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Voluntary disclosure and its impact on share prices: Evidence from the UK biotechnology sector
16 references·8 citing·41 second hop
Voluntary disclosure and its impact on share prices: Evidence from the UK biotechnology sector (2008)Voluntary disclosure and its impact on sh…The Adjustment of Stock Prices to New Information (2003)The Adjustment of Stock Price…Intangible Assets and Firms' Disclosures: An Empirical Investigation (2002)Intangible Assets and Firms' …Corporate Disclosure Policy and the Informativeness of Stock Prices (2002)Corporate Disclosure Policy a…An evaluation of “essays on disclosure” and the disclosure literature in accounting (2001)An evaluation of “essays on d…Stock Performance and Intermediation Changes Surrounding Sustained Increases in Disclosure* (1999)Stock Performance and Interme…Corporate disclosure quality and the cost of debt. (1998)Corporate disclosure quality …Bridging the Information Gap: Quarterly Conference Calls as a Medium for Voluntary Disclosure (1998)Bridging the Information Gap:…Event Studies in Economics and Finance (1997)Event Studies in Economics an…Disclosure level and the cost of equity capital. (1997)Disclosure level and the cost…Value-relevance of nonfinancial information: The wireless communications industry (1996)Value-relevance of nonfinanci…Earnings, Book Values, and Dividends in Equity Valuation* (1995)Earnings, Book Values, and Di…Disclosure Policy, Information Asymmetry, and Liquidity in Equity Markets* (1995)Disclosure Policy, Informatio…A nonparametric test for abnormal security-price performance in event studies (1989)A nonparametric test for abno…Estimating betas from nonsynchronous data (1977)Estimating betas from nonsync…Corporate Forecasts of Earnings Per Share and Stock Price Behavior: Empirical Test (1976)Corporate Forecasts of Earnin…The Adjustment of Stock Prices to New Information (1969)The Adjustment of Stock Price…Corporate innovation and future earnings: does early patent disclosure matter? (2021)Corporate innovation and futu…The Qualitative Characteristics of Accounting Information, Earnings Quality, and Islamic Banking Performance: Evidence from the Gulf Banking Sector (2020)The Qualitative Characteristi…How Often Do Managers Withhold Information? (2019)How Often Do Managers Withhol…Motivations for Voluntary Public R&D Disclosures (2016)Motivations for Voluntary Pub…Disclosure quality and earnings management: evidence from Jordan (2016)Disclosure quality and earnin…Biopharmaceutical and chemical firms’ R&D disclosure, and cost of equity: The impact of the regulatory regime (2014)Biopharmaceutical and chemica…The complementary relationship between financial and non-financial information in the biotechnology industry and the degree of investor sophistication (2010)The complementary relationshi…Accounting, Intangible Assets, Stock Market Activity, and Measurement and Disclosure Policy—Views From the U.K. (2009)Accounting, Intangible Assets…Coefficient Alpha and the Internal Structure of Tests (1951)Disclosure, Liquidity, and the Cost of Capital (1991)The Cross-Section of Expected Stock Returns (1992)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)The economic implications of corporate financial reporting (2005)Voluntary Nonfinancial Disclosure and the Cost of Equity Capital: The Initiation of Corporate Social Responsibility Reporting (2010)An Empirical Evaluation of Accounting Income Numbers (1968)Capital markets research in accounting (2001)Valuing Customers (2004)Earnings conference calls and stock returns: The incremental informativeness of textual tone (2011)A Subordinated Stochastic Process Model with Finite Variance for Speculative Prices (1973)An Intertemporal Capital Asset Pricing Model (1973)Conditional Heteroskedasticity in Asset Returns: A New Approach (1991)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Illiquidity and stock returns: cross-section and time-series effects (2002)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Measuring security price performance (1980)Earnings Management During Import Relief Investigations (1991)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Bid, ask and transaction prices in a specialist market with heterogeneously informed traders (1985)Continuous Auctions and Insider Trading (1985)Intellectual capital disclosure and corporate governance structure in UK firms (2008)Investor Relations, Firm Visibility, and Investor Following (2012)The economic consequences associated with integrated report quality: Capital market and real effects (2017)Corporate financing and investment decisions when firms have information that investors do not have (1984)Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have (1984)Causes and Consequences of Earnings Manipulation: An Analysis of Firms Subject to Enforcement Actions by the SEC* (1996)Revisiting the relation between environmental performance and environmental disclosure: An empirical analysis (2007)The financial reporting environment: Review of the recent literature (2010)Dividend Policy, Growth, and the Valuation of Shares (1961)The Theory and Measurement of Business Income (1961)Valuation and Clean Surplus Accounting for Operating and Financial Activities* (1995)Does Corporate Social Responsibility Affect the Cost of Capital? (2010)The Behavior of Stock-Market Prices (1965)Risk, Return, and Equilibrium: Empirical Tests (1973)Efficient Capital Markets: II (1991)The arbitrage theory of capital asset pricing (1976)Stock Market Liberalization, Economic Reform, and Emerging Market Equity Prices (2000)Introductory Econometrics for Finance (2008)
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References

  • 1995Earnings, Book Values, and Dividends in Equity Valuation*5,061 cited
  • 1997Event Studies in Economics and Finance4,623 cited
  • 1969The Adjustment of Stock Prices to New Information3,625 cited
  • 1997Disclosure level and the cost of equity capital.3,577 cited
  • 2003The Adjustment of Stock Prices to New Information3,063 cited
  • 1977Estimating betas from nonsynchronous data2,751 cited
  • 1999Stock Performance and Intermediation Changes Surrounding Sustained Increases in Disclosure*1,882 cited
  • 1976Corporate Forecasts of Earnings Per Share and Stock Price Behavior: Empirical Test1,749 cited
  • 1996Value-relevance of nonfinancial information: The wireless communications industry1,303 cited
  • 1995Disclosure Policy, Information Asymmetry, and Liquidity in Equity Markets*1,183 cited
  • 1989A nonparametric test for abnormal security-price performance in event studies1,077 cited
  • 1998Corporate disclosure quality and the cost of debt.1,050 cited
  • 2001An evaluation of “essays on disclosure” and the disclosure literature in accounting791 cited
  • 2002Corporate Disclosure Policy and the Informativeness of Stock Prices398 cited
  • 1998Bridging the Information Gap: Quarterly Conference Calls as a Medium for Voluntary Disclosure

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362 cited
  • 2002Intangible Assets and Firms' Disclosures: An Empirical Investigation109 cited
  • Cited by

    • 2019How Often Do Managers Withhold Information?54 cited
    • 2009Accounting, Intangible Assets, Stock Market Activity, and Measurement and Disclosure Policy—Views From the U.K.54 cited
    • 2016Disclosure quality and earnings management: evidence from Jordan50 cited
    • 2020The Qualitative Characteristics of Accounting Information, Earnings Quality, and Islamic Banking Performance: Evidence from the Gulf Banking Sector49 cited
    • 2010The complementary relationship between financial and non-financial information in the biotechnology industry and the degree of investor sophistication45 cited
    • 2014Biopharmaceutical and chemical firms’ R&D disclosure, and cost of equity: The impact of the regulatory regime33 cited
    • 2016Motivations for Voluntary Public R&D Disclosures25 cited
    • 2021Corporate innovation and future earnings: does early patent disclosure matter?18 cited