University of Illinois Urbana-Champaign

Corporate financial information disclosure process vs. event

Ono, Connie Lee

This item is only available for download by members of the University of Illinois community. Students, faculty, and staff at the U of I may log in with your NetID and password to view the item. If you are trying to access an Illinois-restricted dissertation or thesis, you can request a copy through your library's Inter-Library Loan office or purchase a copy directly from ProQuest.

Permalink

https://hdl.handle.net/2142/19160

Description

Title
Corporate financial information disclosure process vs. event
Author(s)
Ono, Connie Lee
Issue Date
1990
Doctoral Committee Chair(s)
Christians, Clifford G.
Department of Study
Communications
Discipline
Communications
Degree Granting Institution
University of Illinois at Urbana-Champaign
Degree Name
Ph.D.
Degree Level
Dissertation
Keyword(s)
  • Business Administration, Management
  • Economics, Finance
Language
eng
Abstract
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.
Type of Resource
text
Permalink
http://hdl.handle.net/2142/19160
Copyright and License Information
Copyright 1990 Ono, Connie Lee

Owning Collections

Graduate Dissertations and Theses at Illinois PRIMARY
Graduate Theses and Dissertations at Illinois
Dissertations - Communications