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On the Value Relevance of Asymmetric Financial Reporting Policies

Jeroen Suijs

Journal of Accounting Research, 2008, vol. 46, issue 5, 1297-1321

Abstract: This paper considers an overlapping generations model where investors trade in a firm's stock. Investment risk is partly determined by the volatility of the stock price at which current investors can sell their shares to the next generation of investors. It is shown that asymmetric reporting of good and bad news is value relevant as it affects the allocation of risk among future generations of shareholders.

Date: 2008
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Citations: View citations in EconPapers (19)

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https://doi.org/10.1111/j.1475-679X.2008.00309.x

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Persistent link: https://EconPapers.repec.org/RePEc:bla:joares:v:46:y:2008:i:5:p:1297-1321

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Journal of Accounting Research is currently edited by Philip G. Berger, Anna Costello, Luzi Hail, Valeri Nikolaev, Haresh Sapra, Laurence van Lent and Regina Wittenberg Moerman

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