Access the full text.
Sign up today, get DeepDyve free for 14 days.
Linda Allen, Hongtao Guo, J. Weintrop (2008)
The Information Content of Quarterly Earnings in Syndicated Bank Loan PricesAsia-Pacific Journal of Accounting & Economics, 15
J. Campbell, Glen Taksler (2002)
Equity Volatility and Corporate Bond YieldsNBER Working Paper Series
R. Ball, Lakshmanan Shivakumar (2004)
Earnings Quality in U.K. Private FirmsFinancial Accounting eJournal
P. Joos, G. Plesko (2004)
Valuing Loss FirmsS&P Global Market Intelligence Research Paper Series
Carla Hayn (1995)
The information content of lossesJournal of Accounting and Economics, 20
Berkman Berkman, Truong Truong (2008)
Event Day 0? After‐Hours Earnings AnnouncementsJournal of Accounting Research
Linda Allen, Hongtao Guo, J. Weintrop (2004)
The Information Content of Quarterly Earnings in Syndicated Bank Loans PricesBanking & Insurance
R. Ball (2001)
Infrastructure Requirements for an Economically Efficient System of Public Financial Reporting and DisclosureBrookings-Wharton Papers on Financial Services, 2001
R. Watts (2003)
Conservatism in Accounting - Part I: Explanations and ImplicationsAuditing
C. Plummer, Senyo Tse (1999)
The Effect of Limited Liability on the Informativeness of Earnings: Evidence from the Stock and Bond Markets*Contemporary Accounting Research, 16
Patricia Dechow, S. Kothari, R. Watts, W. Simon (1998)
The Relation Between Earnings and Cash FlowsJournal of Accounting and Economics, 25
(2004)
An overview of regulation of the bond markets.
Patricia Dechow (1994)
Accounting earnings and cash flows as measures of firm performance : The role of accounting accrualsJournal of Accounting and Economics, 18
P. Schultz (2003)
Pseudo Market Timing and the Long-Run Underperformance of IPOsJournal of Finance, 58
Kelly Cai, Jean Helwege, Arthur Warga (2005)
Underpricing and Reputation Acquisition in the Corporate Bond MarketBanking & Insurance eJournal
Peter Easton, T. Harris (1991)
EARNINGS AS AN EXPLANATORY VARIABLE FOR RETURNSJournal of Accounting Research, 29
Campbell Campbell, Taksler Taksler (2003)
Equity Volatility and Corporate Bond YieldsJournal of Finance, 58
S. Kothari, I. Thank, Jeffery Abarbanell, Anwer Ahmed, Sudipta Basu, Patricia Dechow, Dan Gode, W. Guay, Charles Lee, Bob Lipe, Michael Mikhail, Jowell Sabino, Jake Thomas, Charles Wasley, Tzachi Zach (2001)
Capital Markets Research in AccountingMIT Sloan School of Management Working Paper Series
François Degeorge, Jayen Patel, R. Zeckhauser (1999)
Earnings Management to Exceed ThresholdsThe Journal of Business, 72
Ball Ball, Shivakumar Shivakumar (2005)
Earnings Quality in U.K. Private FirmsJournal of Accounting and Economics, 39
R. Ball, Ashok Robin, Gil Sadka (2007)
Is financial reporting shaped by equity markets or by debt markets? An international study of timeliness and conservatismReview of Accounting Studies, 13
Gwangheon Hong, Arthur Warga (2000)
An Empirical Study of Bond Market TransactionsFinancial Analysts Journal, 56
E. Fama, K. French (1997)
Industry costs of equityJournal of Financial Economics, 43
Regina Moerman (2008)
The Role of Information Asymmetry and Financial Reporting Quality in Debt Trading: Evidence from the Secondary Loan Market
Linda Bamber, Theodore Christensen, K. Gaver (2000)
Do We Really 'Know' What We Think We Know? A Case Study of Seminal Research and its Subsequent OvergeneralizationS&P Global Market Intelligence Research Paper Series
P. Schultz (2001)
Corporate Bond Trading Costs: A Peek Behind the CurtainJournal of Finance, 56
Merton Merton (1973)
The Theory of Rational Option PricingBell Journal of Economics and Management Science, 4
B. Lev (1989)
ON THE USEFULNESS OF EARNINGS AND EARNINGS RESEARCH: LESSONS AND DIRECTIONS FROM TWO DECADES OF EMPIRICAL RESEARCHJournal of Accounting Research, 27
Davydenko Davydenko, Strebulaev Strebulaev (2007)
Strategic Actions and Credit Spreads: An EmpiricalJournal of Finance
Dan Givoly, Carla Hayn (2000)
