Corporate financial information disclosure process vs. event

This dissertation bridges the gap of knowledge between communication and financial research in the area of corporate information dissemination. Mainstream financial research views corporate disclosure of earnings as an event. Earnings estimates are important to the valuation of a firm. It would seem to be in the best interest of management to control the expectations of earnings surrounding its firm to achieve a fair market value for the firm's stock. This dissertation suggests that: (1) corporations consciously control the range of earnings estimates associated with their firms' quarterly earnings, (2) analysts are aware of the degree to which corporations are managing their projections, (3) the range in which corporations control the estimates surrounding their quarterly earnings is reflected in analysts' perceptions of corporations' communication abilities, and (4) the perception of analysts is correlated to the actual disparity of estimates surrounding a company's actual earnings.

Name thesis:degree_name

Ph.D.

Level thesis:degree_level

Dissertation

Discipline thesis:degree_discipline

Communications

Grantor

University of Illinois at Urbana-Champaign

Year dc:date

2011

Author dc:creator

• Ono, Connie Lee

Contributors dc:contributor

• Christians, Clifford G.

• Business Administration, Management
• Economics, Finance

Statement dc:rights

• Copyright 1990 Ono, Connie Lee

Language dc:language

eng

Identifier

AAI9114367
(UMI)AAI9114367

OAI identifier oai:identifier

oai:www.ideals.illinois.edu:2142/19160