The Information Content of SEC Filings and Investor Sophistication: A Variance Decomposition Analysis

• المؤلفون الرئيسيون: SEGAL, Dan, Callen, Jeffrey L., Livnat, Joshua
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2006
• الموضوعات: Accounting; Corporate Finance; Portfolio and Security Analysis
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/soa_research/806; http://dx.doi.org/10.2308/accr.2006.81.5.1017
• المؤسسة: Singapore Management University

Using the Vuolteenaho (2002) variance decomposition methodology, this study assesses the relative value relevance of cash flow, accrual, and expected return news on SEC and preliminary earnings filing dates, as measured by their contribution to the volatility of unexpected returns. Cashflow news is...