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This paper studies the impact of public audit oversight on financial reporting credibility. We analyze changes in … filings after the new regime. Our results show that public audit oversight can enhance reporting credibility and that this … credibility is priced in capital markets …
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We document a significant positive relation between earnings announcement idiosyncratic volatility and stock returns in the 10-day window before future earnings announcements. The average of risk-adjusted return differences between stocks with the highest earnings announcement idiosyncratic...
Persistent link: https://www.econbiz.de/10013000946
We document a significant positive relation between earnings announcement idiosyncratic volatility and stock returns in the 10-day window before future earnings announcements. The average of risk-adjusted return differences between stocks with the highest earnings announcement idiosyncratic...
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We document a significant positive relation between earnings announcement idiosyncratic volatility and stock returns in the 10-day window before future earnings announcements. The average of risk-adjusted return differences between stocks with the highest earnings announcement idiosyncratic...
Persistent link: https://www.econbiz.de/10012999625
There is an extensive stream of research that documents a positive association between earnings surprises and stock returns at the individual firm level. We posit that individual firms' earnings surprises have systematic and firm-specific components that differ in their persistence, implying...
Persistent link: https://www.econbiz.de/10013112277