The information content of firm financial disclosures
Article Abstract:
Firm financial disclosures are reports that contain information about a company's accounts in relation to its size. The information, which is shared to participants of the stock market in four events, is to determine security prices or the underlying value of a security. The study showed that preliminary and interim announcements are the best source of information. The annual report and accounts provides the most information value, but relays little price sensitive information.
Publication Name: Journal of Business Finance and Accounting
Subject: Business
ISSN: 0306-686X
Year: 1995
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Short Sales Constraints and Momentum in Stock Returns
Article Abstract:
Research shows that short sales constraints are positively related to the magnitude of momentum returns. Loser stocks instead of winner stocks drive this finding, emphasizing the importance of short sales constraints in preventing arbitrage.
Publication Name: Journal of Business Finance and Accounting
Subject: Business
ISSN: 0306-686X
Year: 2006
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