共 50 条
- [22] Good news and bad newsEnvironmental Biology of Fishes, 2003, 67 (1) : 101 - 102Edwin P. Pister
- [25] Good News and Bad NewsCATHETERIZATION AND CARDIOVASCULAR INTERVENTIONS, 2016, 88 (03) : 444 - 445Hagler, Donald J.
Does good news cover bad news?
被引：0
|作者：
Meng, Qingbin
[1
]
Ke, Shaojing
[2
]
Zhao, Daxuan
[1
]
Chu, Yongqiang
[3
]
机构：
[1] Renmin Univ China, Sch Business, Dept Finance, Beijing, Peoples R China
[2] Cent Univ Finance & Econ, Sch Finance, Beijing, Peoples R China
[3] Univ North Carolina Charlotte, Belk Coll Business, Dept Finance, Charlotte, NC USA
关键词：
annual report;
bundling disclosure;
Chinese stock market;
earnings surprise;
market responses;
EARNINGS NEWS;
DISCLOSURE;
FORECASTS;
D O I：
10.1111/jbfa.12779
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Does good news cover bad news? We present evidence from the Chinese stock market, in which the fiscal year is always the same as the calendar year. Listed firms are required to announce their annual report by the end of April, coinciding with the deadline for the release of their first-quarter reports. We find that firms with negative earnings surprises in the previous year are more likely to postpone the announcement of their annual report until they announce their first-quarter report. However, we find no evidence to suggest that this bundling disclosure weakens market responses to information in annual reports.
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页码：2181 / 2200
页数：20
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