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| Tekijä: | Butler, M. Kraft, A. Weiss, I.S. |
| Otsikko: | The effect of reporting frequency on the timeliness of earnings: The cases of voluntary and mandatory interim reports |
| Lehti: | Journal of Accounting & Economics
2007 : JUL, VOL. 43:2-3, p. 181-217 |
| Asiasana: | accounting financial reporting earnings disclosure information interim reports regulations USA |
| Vapaa asiasana: | agency costs |
| Kieli: | eng |
| Tiivistelmä: | This study explores whether financial reporting frequency (hereafter as: rep-frq.) affects the speed with which accounting information is reflected in security prices. Based on a sample of over 28.800 rep-frq. observations from 1950 to 1973, there is found little evidence of differences in timeliness (here as: tmlns.) btw. firms reporting quarterly and those reporting semi-annually. However, firms voluntarily increasing rep-frq. from semi-annual to quarterly experienced increased tmlns., while firms increasing due to the US Securities and Exchange Commission (SEC) regulations did not. It is concluded that there is little evidence to support the claim that regulation forcing firms to higher rep-frq. improves earnings tmlns. |
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