Timing and effectiveness of the release of financial results.
This is a study of the significance of abnormal stock-price returns due to information contained in two releases of financial results: first in the newspapers and subsequently in the annual reports. The findings confirm the intuition that most investors quickly assimilate and act upon the informati...
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| Main Authors: | , , |
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| Other Authors: | |
| Format: | Theses and Dissertations |
| Language: | English |
| Published: |
2010
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/42543 |
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| Institution: | Nanyang Technological University |
| Language: | English |
| Summary: | This is a study of the significance of abnormal stock-price returns due to information contained in two releases of financial results: first in the newspapers and subsequently in the annual reports. The findings confirm the intuition that most investors quickly assimilate and act upon the
information first released in the newspapers so that the subsequent release of annual reports does not result in any further abnormal returns that can be associated with earnings. |
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