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https://ruomo.lib.uom.gr/handle/7000/319
Πλήρης εγγραφή μεταδεδομένων
Πεδίο DC | Τιμή | Γλώσσα |
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dc.contributor.author | Leventis, Stergios | - |
dc.contributor.author | Dasilas, Apostolos | - |
dc.contributor.author | Owusu-Ansah, Stephen | - |
dc.date.accessioned | 2019-10-30T10:43:50Z | - |
dc.date.available | 2019-10-30T10:43:50Z | - |
dc.date.issued | 2014 | - |
dc.identifier | 10.1080/13571516.2014.947194 | en_US |
dc.identifier.issn | 1357-1516 | en_US |
dc.identifier.issn | 1466-1829 | en_US |
dc.identifier.uri | https://doi.org/10.1080/13571516.2014.947194 | en_US |
dc.identifier.uri | https://ruomo.lib.uom.gr/handle/7000/319 | - |
dc.description.abstract | This paper investigates the impact of timeliness and credit ratings on the information content of the earnings announcements of Greek listed firms from 2001 to 2008. Using the classical event study methodology and regression analysis, we find that firms tend to release good news on time and are inclined to delay the release of bad news. We also provide evidence that the level of corporate risk differentiates the information content of earnings according to the credit rating category. Specifically, firms displaying high creditworthiness enjoy positive excess returns on earnings announcement dates. In contrast, firms with low creditworthiness undergo significant share price erosions on earnings announcement days. We also observe a substitution effect between timeliness and credit ratings in relation to the information content of earnings announcements. Specifically, we find that as the credit category of earnings-announcing firms improves, the informational role of timeliness is mitigated. | en_US |
dc.language.iso | en | en_US |
dc.source | International Journal of the Economics of Business | en_US |
dc.subject | FRASCATI::Social sciences::Economics and Business::Finance | en_US |
dc.title | The Effect of Timeliness and Credit Ratings on the Information Content of Earnings Announcements | en_US |
dc.type | Article | en_US |
dc.contributor.department | Τμήμα Εφαρμοσμένης Πληροφορικής | en_US |
local.identifier.volume | 21 | en_US |
local.identifier.issue | 3 | en_US |
local.identifier.firstpage | 261 | en_US |
local.identifier.lastpage | 289 | en_US |
Εμφανίζεται στις Συλλογές: | Τμήμα Εφαρμοσμένης Πληροφορικής |
Αρχεία σε αυτό το Τεκμήριο:
Αρχείο | Περιγραφή | Μέγεθος | Μορφότυπος | |
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The effect of timeliness and credit ratings on the information content of earnings announcements. Final revision.pdf | 606,6 kB | Adobe PDF | Προβολή/Ανοιγμα |
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