Reliability-Relevance Trade-Offs and the Efficiency of Aggregation

By Ronald A. Dye, S. Sridhar. 2004

188 citations recorded by the source corpus.

Subfields: Accounting, Finance, Management Science and Operations Research

View Paper: https://www.semanticscholar.org/paper/661ce59f888e133beb64919845b6859cb64ef8b1

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. K. Subramanayam
2. Frank Heflin
3. Clara Vega
4. Elizabeth Demers
5. Rebecca N. Hann
6. Judson Caskey
7. D. Sosyura
8. Paul C. Tetlock

In Finance

1. K. Subramanayam
2. Frank Heflin
3. Clara Vega
4. Elizabeth Demers
5. Rebecca N. Hann
6. Judson Caskey
7. Paul C. Tetlock
8. D. Sosyura

In Management Science and Operations Research

1. Clara Vega
2. Elizabeth Demers
3. Judson Caskey

Citations in the corpus

• The Effect of Issuer Conservatism on IPO Pricing and Performance (2013, unknown): “This finding is consistent with the argument by Dye and Sridhar (2004) that soft information has a greater impact on share prices as hard information becomes noisier.”
• Soft information in earnings announcements: news or noise? (2008, methodology): “If the linguistic certainty measure relates exclusively to the precision of hard information, then Dye and Sridhar (2004) and standard Bayesian learning models (e.g., Kim and Verrecchia (1991), Krueger and Fortson (2003), and Hautsch and Hess (2007)) predict that the soft information of firms with…”
• Fair-Value Pension Accounting (2007, background): “Aggregation is also relevant to prices if investors bear costs to interpret disclosures (Hirshliefer and Teoh, 2003; Barth et al., 2003; Dye and Sridhar, 2004).”
• Information in Equity Markets with Ambiguity-Averse Investors (2009, background): “For example, Dye and Sridhar (2004) show that releasing an aggregate signal can reduce a manager’s incentives to manipulate earnings and distort production, but the aggregate signal is a conditional expectation that, in their normal random variable setting, entails no loss of information.”
• Signaling Firm Performance Through Financial Statement Presentation: An Analysis Using Special Items* : Financial Statement Presentation (2009, unknown): “…by academic interest in manager disclosure decisions generally (e.g., Healy and Palepu 2001), as well as literature examining disaggregation (Dye and Sridhar 2004) and the characteristics of permanent versus transitory components of earnings (e.g., Brooks and Buckmaster 1976; Elliott and…”