TY  - JOUR
AB  - Purpose The purpose of this paper is to investigate the audit effect hypothesis for the cross-quarter differential market reactions to earnings announcements.Design/methodology/approach Earnings response coefficients are focused upon as indicators of perceived earnings quality.Findings The evidence suggests that investors of Singapore listed companies respond more strongly to earnings announcements in the fourth quarter than other interim quarters. The findings support the notion that investors attach different degrees of reliability to interim quarter earnings relative to final quarter earnings.Originality/value Findings in this paper shed new light on the audit effect hypothesis and are relevant to accounting regulators and audit committee members seeking to enhance the credibility of earnings announcements.
VL  - 28
IS  - 2
SN  - 0114-0582
DO  - 10.1108/PAR-07-2015-0030
UR  - https://doi.org/10.1108/PAR-07-2015-0030
AU  - Lee Andrew
AU  - Lim Chu Yeong
AU  - Zhang Tracey Chunqi
PY  - 2016
Y1  - 2016/01/01
TI  - Cross-quarter differential market reactions: An investigation of the audit effect hypothesis
T2  - Pacific Accounting Review
PB  - Emerald Group Publishing Limited
SP  - 219
EP  - 235
Y2  - 2024/09/19
ER  -