2020
DOI: 10.2139/ssrn.3640681
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Tick Size and Financial Reporting Quality in Small-Cap Firms: Evidence from a Natural Experiment

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Cited by 3 publications
(5 citation statements)
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“…To verify the appropriateness of our DiD approach, we perform a parallel trends test following Donelson et al (2016) and Ahmed et al (2020). For this test, we include pre‐scandal year dummies ( Y01 through Y05 ) for both treatment and control groups in equation ().…”
Section: Resultsmentioning
confidence: 99%
“…To verify the appropriateness of our DiD approach, we perform a parallel trends test following Donelson et al (2016) and Ahmed et al (2020). For this test, we include pre‐scandal year dummies ( Y01 through Y05 ) for both treatment and control groups in equation ().…”
Section: Resultsmentioning
confidence: 99%
“…However, lower liquidity should reduce analyst research production in treated stocks as expected research fee and soft dollars potential reduces(Roulstone 2003). Thus, the effect would be the opposite to what we find.30 To exclude the effect the TSP had on treated firms reporting quality(Ahmed, Li and Xu 2020), we re-did Table8analysis keeping only the first three quarters before and after the start of the TSP and the results (untabulated) are unchanged.Electronic copy available at: https://ssrn.com/abstract=3597356…”
mentioning
confidence: 86%
“…To build confidence that our results do not capture a negative association between AT and reporting quality (Ahmed et al 2020), we include in equation (1) several controls for earnings quality. We follow Ahmed et al (2020) and calculate two measures of discretionary accruals in a quarter adjusted for non-linear growth in return on assets, market-to-book ratio and sales growth (Collins, Pungalliya and Vijh 2017).…”
Section: Additional Robustness Analysesmentioning
confidence: 96%
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“…ARL means the number of days from the end of the fiscal year until the date of issuance of the external auditor’s report (Habib et al , 2019). Several negative effects are resulting from the failure of issuing the financial reports on time (Ahmed, 2012), which includes increasing doubts about the reliability of the business result and its financial position, searching for alternative sources of information, and also some managers can exploit the information to achieve extraordinary gains through speculation. Timely disclosure in emerging markets is crucial because the information in these markets is relatively limited, and thus timely reporting will enhance the decision-making process and reduce information asymmetry in these markets (Afifi, 2009).…”
Section: Literature Review and Hypothesis Developmentmentioning
confidence: 99%