May 02, 2014
1:30 PM - 3:00 PM

Acctg. Seminar: Jonathan Rogers (Univ. of Colorado)

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That managers would choose to withhold firm-specific bad news is not only intuitive, but supported by theory, observed disclosure patterns, and survey responses. When signals are uncertain and may be revised in future periods, firms may choose to withhold the news to avoid presumably costly stock return volatility. This strategy, however, may not work when news contains a common industry compon...

For more information please e-mail Jeffrey Jullich