Statistical Studies of Financial Reports and Stock Markets

Electronic copy armed service open at: http://ssrn.com/ pin down=1926964 1 First Draft September 13, 2011 statistical Studies of Financial Reports and Stock market distinguishs1 Shyam Sunder, Yale University Abstract It is a great deal claimed that statistical studies of covariation between m championtary and stock market info displace booster ascertain better fiscal coverage policy. much(prenominal) covariation, even when it can be estimated, tells us hairsplitting about which fiscal reports help make better financial decisions. A case in support of such claims ashes to be made. Keywords: financial reporting policy, economical markets, statistical covariation JEL Codes: M41 It is manage competent to designate better financial reporting in footing of unembellished characteristics of the system, such as relevance, reliability, timeliness, et cetera. Such pass judgmentments, being pendant on context, are difficult to reason out; and it seems more showy to assess financial reporting regimes on the basis of their observable consequences. Market phenomena being more promptly observable than individual and organizational behavior, this line of reasoning leads one to the goal of financial reporting for better markets. Financial reporting serves many constituencies, including markets for with child(p), labor, and products and services.

at that place has been a strong only if largely unexplained purpose to focus attention on markets for great(p), leaving the other chew out classes of markets out of the accounting discourse. blush within the class of capital markets, most attention has been habituated to markets for common honor of publicly traded corporations. This paper examines the inferences we whitethorn and may not be able to draw from statistical studies of financial reporting and secondary markets for honor of public firms. The focus on equity markets should not be taken suggest that the theatrical role of financial reporting in other markets 1 An primarily version of this paper was presented at the Asia Pacific Journal of news report and Economics Symposium in pureness of K....If you want to get a full essay, order it on our website: Orderessay

If you want to get a full information about our service, visit our page: How it works.