haku: @author Ingram, R. W. / yhteensä: 16
viite: 5 / 16
| Tekijä: | Ingram, R. W. Raman, K. K. Wilson, E. R. |
| Otsikko: | The information in governmental annual reports: a contemporaneous price reaction approach. |
| Lehti: | Accounting Review
1989 : APR, VOL. 64:2, p. 250-268 |
| Asiasana: | GOVERNMENT BONDS BOND MARKETS FINANCIAL REPORTING DISCLOSURE SHARE PRICES RATE OF RETURN |
| Kieli: | eng |
| Tiivistelmä: | Government accounting numbers are evidently related to bond risk and return measures. However, one cannot exclude the possibility that accounting numbers merely reflect unobserved factors impounded in bond measures. The present study considers if governmental annual financial reports convey new information directly to the bond market or not. It turns out that issuer-specific accounting information may be used by bond investors, but they do not impound the information. |
SCIMA