The role of accounting information in security exchange delisting
Article Abstract:
The delisting process of the American Stock Exchange (AMEX) and the factors that contribute to the AMEX delisting decision are analyzed. The involuntary delisting process at the AMEX is investigated using data on 150 companies delisted between 1981 and 1992. The findings show that Chapter 11 filings is the most significant factor in the delisting decision, while violations of AMEX financial guidelines are found to be the least important factors. Concern over audit opinions and shareholder lawsuits plus SEC probes are also found to be important variables in the logit regression.
Publication Name: Journal of Accounting and Public Policy
Subject: Business
ISSN: 0278-4254
Year: 1999
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Firm-specific determinants of the comprehensiveness of mandatory disclosure in the corporate annual reports of firms listed on the stock exchange of Hong Kong
Article Abstract:
Hong Kong was chosen in a study to test the multivariate impact of specific firm characteristics on corporate annual reports (CARs). This was done by studying the cross-sectional variation in the researcher's indexes of the inclusiveness of the required information in the CARs of a sample of firms included in the Stock Exchange of Hong Kong. Results of the study show that researcher-created indexes changed directly with asset size and the scope of business operations. However it varied indirectly in relation to profits.
Publication Name: Journal of Accounting and Public Policy
Subject: Business
ISSN: 0278-4254
Year: 1995
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A corporate view of research needs in corporate finance
Article Abstract:
A survey of the research needs of UK companies has found that chief financial officers have different criteria from academic research over what should be studied. The type of research companies are interested in includes the impact of tax regulations on investments, and how investors perceive short and long-term strategies. Companies are not so interested in the way seasons affect corporate decisions, bankruptcy costs, or the way UK financial institutions affect companies' finance.
Publication Name: Accounting and Business Research
Subject: Business
ISSN: 0001-4788
Year: 1996
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