How Important Are Semi-Annual Earnings Announcements? An Information Event Perspective

Stock Price Behavior Associated with Post-1974–75 LIFO Adoptions Announced at Alternative Disclosure Times

Journal of Accounting Auditing & Finance ◽

10.1177/0148558x9601100402 ◽

1996 ◽

Vol 11 (4) ◽

pp. 535-564 ◽

Cited By ~ 6

Author(s):

Morton Pincus ◽

Charles E. Wasley

Keyword(s):

Stock Prices ◽

Stock Price ◽

Earnings Announcements ◽

Market Response ◽

Price Behavior ◽

Positive Information ◽

Earnings Announcement ◽

Earnings Growth ◽

Adoption Decision ◽

Annual Earnings

We examine the behavior of stock prices at the time of post-1974–75 LIFO adoption announcements. We exploit recent theoretical and empirical developments in the LIFO adoption literature in an attempt to resolve some of the mixed findings in Hand (1993). We study LIFO adoptions announced prior to as well as at the time of annual earnings announcements. Previous research has mostly centered on 1974–75 adoptions made at the time of annual earnings announcements. Our study of LIFO adoptions announced prior to annual earnings announcement dates enables us to provide evidence on whether the early announcement of a LIFO adoption is used by firms to signal positive information about earnings growth. Collectively, our results suggest that in explaining the market response to LIFO adoption announcements, extant models of the LIFO adoption decision do not fully capture the richness of differing inflationary environments or of alternative disclosure times.

Corporate tax avoidance and the timeliness of annual earnings announcements

Review of Quantitative Finance and Accounting ◽

10.1007/s11156-012-0333-9 ◽

2013 ◽

Vol 42 (1) ◽

pp. 51-67 ◽

Cited By ~ 10

Author(s):

Aaron D. Crabtree ◽

Thomas R. Kubick

Keyword(s):

Earnings Announcements ◽

Tax Avoidance ◽

Corporate Tax ◽

Annual Earnings

The Information Content of Annual Earnings Announcements

Journal of Accounting Research ◽

10.2307/2490070 ◽

1968 ◽

Vol 6 ◽

pp. 67 ◽

Cited By ~ 1164

Author(s):

William H. Beaver

Keyword(s):

Information Content ◽

Earnings Announcements ◽

Annual Earnings

The usefulness to individual and institutional investors of annual earnings announcements and SEC filings by non-U.S. companies

Journal of International Accounting Auditing and Taxation ◽

10.1016/s1061-9518(99)00006-3 ◽

1999 ◽

Vol 8 (1) ◽

pp. 109-131 ◽

Cited By ~ 3

Author(s):

Edwin R. Etter ◽

Lynn Rees ◽

James M. Lukawitz

Keyword(s):

Institutional Investors ◽

Earnings Announcements ◽

Annual Earnings

THE INFORMATION CONTENT OF UK ANNUAL EARNINGS ANNOUNCEMENTS: A NOTE

Accounting and Finance ◽

10.1111/j.1467-629x.1984.tb00050.x ◽

2009 ◽

Vol 24 (1) ◽

pp. 51-58 ◽

Cited By ~ 4

Author(s):

Michael Maingot

Keyword(s):

Information Content ◽

Earnings Announcements ◽

Annual Earnings

Discussion of The Information Content of Annual Earnings Announcements

Journal of Accounting Research ◽

10.2307/2490071 ◽

1968 ◽

Vol 6 ◽

pp. 93 ◽

Cited By ~ 32

Author(s):

Rex J. Bates

Keyword(s):

Information Content ◽

Earnings Announcements ◽

Annual Earnings

Discussion of “Timeliness of financial reporting, the firm size effect, and stock price reactions to annual earnings announcements”

Contemporary Accounting Research ◽

10.1111/j.1911-3846.1989.tb00723.x ◽

1989 ◽

Vol 5 (2) ◽

pp. 553-555 ◽

Cited By ~ 1

Author(s):

GORDON D. RICHARDSON

Keyword(s):

Size Effect ◽

Financial Reporting ◽

Firm Size ◽

Stock Price ◽

Earnings Announcements ◽

Price Reactions ◽

Stock Price Reactions ◽

Annual Earnings ◽

Firm Size Effect

The Association between Earnings News and The Timing of Annual Earnings Announcements

GLOBAL BUSINESS & FINANCE REVIEW ◽

10.17549/gbfr.2014.19.2.19 ◽

2014 ◽

Vol 19 (2) ◽

pp. 19-34

Author(s):

Dong-Kyoon Kim ◽

◽

Myung-soo Son ◽

Keyword(s):

Earnings Announcements ◽

Annual Earnings

Market Reaction to Annual Earnings Announcements: The Case of Euronext Paris

SSRN Electronic Journal ◽

10.2139/ssrn.498502 ◽

2004 ◽

Cited By ~ 3

Author(s):

Louhichi Wael

Keyword(s):

Market Reaction ◽

Earnings Announcements ◽

Annual Earnings

Audit Qualification and Timing of Earnings Announcements: Evidence from China

Auditing A Journal of Practice & Theory ◽

10.2308/aud.2003.22.2.121 ◽

2003 ◽

Vol 22 (2) ◽

pp. 121-146 ◽

Cited By ~ 38

Author(s):

In-Mu G. Haw ◽

Kyungjoo Park ◽

Daqing Qi ◽

Woody Wu

Keyword(s):

Capital Market ◽

Financial Distress ◽

Significant Interaction ◽

Earnings Announcements ◽

Regulatory Environment ◽

Significant Interaction Effect ◽

Earnings Surprises ◽

Audit Opinions ◽

Annual Earnings ◽

Negative Earnings

This study extends the scope of timing research to China's emerging capital market by examining the effects of audit opinions and earnings surprises on the timeliness of annual earnings announcements, after controlling for firm size, the presence of losses, financial distress, auditor switches, and changes in the Chinese regulatory environment. Based on a sample of listed Chinese firms for 1995–1999, we observe that both audit opinions and earnings surprises have significant effects, as reported in Bamber et al. (1993). We also find a significant effect attributable to the magnitude of negative earnings surprises as shown by Begley and Fischer (1998). In addition, we document a significant interaction effect between audit opinions and earnings surprises. Positive earnings surprises with modified audit opinions are announced significantly later than unqualified negative earnings surprises.