Promoting informativeness via staggered information releases

Ramanan, R N V (2015) Promoting informativeness via staggered information releases. Review of Accounting Studies, 20 (1). pp. 537-558. ISSN 1380-6653

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When a firm has multiple pieces of information, this study shows that the firm does better from staggering the release of information than from expeditiously releasing all information at once. This is because releasing multiple pieces of information over time allows the firm to learn from the market’s response to each piece of information. In contrast, releasing all information at once impedes the firm’s ability to learn from the aggregate market response to all information. In effect, delaying the release of some information may improve the firm’s capacity to fine-tune follow-up decisions based on the market’s reactions.

Item Type: Article
Additional Information: The research paper was published by the author with the affiliation of University of California
Subjects: Finance
Date Deposited: 06 Aug 2023 18:04
Last Modified: 06 Aug 2023 18:04

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