Disclosure Policies and Shareholder Wealth in the Early Twentieth Century: The Case of the American Sugar Refining Company

Porter, Burt; Sivakumar, Kumar; Waymire, Gregory B.

doi:10.1177/0148558x9501000110

Cited by 8 publications

(3 citation statements)

References 20 publications

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“…The voluntary and obligatory disclosure are considered complementary and offsetting. La Porta et al (2006) sustains that disclosure standards responsability is important for capital market development and Porter B. et al (1995) provides further proof that financial markets reward disclosure of information.…”

Section: Financial Statementsmentioning

confidence: 81%

"Retrospective Of Financial Reporting On Capital Market "

Muresan¹

2012

JASO

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The purpose of this paper is to develop a conceptual framework for the evolution of financial reporting on capital market. Due to the worlwide changes, the role of financial reporting in capital market is constantly growing. Financial reporting analyzed through market perspective is strongly correlated with issues like: capital allocation, financial statements, international accounting standards and informational valences. Capital market research emphasizes the need for qualitative and transparent financial reporting which require an increased level of information accuracy. Thus, financial statements are measured in terms of comparability and disclosure. This paper presents a qualitative research through a content analysis of several articles related to financial reporting on capital market.

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Section: Financial Statementsmentioning

confidence: 81%

"Retrospective Of Financial Reporting On Capital Market "

Muresan¹

2012

JASO

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“…The analysis is based on a sample of five studies: Flesher, Previts, and Samson (2003); Samson and Previts (1999); Bricker and Brown (1997), who follow Porter, Sivakumar, and Waymire (1995); Boothman (2000);and Bernal Lloréns (2000). These studies do not investigate the need for disclosure regulation, but their field contexts (or data sets) show promise for such investigations.…”

Section: Analysis Of the Accounting History Literaturementioning

confidence: 99%

The Public Policy Debate on Investors' Need for Disclosure Regulation: Accounting Historians' Help Wanted?*/ LE DÉBAT PUBLIC SUR LES BESOINS DES INVESTISSEURS EN MATIÈRE DE RÉGLEMENTATION DE L'INFORMATION: FAUT‐IL L'AIDE DES HISTORIENS DE LA COMPTABILITÉ?

Gélinas

Baillargeon

2006

Canadian Accounting Perspectives

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This paper explores how research in accounting history can contribute to the important public policy debate regarding investors' need for disclosure regulation. Accounting, finance, and economics researchers and practitioners argue for, as well as against, disclosure regulation. The debate remains theoretical, however, because empirical studies are virtually nonexistent. This paper reviews five contexts in which accounting historians can begin a search for empirical insights concerning the costs, benefits, externalities, and effects on stakeholders of disclosure regulation. The paper's investigation of the accounting history literature suggests that accounting historians could improve the quality of the debate and help accommodate broader interests or alternative solutions to financial crises.

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“…6 See, for example, Collins, Maydew, and Weiss [1997], Lev and Zarowin [1999], Francis and Schipper [1999], and Barth, Li, and McClure [2019]. 7 See, for example, Waymire [1993, 1994], Porter, Sivakumar, and Waymire [1995], Waymire [1999a, 1999b], Barton and Waymire [2004], Granja [2018], and Bourveau, Breuer, and Stoumbos [2020b].…”

Section: Introductionmentioning

confidence: 99%

The Information Content of Corporate Earnings: Evidence from the Securities Exchange Act of 1934

Binz

Graham

2022

J of Accounting Research

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We examine whether the Securities Exchange Act of 1934 increased the information content of corporate earnings disclosures. Prior research questions whether the Act improved disclosure quality but generally relies on longwindow tests and yields mixed results. We focus on whether the Act increased earnings informativeness, improving upon prior designs by focusing on short earnings announcement windows and employing a difference-in-differences design to control for potential contemporaneous structural changes. We document an increase in earnings informativeness following the Act, which is larger for treatment firms (which withheld disclosure before the Act) than * INSEAD Asia Campus;

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Disclosure Policies and Shareholder Wealth in the Early Twentieth Century: The Case of the American Sugar Refining Company

Cited by 8 publications

References 20 publications

"Retrospective Of Financial Reporting On Capital Market "

"Retrospective Of Financial Reporting On Capital Market "

The Public Policy Debate on Investors' Need for Disclosure Regulation: Accounting Historians' Help Wanted?*/ LE DÉBAT PUBLIC SUR LES BESOINS DES INVESTISSEURS EN MATIÈRE DE RÉGLEMENTATION DE L'INFORMATION: FAUT‐IL L'AIDE DES HISTORIENS DE LA COMPTABILITÉ?

The Information Content of Corporate Earnings: Evidence from the Securities Exchange Act of 1934

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