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ADDITIONAL EVIDENCE ON THE INCREMENTAL INFORMATION CONTENT OF THE 10‐K
Author(s) -
Foster Taylor W.,
Jenkins D. Randall,
Vickrey Don W.
Publication year - 1983
Publication title -
journal of business finance and accounting
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.282
H-Index - 77
eISSN - 1468-5957
pISSN - 0306-686X
DOI - 10.1111/j.1468-5957.1983.tb00412.x
Subject(s) - content (measure theory) , shareholder , aggregate (composite) , perspective (graphical) , phrase , earnings , set (abstract data type) , economics , econometrics , accounting , computer science , mathematics , finance , artificial intelligence , mathematical analysis , corporate governance , materials science , composite material , programming language
The goal of this investigation is to provide additional evidence concerning the incremental information content of the 10‐K from the aggregate market perspective. As in Foster and Vickrey (1978), the phrase, incremental information content of the 10‐K, refers to the information content of the data set in the 10‐K which is in excess of that which is contained in the related annual report to shareholders and other preceding announcements such as earnings releases. The statistical procedures seem to imply that the 10‐K did not, in general, possess incremental information content from the aggregate perspective for the firms considered herein.