FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W2795164085> ?p ?o ?g. }

• W2795164085 endingPage "311" @default.
• W2795164085 startingPage "265" @default.
• W2795164085 abstract "This study investigates the effect of financial statement comparability on the divergence of opinion among investors in Korea. As prior research shows that the behavior of investors is different from that of analysts, we further examine whether investors will respond differently to comparability, as analysts do. Specifically, we focus on the investor and empirically test for associations between measures of financial statement comparability and measures of investors` uncertainty regarding the information conveyed in financial statements. Comparable financial statements allow investors to better interpret financial statement information with lower costs by enabling them to identify similarities and differences among a firm`s economic events, thus better anticipating the future performance of the firm. Investors perceive lower comparability to be an indicator of greater uncertainty regarding future earnings forecasts, resulting in a greater disagreement among investors. We use De Franco et al. (2011)`s measure of comparability based on the distance between accounting earnings for two firms with identical economic events. We use Com prix et al. (2011) and Kim et al. (2012)`s measures of investor uncertainty. They are: (1) share turnover, (2) unexpected share turnover, (3) return volatility, (4) unexpected return volatility, and (5) analysts` forecast dispersion. To test the association between comparability and divergence of opinion among investors, we collected data listed in the Korean Stock Exchange from 2003 to 2011 fiscal year. Using 4,092 firm-year observations, the result supports the hypothesis that financial statement comparability is negatively associated with divergence of opinion among investors. High comparable financial statements make it possible for information users to better interpret financial statement information with lower costs and decrease the divergence of opinion among investors. This study contributes to the literature on accounting and divergence of opinion in Korea from an investor`s perspective, and to the growing literature that examines the benefits of financial statement comparability by providing evidence that investors respond differently to comparability as analysts do, and reduce divergence of opinion among investors in Korea. This study also provides direct evidence supporting the IFRS`s (2010) assertion that comparability enhances the decision usefulness of accounting information." @default.
• W2795164085 created "2018-04-06" @default.
• W2795164085 creator A5076805478 @default.
• W2795164085 creator A5077038657 @default.
• W2795164085 date "2014-01-01" @default.
• W2795164085 modified "2023-09-23" @default.
• W2795164085 title "The Effect of Financial Statement Comparability on Divergence of Opinion among Investors" @default.
• W2795164085 hasPublicationYear "2014" @default.
• W2795164085 type Work @default.
• W2795164085 sameAs 2795164085 @default.
• W2795164085 citedByCount "0" @default.
• W2795164085 crossrefType "journal-article" @default.
• W2795164085 hasAuthorship W2795164085A5076805478 @default.
• W2795164085 hasAuthorship W2795164085A5077038657 @default.
• W2795164085 hasConcept C10138342 @default.
• W2795164085 hasConcept C114614502 @default.
• W2795164085 hasConcept C121955636 @default.
• W2795164085 hasConcept C140060971 @default.
• W2795164085 hasConcept C144133560 @default.
• W2795164085 hasConcept C162118730 @default.
• W2795164085 hasConcept C162324750 @default.
• W2795164085 hasConcept C197947376 @default.
• W2795164085 hasConcept C199521495 @default.
• W2795164085 hasConcept C2781027943 @default.
• W2795164085 hasConcept C2781426361 @default.
• W2795164085 hasConcept C33923547 @default.
• W2795164085 hasConcept C91602232 @default.
• W2795164085 hasConcept C98014903 @default.
• W2795164085 hasConceptScore W2795164085C10138342 @default.
• W2795164085 hasConceptScore W2795164085C114614502 @default.
• W2795164085 hasConceptScore W2795164085C121955636 @default.
• W2795164085 hasConceptScore W2795164085C140060971 @default.
• W2795164085 hasConceptScore W2795164085C144133560 @default.
• W2795164085 hasConceptScore W2795164085C162118730 @default.
• W2795164085 hasConceptScore W2795164085C162324750 @default.
• W2795164085 hasConceptScore W2795164085C197947376 @default.
• W2795164085 hasConceptScore W2795164085C199521495 @default.
• W2795164085 hasConceptScore W2795164085C2781027943 @default.
• W2795164085 hasConceptScore W2795164085C2781426361 @default.
• W2795164085 hasConceptScore W2795164085C33923547 @default.
• W2795164085 hasConceptScore W2795164085C91602232 @default.
• W2795164085 hasConceptScore W2795164085C98014903 @default.
• W2795164085 hasIssue "2" @default.
• W2795164085 hasLocation W27951640851 @default.
• W2795164085 hasOpenAccess W2795164085 @default.
• W2795164085 hasPrimaryLocation W27951640851 @default.
• W2795164085 hasRelatedWork W1843463970 @default.
• W2795164085 hasRelatedWork W1990111196 @default.
• W2795164085 hasRelatedWork W2006159400 @default.
• W2795164085 hasRelatedWork W2065852631 @default.
• W2795164085 hasRelatedWork W2090458670 @default.
• W2795164085 hasRelatedWork W2113623865 @default.
• W2795164085 hasRelatedWork W2203096560 @default.
• W2795164085 hasRelatedWork W2253413683 @default.
• W2795164085 hasRelatedWork W2512629416 @default.
• W2795164085 hasRelatedWork W2892143279 @default.
• W2795164085 hasRelatedWork W2900590343 @default.
• W2795164085 hasRelatedWork W2980994311 @default.
• W2795164085 hasRelatedWork W2981771929 @default.
• W2795164085 hasRelatedWork W3121781290 @default.
• W2795164085 hasRelatedWork W3122205324 @default.
• W2795164085 hasRelatedWork W3124691714 @default.
• W2795164085 hasRelatedWork W3155542142 @default.
• W2795164085 hasRelatedWork W966808007 @default.
• W2795164085 hasRelatedWork W2186158430 @default.
• W2795164085 hasRelatedWork W2613696394 @default.
• W2795164085 hasVolume "39" @default.
• W2795164085 isParatext "false" @default.
• W2795164085 isRetracted "false" @default.
• W2795164085 magId "2795164085" @default.
• W2795164085 workType "article" @default.