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: Q4 2024
Filing trends Section 10(b) and Section 11 filings totaled 209 in 2024, 1% more than in 2023 and 13% more than in 2022. There were 47 filings in Q4 2024, 15%...