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| Topic: |
Business
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| Number of pages / Number of words: |
2 / 289 |
Essay's paper body
1. Information content; New information leads to a change in the stock price; this explains the stock return behaviour; (Ball and Brown (1968)); they considered data for 20 years; stock prices are influenced by accounting data; data is given in annual reports; upto 55% stock price can be explained by Annual reports and the other remaining 45% is due to other sources (Budget, CEO’s status etc...
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1. Information content; New information leads to a change in the stock price; this explains the stock return behaviour; (Ball and Brown (1968)); they considered data for 20 years; stock prices are influenced by accounting data; data is given in annual reports; upto 55% stock price can be explained by Annual reports and the other remaining 45% is due to other sources (Budget, CEO’s status etc...
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General points of the essay
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