9781333741020 - Extensions and Violations of the Statutory Sec Form 10-K Filing Requirements (Classic Reprint) de Alford, Andrew William (3 resultados)

PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000.

PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000.

Paperback. Condición: New. Print on Demand. This book examines filings with the US Securities and Exchange Commission (SEC). The author finds that up to 20% of these filings are late. This is significant because it means that non-earnings financial statement information is not always available to the public within three months of a company's fiscal year-end. Studies often rely on publicly available, non-earnings financial statement information to predict events such as mergers or changes in stock returns. The author finds that late filings are not random, rather, companies experiencing unfavorable economic events are more likely to file late. These companies are also more likely to have smaller firm size, negative accounting rates of return, negative changes in earnings, lower liquidity, higher financial leverage, and experience negative market-adjusted stock returns. Thus, studies assuming this information is available within three months of fiscal year-end could be misclassifying firms and introducing bias into their results. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item.