Private and public disclosures and the efficiency of stock prices

Review of Accounting Studies

Volumn 1, Issue 4, 1996, Pages 285-307

  Dutta, Sunil ^a  

^a UNIVERSITY OF CALIFORNIA   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 36748999622     PISSN: 13806653     EISSN: None     Source Type: Journal    
DOI: 10.1007/BF00570834     Document Type: Article

References (23)

1. Admati,A.,andP. Pfleiderer. (1988a). "A Theory of Intraday Patterns: Volume and Price Variability." TheReview of Financial Studies 1, 3-40.
2. Admati, A., and P. Pfleiderer. (1988b). "Selling and Trading on Information in Financial Markets." American Economic Review, Papers and Proceedings, 78,95-103.
3. Allen, F. (1990). "The Market for Information and the Origin of Financial Intermediation." Journal of Financial Intermediation 1, 3-30.
4. Baiman, S., and R. Verrecchia. (1996). "The Relation among Capital Markets, Financial Disclosure, Production Efficiency, and Insider Trading." Journal of Accounting Research 34 (1), 1-22.
5. Balog, S. J. (1991). "What an Analyst Wants from You." Financial Executive July/August, 47-52.
6. Bushman, R. M., F. Gigler, and R. J. Indjejikian. (1996). "A Model of Two-Tiered Financial Reporting." Journal of Accounting Research, forthcoming.
7. Cameron, A. ( 1986). "A Review of Management's Earnings Forecast Research." Journal of Accounting Literature 5,57-83.
8. Diamond, D. S. (1985). "Optimal Release of Information by Firms." The Journal of Finance XL, 1071-94.
9. Dye, R. A. (1990). "Mandatory versus Voluntary Disclosures: the Cases of Financial and Real Externalities." The Accounting Review 65, 1-24.
10. Fishman, M. J., and K. M. Hagerty. (1989). "Disclosure Decisions by Firms and the Competition for Price Efficiency." The Journal of Finance XLIV, 633-645.
11. Fishman, M. J., and K. M. Hagerty. (1992). "Insider Trading and the Efficiency of Stock Prices." Rand Journal of Economics 23, 106-123.
12. Frankel, R., M. McNichols, and G. P. Wilson. (1995). "Discretionary Disclosure and External Financing." The Accounting Review 70, 135-150.
13. Kim, O., and R. Verrecchia. (1994). "Market Liquidity and Volume Around Earnings Announcements." Journal of Accounting and Economics 17,41-67.
14. King, R., G. Pownall, andG. Waymire. (1990). "Expectation Adjustment via Timely Earnings Forecast Disclosure: Review, Synthesis, and Suggestions for Future Research." Journal of Accounting Literature 9,113-144.
15. Kyle, A. S. (1984). "Market Structure, Information, Future Markets, and Price Formation." International Agri-cultural Trade: Advanced Readings in Price Formation, Market Structure, and Price Instability. Boulder and London: Westview Press.
16. Kyle, A. S. (1985). "Continuous Auctions and Insider Trading." Econometrica 53,1315-1335.
17. Lang, M., and R. Lundholm. (1993). "Cross-Sectional Determinants of Analyst Ratings of Corporate Disclosures." Journal of Accounting Research 31 (2), 246-271.
18. Lees, F. (1981). Public Disclosure of Corporate Earnings Forecasts. The Conference Board, Inc.
19. Lundholm, R. J. (1991). "Public Signal and the Equilibrium Allocation of Private Information." Journal of Accounting Research 29 (2), 322-349.
20. Lys, T., and S. Sohn. (1990). "The Association Between Revisions of Financial Analyst's Earnings Forecasts and Security-Price Changes." Journal of Accounting and Economics 13, 341-363.
21. Marcus, B.W. (1983). Competing for Capital in the '80s: An Investor Relations Approach. Westport, Connecticut: Quorom Books.
22. Sabino, J. S. (1993). "Analysts' Incentives to Sell Information." Working Paper, Northwestern University.
23. Shin, J. (1992). "Direct Sales of Financial Information." Working Paper, Carnegie Mellon University.