The Changing Time-Series Properties of Earnings, Cash Flows and Accruals: Has Financial Reporting Become More Conservative?Journal of Accounting and Economics, 29
Lev Lev (1989)
On the Usefulness of Earnings and Earnings Research: Lessons and Directions from TwoJournal of Accounting Research, 27
Regina Wittenberg-Moerman (2008)
The role of information asymmetry and financial reporting quality in debt trading: Evidence from the secondary loan market $Journal of Accounting and Economics, 46
Paul Fischer, Robert Verrecchia (1997)
The Effect of Limited Liability on the Market Response to DisclosureContemporary Accounting Research, 14
R. Ball, P. Brown (1968)
An empirical evaluation of accounting income numbersJournal of Accounting Research, 6
Bamber Bamber, Christensen Christensen, Gaver Gaver (2000)
Do We Really ‘Know’ What We Think We Know? A Case Study of Seminal Research and Its Subsequent OvergeneralizationAccounting, Organizations and Society, 25
W. Landsman, Edward Maydew (2002)
Has the Information Content of Quarterly Earnings Announcements Declined in the Past Three DecadesJournal of Accounting Research, 40
Tavy Ronen, E. Hotchkiss (1999)
The Informational Efficiency of the Corporate Bond Market: An Intraday AnalysisCapital Markets: Market Microstructure eJournal
D. Burgstahler, Ilia Dichev (1997)
Earnings Management to Avoid Earnings Decreases and LossesJournal of Accounting and Economics, 24
F. Black, Myron Scholes (1973)
The Pricing of Options and Corporate LiabilitiesJournal of Political Economy, 81
Speculative * Loss 0.017 Speculative * Loss -0
H. Berkman, Cameron Truong (2006)
Event Day 0? After-Hours Earnings AnnouncementsS&P Global Market Intelligence Research Paper Series
Frank Partnoy (1999)
The Siskel and Ebert of Financial Markets: Two Thumbs Down for the Credit Rating AgenciesLSN: Securities Law: U.S. (Topic)
April Klein (2005)
Fundamentals of Accounting LossesSPGMI: Compustat Fundamentals (Topic)
R. Ball, Lakshmanan Shivakumar (2005)
EARNINGS QUALITY IN UK PRIVATE FIRMS: COMPARATIVE LOSS RECOGNITION TIMELINESSJournal of Accounting and Economics, 39
Philip Berger (1999)
Discussion of “The Effect of Limited Liability on the Informativeness of Earnings: Evidence from the Stock and Bond Markets”Contemporary Accounting Research, 16
R. Watts (2003)
Conservatism in Accounting - Part Ii: Evidence and Research OpportunitiesFinancial Accounting eJournal
Hotchkiss Hotchkiss, Ronen Ronen (2002)
The Informational Efficiency of the Corporate Bond Market: An Intraday AnalysisReview of Financial Studies, 15
Dechow Dechow (1994)
Accounting Earnings and Cash Flows as Measures of Firm Performance: The RoleJournal of Accounting and Economics, 18
W. Beaver (1968)
The Information Content Of Annual Earnings Announcements
Kothari Kothari (2001)
Capital Markets Research in AccountingJournal of Accounting and Economics, 31
Ball Ball, Robin Robin, Sadka Sadka (2007)
Is Financial Reporting Shaped by Debt Markets or Equity Markets? An International Study of Timeliness and ConservatismReview of Accounting Studies
Regina Moerman (2008)
The Role of Information Asymmetry and Financial Reporting Quality in Debt Trading: Evidence from the Secondary Loan MarketBanking & Financial Institutions eJournal
ABSTRACT We document that: (1) the incidence of bond trade increases during the days surrounding earnings announcements, (2) there is a bond‐price reaction to the announcement of earnings, and (3) there is a positive association between annual bond returns and both annual changes in earnings and annual analysts' forecast errors. All of these effects are larger when earnings convey bad news or when the underlying bond is more risky. Taken together, our results suggest that the nonlinear payoff structure of bond securities affects the role of accounting earnings in the bond market.
Journal of Accounting Research – Wiley
Published: Jun 1, 2009
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.