Timing and effectiveness of the release of financial results.

• Main Authors: Pius Padjar Tjukrono., Soo, Chai Chew., Tan, Sian Lip.
• Other Authors: Nanyang Business School
• Format: Theses and Dissertations
• Language: English
• Published: 2010
• Subjects: DRNTU::Business::Accounting::Reporting
• Online Access: http://hdl.handle.net/10356/42543
• Institution: Nanyang Technological University

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...