Beaver (1968) Revisited: Has the Information Content of Annual Earnings Announcements Declined in the Past Three Decades?

2000 ◽  
Author(s):  
Wayne R. Landsman ◽  
Edward L. Maydew
Keyword(s):  
Information Content ◽  
Earnings Announcements ◽  
The Past ◽  
Annual Earnings

The Information Content of Annual Earnings Announcements

1968 ◽  
Vol 6 ◽  
pp. 67 ◽  
Author(s):  
William H. Beaver
Keyword(s):  
Information Content ◽  
Earnings Announcements ◽  
Annual Earnings

THE INFORMATION CONTENT OF UK ANNUAL EARNINGS ANNOUNCEMENTS: A NOTE

2009 ◽  
Vol 24 (1) ◽  
pp. 51-58 ◽  
Author(s):  
Michael Maingot
Keyword(s):  
Information Content ◽  
Earnings Announcements ◽  
Annual Earnings

Discussion of The Information Content of Annual Earnings Announcements

1968 ◽  
Vol 6 ◽  
pp. 93 ◽  
Author(s):  
Rex J. Bates
Keyword(s):  
Information Content ◽  
Earnings Announcements ◽  
Annual Earnings

scholarly journals A longitudinal analysis for informativeness of earnings announcements in Borsa Istanbul

2019 ◽  
Vol 3 (2) ◽  
pp. 179-187
Author(s):  
Aykut Ahlatcioglu ◽  
Nesrin Okay
Keyword(s):  
Information Content ◽  
Time Trend ◽  
Information Dissemination ◽  
Emerging Market ◽  
Earnings Announcements ◽  
Information Value ◽  
Data Sets ◽  
Content Type ◽  
Positive Time ◽  
Annual Earnings

Purpose The purpose of this paper is to assess the information value of earnings announcements for the 2007–2017 period in Borsa Istanbul. Design/methodology/approach Abnormal volatility (AVOL) and abnormal absolute return (AAR) in the three-day window around the earnings announcement are used as proxies for information content. A pooled regression of AVOL and AAR is conducted to test for the existence of information content and analyze its time trend along with its determinants. Findings The authors find significantly positive AVOL and AAR which shows that earnings have information content for investors during the sample period. Furthermore, both proxies demonstrate a positive time trend after controlling for various firm characteristics and surprise measures. The authors take this as evidence that overall informativeness of earnings has increased over time. The authors observe that this increase is most prevalent for growth companies and earnings announcements with high absolute surprise. This study provides partial support for the hypothesis that value of earnings announcements has increased after an improvement in information dissemination technology with the inception of the online disclosure platform, KAP. Practical implications Understanding information value of earnings announcements is of interest for companies which prepare earnings reports, regulators who set standards on their content and frequency and investors which make investment decisions based on information released at these announcements. Originality/value There had been few non-US studies related to information value of earnings announcements. The overwhelming majority of these are conducted using limited data sets from the latter part of the last century and only analyze annual earnings announcements. The authors aim to shed light on the subject using a broad and recent sample of quarterly earnings announcements from a major emerging market, Turkey.

Has the Information Content of Quarterly Earnings Announcements Declined in the Past Three Decades?

2002 ◽  
Vol 40 (3) ◽  
pp. 797-808 ◽  
Author(s):  
Wayne R. Landsman ◽  
Edward L. Maydew
Keyword(s):  
Information Content ◽  
Earnings Announcements ◽  
Quarterly Earnings ◽  
The Past

The information content of annual earnings announcements and mandatory adoption of IFRS

2012 ◽  
Vol 53 (1-2) ◽  
pp. 34-54 ◽  
Author(s):  
Wayne R. Landsman ◽  
Edward L. Maydew ◽  
Jacob R. Thornock
Keyword(s):  
Information Content ◽  
Earnings Announcements ◽  
Mandatory Adoption ◽  
Annual Earnings

Investor protection and the information content of annual earnings announcements: International evidence

2007 ◽  
Vol 43 (1) ◽  
pp. 37-67 ◽  
Author(s):  
Mark DeFond ◽  
Mingyi Hung ◽  
Robert Trezevant
Keyword(s):  
Information Content ◽  
Investor Protection ◽  
Earnings Announcements ◽  
International Evidence ◽  
Annual Earnings

Information Content of Annual Earnings Announcements Revisited

1980 ◽  
Vol 18 (2) ◽  
pp. 574 ◽  
Author(s):  
Andrews Oppong
Keyword(s):  
Information Content ◽  
Earnings Announcements ◽  
Annual Earnings
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