Corporate governance and the information content of earnings announcements : a cross-country analysis

• Main Authors: Lau, Sie Ting, Shrestha, Keshab, Yu, Jing
• 其他作者: Nanyang Business School
• 格式: Article
• 語言: English
• 出版: 2018
• 主題: Corporate Governance; DRNTU::Business::Accounting; Earnings Management
• 在線閱讀: https://hdl.handle.net/10356/87986; http://hdl.handle.net/10220/46881

Using firm‐level data from 23 developed markets, we document a positive association between overall firm‐level governance quality and the informativeness of earnings announcements measured by abnormal stock return variance. This finding is robust after controlling for the potential endogeneity of fi...