Business, Management and Accounting
2 years ago

Earnings announcements reveal crucial information for Australian stock market investors.

Accounting and Finance
How important are semi‐annual earnings announcements? An information event perspective
Stephen L. Taylor, Alex Tong

Paper Summary

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Earnings announcements by Australian firms twice a year provide important information, regardless of market trends or accounting standards. The size of the company or analyst following doesn't affect the significance of these announcements, but different industries show varying levels of importance. The timing of the announcement, compared to days before or after, reveals new fundamental information within a 3-hour window.