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Public re-release of going-concern opinions and market reaction.

Authors :
Khan, Sarfraz A.
Lobo, Gerald
Nwaeze, Emeka T.
Source :
Accounting & Business Research (Taylor & Francis); Apr2017, Vol. 47 Issue 3, p237-267, 31p
Publication Year :
2017

Abstract

A study on market reaction regarding public announcement of going-concern (GC) opinions through news media is presented. The decision of NASDAQ and AMEX stock markets, early in 2000s, to require firms listed in their exchanges to publicly announce previously disclosed information. This study found abnormal stock return volatility at the re-release of such information.

Details

Language :
English
ISSN :
00014788
Volume :
47
Issue :
3
Database :
Complementary Index
Journal :
Accounting & Business Research (Taylor & Francis)
Publication Type :
Academic Journal
Accession number :
120932358
Full Text :
https://doi.org/10.1080/00014788.2016.1255586