Accounting Disclosure and Stock Market Reaction. Empirical Analysis on Bucharest Stock Exchange

MiloÅŸ Laura Raisa () and MiloÅŸ Marius Cristian ()
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MiloÅŸ Laura Raisa: West University of Timisoara
MiloÅŸ Marius Cristian: West University of Timisoara

Ovidius University Annals, Economic Sciences Series, 2018, vol. XVIII, issue 2, 643-648

Abstract: The paper provides new evidence in what concerns the stock market reaction to preliminary and final corporate accounting disclosure, with application on the Romanian capital market, Bucharest Stock Exchange (BSE). Using GARCH methodology, our results are similar with the results of the previous empirical literature that proved that the accounting information brings new and relevant information for the investors and highlight in the same time the importance of disclosure regulation for the development of stock markets.

Keywords: stock market; BSE; disclosure; accounting information; Garch (search for similar items in EconPapers)
JEL-codes: G10 G14 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xviii:y:2018:i:2:p:643-648

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