Timeliness of annual report releases in relation to the direction and magnitude of earnings and share price evaluation : the case of Malaysia
This paper examines the relationship between the timing of earnings announcement and the direction and magnitude of earnings for more than 2482 firm-years in the Bursa Malaysia. The results confirm that CEOs time their earnings announcement based on the direction and magnitude of the unexpected earn...
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| Format: | Article |
| Language: | English |
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Sunway University College
2006
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| Online Access: | http://eprints.sunway.edu.my/25/ http://eprints.sunway.edu.my/25/1/cheng3.pdf |
| _version_ | 1848801723611611136 |
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| author | Cheng, Fan Fah * |
| author_facet | Cheng, Fan Fah * |
| author_sort | Cheng, Fan Fah * |
| building | SU Institutional Repository |
| collection | Online Access |
| description | This paper examines the relationship between the timing of earnings announcement and the direction and magnitude of earnings for more than 2482 firm-years in the Bursa Malaysia. The results confirm that CEOs time their earnings announcement based on the direction and magnitude of the unexpected earnings. CEOs announce earnings early for positive unexpected earnings, and delay the announcement for negative unexpected earnings. The market reacts to the timing of the announcement accordingly. These findings are relevant and useful to judge company performance by observing the announcement date of the company, especially those that perform less than satisfactorily in anticipation of bad news release from these firms. |
| first_indexed | 2025-11-14T21:11:59Z |
| format | Article |
| id | sunway-25 |
| institution | Sunway University |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T21:11:59Z |
| publishDate | 2006 |
| publisher | Sunway University College |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | sunway-252012-10-15T03:39:08Z http://eprints.sunway.edu.my/25/ Timeliness of annual report releases in relation to the direction and magnitude of earnings and share price evaluation : the case of Malaysia Cheng, Fan Fah * HF Commerce HF5601 Accounting This paper examines the relationship between the timing of earnings announcement and the direction and magnitude of earnings for more than 2482 firm-years in the Bursa Malaysia. The results confirm that CEOs time their earnings announcement based on the direction and magnitude of the unexpected earnings. CEOs announce earnings early for positive unexpected earnings, and delay the announcement for negative unexpected earnings. The market reacts to the timing of the announcement accordingly. These findings are relevant and useful to judge company performance by observing the announcement date of the company, especially those that perform less than satisfactorily in anticipation of bad news release from these firms. Sunway University College 2006 Article PeerReviewed text en http://eprints.sunway.edu.my/25/1/cheng3.pdf Cheng, Fan Fah * (2006) Timeliness of annual report releases in relation to the direction and magnitude of earnings and share price evaluation : the case of Malaysia. Sunway Academic Journal, 3. pp. 117-131. |
| spellingShingle | HF Commerce HF5601 Accounting Cheng, Fan Fah * Timeliness of annual report releases in relation to the direction and magnitude of earnings and share price evaluation : the case of Malaysia |
| title | Timeliness of annual report releases in relation to the direction and magnitude of earnings and share price evaluation : the case of Malaysia |
| title_full | Timeliness of annual report releases in relation to the direction and magnitude of earnings and share price evaluation : the case of Malaysia |
| title_fullStr | Timeliness of annual report releases in relation to the direction and magnitude of earnings and share price evaluation : the case of Malaysia |
| title_full_unstemmed | Timeliness of annual report releases in relation to the direction and magnitude of earnings and share price evaluation : the case of Malaysia |
| title_short | Timeliness of annual report releases in relation to the direction and magnitude of earnings and share price evaluation : the case of Malaysia |
| title_sort | timeliness of annual report releases in relation to the direction and magnitude of earnings and share price evaluation : the case of malaysia |
| topic | HF Commerce HF5601 Accounting |
| url | http://eprints.sunway.edu.my/25/ http://eprints.sunway.edu.my/25/1/cheng3.pdf |