摘要
文章以澄清及时性、澄清态度和澄清内容准确性刻画澄清公告可信度,采用事件研究法,检验了澄清公告可信度的市场反应。研究发现:澄清越及时,澄清态度越肯定,澄清内容越准确,澄清公告的可信度越高,市场反应越大,市场对利好消息的可信度有更显著的市场反应。
This paper describes the credibility of clarification announcement by means of clarification timeliness, clarification attitudes, and accuracy of clarification content. By adopting the method of event study, the market reaction to clarification announcement is tested. It is found that the timelier the clarification announcement is, the more positive the clarification attitude is, and the more accurate the clarification content is, the more reliable the clarification announcement is, and the more significant the market reaction is, and that the market reaction becomes more significant to the good news of clarification announcement.
出处
《上海立信会计学院学报》
北大核心
2010年第4期15-22,共8页
Journal of Shanghai Lixin University of Commerce
基金
中国博士后基金项目(20090460141)
关键词
澄清公告
信息含量
信息可信度
clarification announcement
information content
information credibility
