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The Capital Market Effects of Centralizing Regulated Financial Information

Sran, Gurpal - 2020

We study the relation between the centralization of regulated financial information, information asymmetry, and capital market liquidity. Specifically, we exploit the staggered implementation of digital storage and access facilities (called Officially Appointed Mechanisms, or OAMs) for regulated...

Persistent link: https://www.econbiz.de/10012825693

Did the Siebel Systems Case Limit the SEC’s Ability to Enforce Regulation Fair Disclosure?

Allee, Kristian D. - 2020

We examine whether a shock to the enforceability of Regulation Fair Disclosure (Reg FD) limited its ability to restrict the flow of private information between managers and investors. Prior work provides evidence that Reg FD reduced managers' selective disclosure of material information...

Persistent link: https://www.econbiz.de/10012848129

The Market Reaction to Earnings Announcements in Public Family Firms

Vieira, Elisabete Simões - 2017

This paper investigates the market reaction to earnings announcements in public family firms and whether this type of announcements affect firm's return, liquidity and cost of capital, providing also evidence on whether family businesses differ from non-family ones in what concerns the earnings...

Persistent link: https://www.econbiz.de/10012954292

Predictability of earnings and its impact on stock returns : evidence from India

Kundu, Sayantan; Banerjee, Aditya - In: Cogent economics & finance 9 (2021) 1, pp. 1-24

The purpose of this paper is to analyse the predictability of earnings information before the quarterly disclosure date. Two categories of firms are contrasted: the firms that announce better quarterly earnings than the prior period and the firms that do not. The paper uses a sample of 67...

Persistent link: https://www.econbiz.de/10013183853

Investor's inattention and earnings announcement effects on tomb-sweeping day in China

Feng, Qingchen; Ning, Dengyun; Zhang, Wan; Zhou, Rui - In: Credit and capital markets : Kredit und Kapital 55 (2022) 2, pp. 291-320

This study investigates the relationship between investor inattention and earnings announcement effects around a Chinese holiday called Tomb-Sweeping Day, which, unlike other holidays, is short. Not only is investor attention distracted, which can generate emotional fluctuation, but a large...

Persistent link: https://www.econbiz.de/10014518585

Detailed Management Earnings Forecasts : Do Analysts Listen?

Merkley, Kenneth J. - 2014

We provide archival evidence on how a particular type of supplementary information affects the credibility of management earnings forecasts. Managers often provide detailed forecasts of specific income statement line items to shed light on how they plan to achieve their bottom-line earnings...

Persistent link: https://www.econbiz.de/10013067301

Do IFRS-based earnings announcements : have more information content than Canadian GAAP-based earnings announcements?

Khan, Shahid; Anderson, Mark; Warsame, Hussein; Wright, … - In: Accounting perspectives : a journal of The Canadian … 14 (2015) 3, pp. 276-302

Persistent link: https://www.econbiz.de/10011409911

The effect of fair disclosure regulation on timeliness and informativeness of earnings announcements

Park, Yeonhee; Song, Inman; Yang, Dong-hoon; Hossain, Mahmud - In: China journal of accounting research : CJAR 6 (2013) 1, pp. 35-49

potentially profit from their information advantage. …

Persistent link: https://www.econbiz.de/10011825757

Trades by Insiders and the Informativeness of Earnings Announcements

Crego, Julio A. - 2020

Do insiders trade on private information about earnings? We address this question exploiting the discontinuity in the term structure of option prices around the announcement date, to obtain a daily and forward-looking measure of the informativeness of the next earnings announcement. This measure...

Persistent link: https://www.econbiz.de/10012838687

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