The Effect of Reporting Frequency on the Timeliness of Earnings: The Cases of Voluntary and Mandatory Interim Reports

By Marty Butler, Arthur G. Kraft, Ira S. Weiss. 2007

238 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/f8a1457958b6d248c7957d76838e0b3541f98c28

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Citations in the corpus

Capital market effects of media synthesis and dissemination: evidence from robo-journalism (2017, unknown): “We investigate the speed of price discovery as measured by an intraperiod timeliness measure (Butler et al. 2007; Twedt 2016) and find little evidence consistent with automated articles improving or impeding price discovery.”
The perceived credibility of forward-looking performance disclosures (2014, unknown): “This framework builds on existing literature on the drivers of voluntary disclosure taking into account the specific nature of forward-looking disclosure (Lang and Lundholm 1993, Healy et al. 1999, Mercer 2005, Baber et al. 2006, Lapointe-Antunes et al. 2006, Butler et al. 2007).”
Spreading the Word: Price Discovery and Newswire Dissemination of Management Earnings Guidance (2016, background): “A key advantage of the IPT measure is that it identifies the speed with which information is incorporated into price, holding the magnitude of the price response and information content constant (Butler et al. 2007; Bushman et al. 2010).”
The effect of financial reporting quality on corporate dividend policy (2017, unknown): “All continuous variables are winsorized at 1% and 99% Consistent with prior research (e.g., Butler et al. 2007; Fu et al. 2012), we identify our test firms as those that increased reporting frequency because of the SEC mandate—firms that switched from annual to semiannual reporting after 1954 or…”
The extent of disclosure in annual reports of banking companies: The case of India (2008, background): “Butler et al. (2002) argued that firms with a higher percentage of tangible assets have lower agency costs because it is more difficult for managers to misappropriate well-defined assets in place than to extract value from uncertain growth opportunities.”
Do Better-Governed Australian Firms Make More Informative Disclosures? (2006, unknown): “…significant (p < 0.05) correlation between log PS docs and timeliness in Table 3 Panel A – it is usually argued that more frequent disclosure affects timeliness because the information content of earnings is anticipated sooner (Ball and Brown, 1968; Brown et al., 1999; and Butler et al., 2003).”
Alternative Information Sources and Information Asymmetry Reduction: Evidence from Small Business Debt (2015, background): “Information asymmetries tend to be greater in small, private businesses, which often have little institutional history and are not required to publicly disclose company-specific information (Butler et al., 2007).”
Frequent Financial Reporting and Managerial Myopia (2018, methodology): “(2012) and include firms that switched in the three years before 1970 because SEC discussions and proposals preceded the issuance of final mandate (Butler et al., 2007).”
The Real Effects of Mandatory Quarterly Reporting (2017, methodology): “Butler et al. (2007) analyze data for US firms”