The Australian Securities and Investments Commission (ASIC) regards continuous disclosure by listed companies as “fundamental to market integrity” and “a central tenet of fair and efficient financial markets”. Given the importance placed upon the continuous disclosure laws, there is,...

We examine the investor reaction to misstatement news for Australian listed firms from 2006 to 2013. We find 4.1% of firm-years have a misstatement and 79% of misstatements are disclosed initially only in the periodic filings (stealth misstatements). We find no investor reaction for the average...

We examine the factors associated with the establishment of an environmental committee at the board level and its impact on the disclosure of environmental risks in an Australian context. Using a sample of Australian Stock Exchange firms disclosing their information to the Carbon Disclosure...