search query: @author Blazenko, G. W. / total: 2
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| Author: | Blazenko, G. W. |
| Title: | Corporate sales, predisclosure information, and return variability |
| Journal: | Journal of Business Finance and Accounting
1997 : JUL, VOL. 24:6, p. 833-850 |
| Index terms: | ACCOUNTING INFORMATION SYSTEMS SALES CORPORATE FINANCE |
| Language: | eng |
| Abstract: | This study investigates the determinants of return variability between accounting report and non-report periods. Relative return variability can be interpreted as an indication of the value relevance of accounting reports compared to alternative predisclosure sources. The investigation of relative return variability is import in the design and evaluation of accounting disclosure and financial statement preparation, because value relevance measures the usefulness of accounting information to investors. In this study a model of information dissemination in financial markets is developed to show that if corporate sales activity is a source of predisclosure information, the ratio of return variability between accounting reprt and non-report periods decreases in contribution margin per dollar sales. |
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