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Title:Corporate financial information disclosure process vs. event
Author(s):Ono, Connie Lee
Doctoral Committee Chair(s):Christians, Clifford G.
Department / Program:Communications
Degree Granting Institution:University of Illinois at Urbana-Champaign
Subject(s):Business Administration, Management
Economics, Finance
Abstract:This dissertation bridges the gap of knowledge between communication and financial research in the area of corporate information dissemination. Mainstream financial research views corporate disclosure of earnings as an event. Earnings estimates are important to the valuation of a firm. It would seem to be in the best interest of management to control the expectations of earnings surrounding its firm to achieve a fair market value for the firm's stock. This dissertation suggests that: (1) corporations consciously control the range of earnings estimates associated with their firms' quarterly earnings, (2) analysts are aware of the degree to which corporations are managing their projections, (3) the range in which corporations control the estimates surrounding their quarterly earnings is reflected in analysts' perceptions of corporations' communication abilities, and (4) the perception of analysts is correlated to the actual disparity of estimates surrounding a company's actual earnings.
Issue Date:1990
Rights Information:Copyright 1990 Ono, Connie Lee
Date Available in IDEALS:2011-05-07
Identifier in Online Catalog:AAI9114367
OCLC Identifier:(UMI)AAI9114367

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