메뉴 건너뛰기




Volumn 31, Issue 1, 2008, Pages 71-104

The capital market implications of the frequency of interim financial reporting: An international analysis

Author keywords

Interim financial reporting; Quarterly financial reports; Semi annual interim reporting; Stock price volatility

Indexed keywords


EID: 42149182942     PISSN: 0924865X     EISSN: 15737179     Source Type: Journal    
DOI: 10.1007/s11156-007-0069-0     Document Type: Article
Times cited : (21)

References (32)
  • 1
    • 3042904267 scopus 로고
    • Expectations data and the predictive value of interim reports
    • Spring
    • Abdel-Khalik AR, Espejo J (1978) Expectations data and the predictive value of interim reports. J Account Res 16(Spring):1-13
    • (1978) J Account Res , vol.16 , pp. 1-13
    • Abdel-Khalik, A.R.1    Espejo, J.2
  • 2
    • 21344476134 scopus 로고
    • The relative informativeness of accounting disclosures in different countries
    • Supplement
    • Alford A, Jones J, Leftwich R, Zmijewski M (1993) The relative informativeness of accounting disclosures in different countries. J Account Res 31(supplement):183-223
    • (1993) J Account Res , vol.31 , pp. 183-223
    • Alford, A.1    Jones, J.2    Leftwich, R.3    Zmijewski, M.4
  • 3
    • 0001555526 scopus 로고
    • Market implications of pre-disclosure information: Size and exchange effects
    • January
    • Atiase R (1987) Market implications of pre-disclosure information: size and exchange effects. Account Rev 25(January):168-176
    • (1987) Account Rev , vol.25 , pp. 168-176
    • Atiase, R.1
  • 4
    • 4344674622 scopus 로고    scopus 로고
    • Risks for the long-run: A potential resolution of asset pricing puzzles
    • 4
    • Bansal R, Yaron A (2004) Risks for the long-run: a potential resolution of asset pricing puzzles. J Finan 59(4):1481-1509
    • (2004) J Finan , vol.59 , pp. 1481-1509
    • Bansal, R.1    Yaron, A.2
  • 5
    • 42149083593 scopus 로고
    • Interim financial reporting under SFAS 96 (Statement of Accounting Standards)
    • Bartsch RAJ, Read WJ (1989) Interim financial reporting under SFAS 96 (Statement of Accounting Standards). CPA J Online (August):1-5
    • (1989) CPA J Online , Issue.AUGUST , pp. 1-5
    • Raj, B.1    Read, W.J.2
  • 7
    • 0001593506 scopus 로고
    • The predictive value of interim reports for improving forecasts of future quarterly earnings
    • July
    • Brown L, Rozeff MS (1979) The predictive value of interim reports for improving forecasts of future quarterly earnings. Accounr Rev 54(July):585-591
    • (1979) Account Rev , vol.54 , pp. 585-591
    • Brown, L.1    Rozeff, M.S.2
  • 9
    • 0032771542 scopus 로고    scopus 로고
    • By force of habit: A consumption-based explanation of aggregate stock market behavior
    • 2
    • Campbell J, Cochrane J (1999) By force of habit: a consumption-based explanation of aggregate stock market behavior. J Pol Econ 107(2):205-251
    • (1999) J Pol Econ , vol.107 , pp. 205-251
    • Campbell, J.1    Cochrane, J.2
  • 10
    • 0141709061 scopus 로고    scopus 로고
    • Empirical analysis of stock returns and volatility: Evidence from Seven Asian stock markets based on TAR-GARCH model
    • 3
    • Chiang TC, Doong S-C (2001) Empirical analysis of stock returns and volatility: evidence from Seven Asian stock markets based on TAR-GARCH model. Rev Quant Finan Account 17(3):301-318
    • (2001) Rev Quant Finan Account , vol.17 , pp. 301-318
    • Chiang, T.C.1    Doong, S.-C.2
  • 11
    • 0006260747 scopus 로고    scopus 로고
    • Monetary policy rules and macroeconomic stability: Evidence and some theory
    • 1
    • Clarida R, Gali J, Gertler M (2000) Monetary policy rules and macroeconomic stability: evidence and some theory. Q J Econ 115(1):147-180
