| Project/Area Number |
16H07380
|
|---|
| Research Category |
Grant-in-Aid for Research Activity Start-up
|
| Allocation Type | Single-year Grants |
|---|
| Research Field |
Accounting
|
|---|
| Research Institution | Hiroshima University of Economics |
|---|
Principal Investigator |
|
|---|
| Project Period (FY) |
2016-08-26 – 2018-03-31
|
| Project Status |
Completed (Fiscal Year 2017)
|
| Budget Amount *help |
¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
Fiscal Year 2017: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2016: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
|
|---|
| Keywords | 決算発表 / 市場の効率性 / 注意力の限界 / アナリスト予想 / 新聞報道 / 流動性の供給 / 会計学 |
|---|
| Outline of Final Research Achievements |
Prior literature find that earnings announcement clustering distracts investors’ attention from firms and lowers market efficiency to earnings information. Investigating the pass through which earnings announcement clustering affects market efficiency, I find that earnings announcement clustering (1) lowers the probability of disseminating performance-related news, (2) delays the speed of disseminating performance-related news, (3) is not related to disclosing cash flow forecast by financial analysts.
|
