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Investors’ response on the deviation between quarterly and annual earnings

Despite the benefits of timely information, concerns have been raised on the reliability of the quarterly accounts.The occurrence of deviation between audited annual accounts and cumulative quarterly accounts indicates the misstatements in the latter.This study examines investors’ response towards...

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Main Authors: Saidin, Saidatunur Fauzi, Malek, Mazrah, Ibrahim, Daing Nasir, Kee, Phua Lian
Format: Conference or Workshop Item
Language:English
Published: 2017
Subjects:
HF5601 Accounting
Online Access:http://repo.uum.edu.my/21025/1/shsconf_four2017%201%207vvi.pdf
http://repo.uum.edu.my/21025/
http://doi.org/10.1051/shsconf/20173407002
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spelling my.uum.repo.210252017-02-23T03:44:32Z http://repo.uum.edu.my/21025/ Investors’ response on the deviation between quarterly and annual earnings Saidin, Saidatunur Fauzi Malek, Mazrah Ibrahim, Daing Nasir Kee, Phua Lian HF5601 Accounting Despite the benefits of timely information, concerns have been raised on the reliability of the quarterly accounts.The occurrence of deviation between audited annual accounts and cumulative quarterly accounts indicates the misstatements in the latter.This study examines investors’ response towards the occurrence of the deviation.Data is based on 792 listed companies of Bursa Malaysia in 2012.The results of the OLS regression show that the companies without earnings deviation have significantly higher earnings response coefficient than companies experiencing earnings deviation.It is also found that understated quarterly earnings companies have higher earnings response coefficient than overstated companies.Results imply that investors place higher reliability on the quarterly accounts produced by companies without earnings deviation. Higher reliability is placed on the understated quarterly earnings companies as compared to overstated companies.Findings suggest that investors do value the occurrence and types of earnings deviation.Therefore, steps should be taken to overcome the occurrence of deviation. 2017 Conference or Workshop Item PeerReviewed application/pdf en cc4_by http://repo.uum.edu.my/21025/1/shsconf_four2017%201%207vvi.pdf Saidin, Saidatunur Fauzi and Malek, Mazrah and Ibrahim, Daing Nasir and Kee, Phua Lian (2017) Investors’ response on the deviation between quarterly and annual earnings. In: 17th Annual Conference of the Asian Academic Accounting Association (2016 FourA Conference), 20-22 November 2016, Kuching, Sarawak. http://doi.org/10.1051/shsconf/20173407002 doi:10.1051/shsconf/20173407002
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutionali Repository
url_provider http://repo.uum.edu.my/
language English
topic HF5601 Accounting
spellingShingle HF5601 Accounting
Saidin, Saidatunur Fauzi
Malek, Mazrah
Ibrahim, Daing Nasir
Kee, Phua Lian
Investors’ response on the deviation between quarterly and annual earnings
description Despite the benefits of timely information, concerns have been raised on the reliability of the quarterly accounts.The occurrence of deviation between audited annual accounts and cumulative quarterly accounts indicates the misstatements in the latter.This study examines investors’ response towards the occurrence of the deviation.Data is based on 792 listed companies of Bursa Malaysia in 2012.The results of the OLS regression show that the companies without earnings deviation have significantly higher earnings response coefficient than companies experiencing earnings deviation.It is also found that understated quarterly earnings companies have higher earnings response coefficient than overstated companies.Results imply that investors place higher reliability on the quarterly accounts produced by companies without earnings deviation. Higher reliability is placed on the understated quarterly earnings companies as compared to overstated companies.Findings suggest that investors do value the occurrence and types of earnings deviation.Therefore, steps should be taken to overcome the occurrence of deviation.
format Conference or Workshop Item
author Saidin, Saidatunur Fauzi
Malek, Mazrah
Ibrahim, Daing Nasir
Kee, Phua Lian
author_facet Saidin, Saidatunur Fauzi
Malek, Mazrah
Ibrahim, Daing Nasir
Kee, Phua Lian
author_sort Saidin, Saidatunur Fauzi
title Investors’ response on the deviation between quarterly and annual earnings
title_short Investors’ response on the deviation between quarterly and annual earnings
title_full Investors’ response on the deviation between quarterly and annual earnings
title_fullStr Investors’ response on the deviation between quarterly and annual earnings
title_full_unstemmed Investors’ response on the deviation between quarterly and annual earnings
title_sort investors’ response on the deviation between quarterly and annual earnings
publishDate 2017
url http://repo.uum.edu.my/21025/1/shsconf_four2017%201%207vvi.pdf
http://repo.uum.edu.my/21025/
http://doi.org/10.1051/shsconf/20173407002
_version_ 1644283123945439232
score 13.211869

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