Financial reporting timeliness and the value relevance of earnings: Evidence from banks in the MENA countries.

Autor:	Ben Rejeb Attia, Mouna, Lassoued, Naima, Sassi, Houda
Předmět:	STOCK exchanges STOCK prices BANKING industry INVESTORS INVESTOR protection
Zdroj:	International Trade Journal; 2019, Vol. 33 Issue 3, p277-301, 25p, 7 Charts
Abstrakt:	This study examines whether financial reporting lag improves the value relevance of past and current earnings for future earnings. Examining a sample of listed banks from 12 MENA countries over the 1999 to 2014 period, the empirical analysis reveals that a change in the current stock price of banks with a higher financial reporting lag contains more information about their future earnings than does a change in the stock price with a lower financial reporting lag. This association is weaker for larger and riskier banks operating in an active stock market with significant Internet use and disclosure and investor protection. [ABSTRACT FROM AUTHOR]
Databáze:	Complementary Index
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