A1 Vertaisarvioitu alkuperäisartikkeli tieteellisessä lehdessä

An analysis of the impact of varying levels of interim disclosure on Finnish share prices within five days of the announcement




TekijätSchadewitz H, Kanto A, Kahra H, Blevins D

Kustantajathe University of New Haven School of Business

KustannuspaikkaUniversity of New Haven Press, 300 Orange Avenue, West Haven, CT 06516

Julkaisuvuosi2002

JournalAmerican business review

Artikkelin numero5

Vuosikerta20

Numero2

Aloitussivu33

Lopetussivu46

ISSN0743-2348

eISSN0743-2348

Verkko-osoitehttp://www.newhaven.edu


Tiivistelmä

An investigation to determine the differences in magnitude and timing of price changes associated with three levels of voluntary disclosure. It is discovered that, when subsequent disclosure is about-as-expected, the Finnish market reacts on the day of the interim announcement and achieves its maximum degree of reaction two days after the announcement. When the level of disclosure is lower than expected, this whole process is delayed by one day. When the level of disclosure is greater-than-expected, the process is delayed by three days.



Last updated on 2024-26-11 at 23:43