search query: @author Annaert, J. / total: 5
reference: 4 / 5
Author: | Annaert, J. |
Title: | To Be or Not Be ... 'Too Late': The Case of the Belgian Semi-annual Earnings Announcements |
Journal: | Journal of Business Finance and Accounting
2002 : VOL. 29:3-4, p. 477-496 |
Index terms: | TIME EARNINGS CASE STUDIES MODELS |
Language: | eng |
Abstract: | In this study, the authors demonstrate that the average reporting lag of Belgian interim reports is large but has decreased slightly over the years 1991 -1998. Contrary to US findings, the authors of the article show that the disclosure of interim reports containing bad (good) news is not systematically delayed (speeded up). Interim reports are value relevant since good (bad) news, according to a naive earnings expectations model, induces positive (negative) abnormal returns. The 'short term' timeliness of the information disclosure, however, seems not to matter at all. The paper provides a substantial list of references on this subject. |
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