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Analyst forecasts and stock price informativeness: Some international evidence on the role of audit quality
Chee Seng Cheong,Ralf Zurbruegg +1 more
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In this article, the authors examine the role that audit quality has on the type of information analysts impound into stock prices across a sample of developed and emerging markets, and investigate the amount of firm-specific versus market-wide information analysts reveal by analyzing stock return synchronicity.About:
This article is published in Journal of Contemporary Accounting & Economics.The article was published on 2016-12-01. It has received 15 citations till now. The article focuses on the topics: Quality audit & Audit.read more
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Accounting quality and stock price informativeness: a cross-country study
TL;DR: In this paper, the authors investigated how accounting quality impacts the incorporation of firm-specific information into stock prices using data from 18 developed countries that apply IFRS, during the p...
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Board structure, considerable capital, and stock price overreaction informativeness in terms of technical indicators
TL;DR: Wang et al. as mentioned in this paper proposed two new proxies for share price informativeness, namely, days of overbought (DOB) and days of oversimplified (DOS), which are defined, respectively, as the number of days falling into the RSI-defined overbounded and oversold zones over the total number of trading days in a year.
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Economic policy uncertainty and stock price informativeness
Liang Tang,Xiangyu Wan +1 more
TL;DR: In this paper , the effect of economic policy uncertainty on stock price informativeness was examined and a positive association was found between policy uncertainty and stock price in firms with private ownership, centralized equity and smaller financial risk listed companies.
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ESG performance, auditing quality, and investment efficiency: Empirical evidence from China
Wen-Bo Wang,Yanyan Yu,Xuan Li +2 more
TL;DR: Li et al. as discussed by the authors investigated the effect of environmental, social, and governance (ESG) information on investment efficiency in Chinese A-share listed companies from 2011 to 2020.
Journal Article
The Effect of Audit Quality on Accuracy of Stock Price Prediction through Earnings Quality, Evidence from Indonesia
TL;DR: In this article, the authors examined the effect of audit quality on earnings quality and audit fee on the accuracy of stock price prediction, and showed that audit quality has a significant and positive effect on the earnings quality.
References
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Journal ArticleDOI
Management Ownership and Market Valuation: An Empirical Analysis
TL;DR: This article investigated the relationship between management ownership and market valuation of the firm, as measured by Tobin's Q. In a 1980 cross-section of 371 Fortune 500 firms, they found evidence of a significant nonmonotonic relationship.
Posted Content
On the Impossibility of Informationally Efficient Markets
TL;DR: In this paper, the authors propose a model in which there is an equilibrium degree of disequilibrium: prices reflect the information of informed individuals (arbitrageurs) but only partially, so that those who expend resources to obtain information do receive compensation.
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On the impossibility of informationally efficient markets
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The effect of international institutional factors on properties of accounting earnings
TL;DR: In this paper, the authors characterize the ''shareholder'' and ''stakeholder'' corporate governance models of common and code law countries respectively as resolving information asymmetry by public disclosure and private communication.
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The information content of stock markets: why do emerging markets have synchronous stock price movements?
TL;DR: This paper found that stock prices move together more in poor economies than in rich economies, and this "nding is not due to market size and is only partially explained by higher fundamentals".