    • (2000) Q J Econ , vol.115 , pp. 147-180
    • Clarida, R.1    Gali, J.2    Gertler, M.3
  • 12
    • 84986095645 scopus 로고
    • Continuous auditing
    • Spring
    • Clark R (1989) Continuous auditing. Int Audit 4(Spring):3
    • (1989) Int Audit , vol.4 , pp. 3
    • Clark, R.1
  • 13
    • 0002393150 scopus 로고
    • Do security analysts overreact?
    • (May
    • DeBondt WFM, Thaler RH (1990) Do security analysts overreact? Am Econ Rev 80(May):52-57
    • (1990) Am Econ Rev , vol.80 , pp. 52-57
    • Debondt, W.F.M.1    Thaler, R.H.2
  • 14
    • 0346898286 scopus 로고    scopus 로고
    • Does greater firm-specific return variation mean more or less informed stock pricing?
    • December
    • Durnev A, Morck R, Yeung B, Zarowin P (2003) Does greater firm-specific return variation mean more or less informed stock pricing? J Account Res 41(December):797-836
    • (2003) J Account Res , vol.41 , pp. 797-836
    • Durnev, A.1    Morck, R.2    Yeung, B.3    Zarowin, P.4
  • 15
    • 21344495152 scopus 로고
    • Accounting disclosure practices in the United States and the United Kingdom
    • Spring
    • Frost C, Pownall G (1994) Accounting disclosure practices in the United States and the United Kingdom. J Account Res 32(Spring):74-102
    • (1994) J Account Res , vol.32 , pp. 74-102
    • Frost, C.1    Pownall, G.2
  • 16
    • 20144363719 scopus 로고    scopus 로고
    • On the frequency, quality, and information role of mandatory financial report
    • Supplement
    • Gigler F, Hemmer T (1998) On the frequency, quality, and information role of mandatory financial report. J Account Res 36(supplement):117-147
    • (1998) J Account Res , vol.36 , pp. 117-147
    • Gigler, F.1    Hemmer, T.2
  • 17
    • 4444238877 scopus 로고    scopus 로고
    • The electronic auditor
    • April
    • Helms GL (1998) The electronic auditor. J Account 185(April):45-48
    • (1998) J Account , vol.185 , pp. 45-48
    • Helms, G.L.1
  • 18
    • 42149100872 scopus 로고    scopus 로고
    • Statement of International Accounting Standards No. 34
    • International Accounting Standards Board (IASB) IASB, London
    • International Accounting Standards Board (IASB) (1998) Statement of International Accounting Standards No. 34. Interim Financial Reporting (IASB, London)
    • (1998) Interim Financial Reporting
  • 19
    • 0039447737 scopus 로고    scopus 로고
    • Has the U.S. economy become more stable? A Bayesian approach based on a Markov-switching model of the business cycle
    • 4
    • Kim C, Nelson C (1999) Has the U.S. economy become more stable? A Bayesian approach based on a Markov-switching model of the business cycle. Rev Econ Stat 81(4):608-616
    • (1999) Rev Econ Stat , vol.81 , pp. 608-616
    • Kim, C.1    Nelson, C.2
  • 20
    • 0001890588 scopus 로고
    • Market liquidity and volume around earnings announcements
    • January
    • Kim O, Verrecchia R (1994) Market liquidity and volume around earnings announcements. J Account Econ 17(January):41-67
    • (1994) J Account Econ , vol.17 , pp. 41-67
    • Kim, O.1    Verrecchia, R.2
  • 21
    • 84978575526 scopus 로고
    • Firm prominence and the differential information content of quarterly earnings announcements
    • Spring
    • Kross W, Schroeder D (1989) Firm prominence and the differential information content of quarterly earnings announcements. J Bus Finan Account 16(Spring):55-75
    • (1989) J Bus Finan Account , vol.16 , pp. 55-75
    • Kross, W.1    Schroeder, D.2
  • 22
    • 84993086837 scopus 로고
    • Spotlight on interim reporting: After 20 years, standards are out of step with current practices
    • (May
