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Continuous disclosure at NZX: more evidence

Alastair Marsden and Russell Poskitt

No 375705, Competition & Regulation Times from New Zealand Institute for the Study of Competition and Regulation

Abstract: In the last issue of Competition & Regulation Times, Gerry Gallery considered the impact of the New Zealand Exchange's (NZX's) continuous-disclosure listing rules on the accuracy of management-earnings forecasts. Now Alastair Marsden and Russell Poskitt pick up the pace. They assess the effect of these rules on both the accuracy of analyst forecasts and the efficiency with which the stockmarket processes information.

Date: 2006-11-01
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