In this paper, Tiago Duarte-Silva and his co-authors show that delays in earnings announcements are associated with decreases in firm value, which are especially sizeable when they are precipitated by accounting reasons or when no reason for the delay is announced. This decrease in firm value is also shown to be proportional to the decline in future earnings. In the paper they discuss implications both for shareholders and corporate decision makers faced with an earnings delay.
Securities Litigation Flash Q1 2024 Update
In this edition of CRA’s Securities Litigation Flash, we cover Section 10 (b) and Section 11 filings and settlements from Q1 2024. Filing trends Section 10(b)...