of their stock. First, insiders' purchases and sales are profitable both after positive...
Persistent link: https://www.econbiz.de/10013006365
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The Relative Informativeness of GAAP and Pro Forma Earnings Announcements in France
Aubert, François - 2009
This study examines the main problem raised by pro forma earnings (or “street” earnings) because investors may have trouble focusing their attention when they are relying on this information to make decisions about investing in French publicly traded securities.This article, based on 116 pro...
Persistent link: https://www.econbiz.de/10013159216
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Information in mandatory and voluntary earnings announcement date forecasts
Barth, Mary E.; Clinch, Greg; Ma, Paul - 2018
We investigate whether mandatory earnings announcement date forecasts are informative to investors and the informational tradeoffs between mandatory and voluntary forecasts. We find: (i) The percentages of the quarter's earnings news conveyed by mandatory China and voluntary US forecasts are...
Persistent link: https://www.econbiz.de/10011980114
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Volatility and Insider Sales before Earnings Announcement
Hu, Yue - 2021
I propose to use volatility to infer opportunistic insider sales. I argue that insider sales occurring when volatility is low are suspicious and that these suspicious sales are likely to be driven by insiders’ private information for the following reasons. Suppose that insider sales are not...
Persistent link: https://www.econbiz.de/10013249279