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...

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...