Corporate Disclosure Policy and the Informativeness of Stock Prices

By D. Gelb, Paul Zarowin. 2000

404 citations recorded by the source corpus.

Subfields: Accounting, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/0f0610fd5dbc0037dd93a163b05d3e03a7e2eee9

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Citations in the corpus

Italian annual intellectual capital disclosure: An empirical analysis (2003, background): “to increase share performance, not related to current and expected earnings; and by Gelb and Zarowin (2000)”
Do Direct Cash Flow Disclosures Help Predict Future Operating Cash Flows and Earnings (2009, background): “23 reported in Lundholm and Myers (2002) and Gelb and Zarowin (2002).”
Corporate governance and strategic information on the internet (2011, background): “and profitability (Larrán and Giner, 2002; Oyelere et al., 2003; Giner et al., 2003; Marston and Polei, 2004; Prencipe, 2004; Magness, 2006). Unlike these works, Khanna et al. (2004) and Gul and Leung (2004) find a positive influence of profitability on the amount of voluntary disclosure, both in th”
Undertaking large-scale disclosure studies when AIMR-FAF ratings are not available: the case of prices leading earnings (2003, background): “This is consistent with the approach in Lundholm and Myers (2002) and Gelb and Zarowin (2002). Interacting all explanatory variables in (4) with D and noting that N = 2 yields our main regression model:”
The explanatory factors of intellectual capital disclosure to financial analysts (2005, background): “More voluntary disclosures are also seen to improve stock performance (Healey et al., 1999) and produce a higher stock price correlation with future earnings (Gelb and Zarowin, 2000).”
Transparency, Price Informativeness, and Stock Return Synchronicity: Theory and Evidence (2010, background): “In a recent paper, Jin and Myers (2006) examine the link between measures of corporate transparency and return synchronicity.”
Firm-level Disclosures and the Relative Roles of Culture and Legal Origin (2003, neutral): “…to: cost of equity capital (Botosan, 1997), cost of debt capital (Sengupta, 1998), informativeness of stock prices (Lundholm and Myers, 2002; Gelb and Zarowin, 2002), bid-ask spreads (Welker, 1995), analyst following (Bhushan, 1989; Lang and Lundholm, 1996) and properties of analysts’…”
International Financial Reporting Standards and the quality of financial statement information (2010, background): “This would therefore tend to reduce the related agency costs that might otherwise arise (Bushman & Smith, 2001; Healy & Palepu, 2001), and would in turn tend to lead to an appreciation in stock returns, which might be unrelated to firm current financial performance (Gelb & Zarowin, 2002).”
Intellectual capital disclosure (ICD): A comparison of Italy and the UK (2006, background): “); and higher correlation between stock price and future earnings compared to companies with low disclosure levels ( Gelb and Zarowin, 2000”
The Influence of Analysts, Institutional Investors, and Insiders on the Incorporation of Market, Industry, and Firm-Specific Information into Stock Prices (2004, methodology): “This approach has been applied in recent longwindow ERC studies examining the timeliness of earnings (e.g., Lundholm and Myers, 2002; Gelb and Zarowin, 2002).”
The effects of voluntary disclosure and dividend propensity on prices leading earnings (2009, methodology): “Considerable attention has been given to examining the association between corporate disclosure and share price anticipation of earnings (e.g. Schleicher and Walker, 1999; Lundholm and Myers, 2002; Gelb and Zarowin, 2002; Hussainey et al., 2003 and Schleicher et al., 2007).”