    • Lambert MR, Roy JP-E (1991) Spotlight on interim reporting: after 20 years, standards are out of step with current practices. CA Magazine 124(May):32-36
    • (1991) CA Magazine , vol.124 , pp. 32-36
    • Lambert, M.R.1    Jp-E, R.2
  • 23
    • 0002896513 scopus 로고
    • Voluntary corporate disclosure: The case of interim reporting
    • Supplement
    • Leftwich R, Watts R, Zimmerman J (1981) Voluntary corporate disclosure: the case of interim reporting. J Account Res 19(supplement):50-77
    • (1981) J Account Res , vol.19 , pp. 50-77
    • Leftwich, R.1    Watts, R.2    Zimmerman, J.3
  • 24
    • 4344604241 scopus 로고    scopus 로고
    • Institutional herding in the ADR market
    • 1
    • Li DD, Yung K (2004) Institutional herding in the ADR market. Rev Quant Finan Account 23(1):5-17
    • (2004) Rev Quant Finan Account , vol.23 , pp. 5-17
    • Li, D.D.1    Yung, K.2
  • 25
    • 0040799579 scopus 로고
    • Public disclosure, private information collection, and short-term trading
    • January
    • McNichols M, Trueman B (1994) Public disclosure, private information collection, and short-term trading. J Account Econ 17(January):69-94
    • (1994) J Account Econ , vol.17 , pp. 69-94
    • McNichols, M.1    Trueman, B.2
  • 26
    • 0036335233 scopus 로고    scopus 로고
    • Global and local information asymmetries, illiquidity, and SEC Rule 144A and Regulation S: The case of Indian GDRs
    • Pinegar JM, Ravichandran R (2002) Global and local information asymmetries, illiquidity, and SEC Rule 144A and Regulation S: the case of Indian GDRs. J Bank Finan 26:1645-1673
    • (2002) J Bank Finan , vol.26 , pp. 1645-1673
    • Pinegar, J.M.1    Ravichandran, R.2
  • 27
    • 42149095653 scopus 로고    scopus 로고
    • Large investors: Implications for equilibrium asset returns, shock absorption, and liquidity
    • Board of Governors of the Federal Reserve System
    • Pritsker M (2005) Large investors: implications for equilibrium asset returns, shock absorption, and liquidity. FEDS Working Paper 2005-36, Board of Governors of the Federal Reserve System
    • (2005) FEDS Working Paper , vol.2005 , Issue.36
    • Pritsker, M.1
  • 28
    • 0000893807 scopus 로고
    • Do stock prices move too much to be justified by subsequent changes in dividends?
    • June
    • Shiller RJ (1981) Do stock prices move too much to be justified by subsequent changes in dividends? Am Econ Rev 71(June):421-436
    • (1981) Am Econ Rev , vol.71 , pp. 421-436
    • Shiller, R.J.1
  • 29
    • 84880469104 scopus 로고
    • Concepts underlying interim financial statements
    • April
    • Shillinglaw G (1961) Concepts underlying interim financial statements. Account Rev 65(April):222-231
    • (1961) Account Rev , vol.65 , pp. 222-231
    • Shillinglaw, G.1
  • 30
    • 84910513724 scopus 로고
    • A look at published interim reports
    • January
    • Taylor R (1965) A look at published interim reports. Account Rev 69(January):89-96
    • (1965) Account Rev , vol.69 , pp. 89-96
    • Taylor, R.1
  • 31
    • 42149134561 scopus 로고    scopus 로고
    • Discussion of interim reporting frequency and financial analysts' expenditures
    • 1 & 2
    • Tippett M (2004) Discussion of interim reporting frequency and financial analysts' expenditures. J Bus Finan Account 31(1&2):199-207
    • (2004) J Bus Finan Account , vol.31 , pp. 199-207
    • Tippett, M.1
  • 32
    • 42149178114 scopus 로고    scopus 로고
    • Interim reporting frequency and financial analysts' expenditures
    • 1 & 2
    • Yee KK (2004) Interim reporting frequency and financial analysts' expenditures. J Bus Finan Account 31(1&2):167-198
    • (2004) J Bus Finan Account , vol.31 , pp. 167-198
    • Yee, K.K.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.