On the relationship between analyst reports and corporate disclosures: Exploring the roles of information discovery and interpretation

We examine the relationship between analyst research and corporate earnings announcements to explore the relative importance of information discovery versus interpretation of previously released information. Using equity market reaction to capture information content, we find that information discov...

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Bibliographic Details
Main Authors: CHEN, Xia, CHENG, Qiang, LO, Kin
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2010
Subjects:
Online Access:https://ink.library.smu.edu.sg/soa_research/822
https://ink.library.smu.edu.sg/context/soa_research/article/1821/viewcontent/SSRN_id917919.pdf
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Institution: Singapore Management University
Language: English