Are the stock prices influenced by the publication of the annual financial statements? Evidence from the Dow Jones Industrial Average View Full Text


Ontology type: schema:ScholarlyArticle     


Article Info

DATE

2019-04-02

AUTHORS

Silvia Angilella, Daniele Morelli

ABSTRACT

The impact of financial statements on the stock prices of listed companies after its publication has been reported and analyzed in several studies. On the basis of financial reporting, the evaluation of a company’s financial performance requires taking into account a plurality of indicators, which are related to profitability, liquidity and managerial performance. In this paper, we investigate whether the publication of the annual financial statements can influence the stock prices of listed companies. Empirical time series data of companies listed on the Dow Jones Industrial Average (DJIA) are used adopting a regression approach. From a different perspective of other papers the regression model proposed considers stock returns measured from the publication of the form 10-k to the disclosure of the quarterly financial statements in May. The obtained results confirm that stock prices are affected by the publication of the financial statements. Finally, the performed analysis also provides some useful guidelines to managers and investors. More... »

PAGES

1-10

Identifiers

URI

http://scigraph.springernature.com/pub.10.1007/s12351-019-00476-2

DOI

http://dx.doi.org/10.1007/s12351-019-00476-2

DIMENSIONS

https://app.dimensions.ai/details/publication/pub.1113199904


Indexing Status Check whether this publication has been indexed by Scopus and Web Of Science using the SN Indexing Status Tool
Incoming Citations Browse incoming citations for this publication using opencitations.net

JSON-LD is the canonical representation for SciGraph data.

TIP: You can open this SciGraph record using an external JSON-LD service: JSON-LD Playground Google SDTT

[
  {
    "@context": "https://springernature.github.io/scigraph/jsonld/sgcontext.json", 
    "about": [
      {
        "id": "http://purl.org/au-research/vocabulary/anzsrc-for/2008/1502", 
        "inDefinedTermSet": "http://purl.org/au-research/vocabulary/anzsrc-for/2008/", 
        "name": "Banking, Finance and Investment", 
        "type": "DefinedTerm"
      }, 
      {
        "id": "http://purl.org/au-research/vocabulary/anzsrc-for/2008/15", 
        "inDefinedTermSet": "http://purl.org/au-research/vocabulary/anzsrc-for/2008/", 
        "name": "Commerce, Management, Tourism and Services", 
        "type": "DefinedTerm"
      }
    ], 
    "author": [
      {
        "affiliation": {
          "alternateName": "University of Catania", 
          "id": "https://www.grid.ac/institutes/grid.8158.4", 
          "name": [
            "Department of Economics and Business, University of Catania, Corso Italia, 55, Catania, Italy"
          ], 
          "type": "Organization"
        }, 
        "familyName": "Angilella", 
        "givenName": "Silvia", 
        "type": "Person"
      }, 
      {
        "affiliation": {
          "alternateName": "University of Catania", 
          "id": "https://www.grid.ac/institutes/grid.8158.4", 
          "name": [
            "Department of Economics and Business, University of Catania, Corso Italia, 55, Catania, Italy"
          ], 
          "type": "Organization"
        }, 
        "familyName": "Morelli", 
        "givenName": "Daniele", 
        "type": "Person"
      }
    ], 
    "citation": [
      {
        "id": "https://doi.org/10.1108/02686900910941131", 
        "sameAs": [
          "https://app.dimensions.ai/details/publication/pub.1014033879"
        ], 
        "type": "CreativeWork"
      }, 
      {
        "id": "https://doi.org/10.1016/j.jacceco.2007.01.001", 
        "sameAs": [
          "https://app.dimensions.ai/details/publication/pub.1017960373"
        ], 
        "type": "CreativeWork"
      }, 
      {
        "id": "https://doi.org/10.1016/s0165-4101(97)00015-3", 
        "sameAs": [
          "https://app.dimensions.ai/details/publication/pub.1024693272"
        ], 
        "type": "CreativeWork"
      }, 
      {
        "id": "https://doi.org/10.1111/j.1468-5957.1978.tb01059.x", 
        "sameAs": [
          "https://app.dimensions.ai/details/publication/pub.1025963654"
        ], 
        "type": "CreativeWork"
      }, 
      {
        "id": "https://doi.org/10.1506/7tpj-rxqn-tqc7-ffae", 
        "sameAs": [
          "https://app.dimensions.ai/details/publication/pub.1038702040"
        ], 
        "type": "CreativeWork"
      }, 
      {
        "id": "https://doi.org/10.1016/j.eswa.2007.06.039", 
        "sameAs": [
          "https://app.dimensions.ai/details/publication/pub.1045509846"
        ], 
        "type": "CreativeWork"
      }, 
      {
        "id": "https://doi.org/10.2307/2491464", 
        "sameAs": [
          "https://app.dimensions.ai/details/publication/pub.1069941064"
        ], 
        "type": "CreativeWork"
      }, 
      {
        "id": "https://doi.org/10.2307/2672906", 
        "sameAs": [
          "https://app.dimensions.ai/details/publication/pub.1070053160"
        ], 
        "type": "CreativeWork"
      }, 
      {
        "id": "https://doi.org/10.2307/2672934", 
        "sameAs": [
          "https://app.dimensions.ai/details/publication/pub.1070053184"
        ], 
        "type": "CreativeWork"
      }, 
      {
        "id": "https://doi.org/10.2307/2674685", 
        "sameAs": [
          "https://app.dimensions.ai/details/publication/pub.1070054062"
        ], 
        "type": "CreativeWork"
      }
    ], 
    "datePublished": "2019-04-02", 
    "datePublishedReg": "2019-04-02", 
    "description": "The impact of financial statements on the stock prices of listed companies after its publication has been reported and analyzed in several studies. On the basis of financial reporting, the evaluation of a company\u2019s financial performance requires taking into account a plurality of indicators, which are related to profitability, liquidity and managerial performance. In this paper, we investigate whether the publication of the annual financial statements can influence the stock prices of listed companies. Empirical time series data of companies listed on the Dow Jones Industrial Average (DJIA) are used adopting a regression approach. From a different perspective of other papers the regression model proposed considers stock returns measured from the publication of the form 10-k to the disclosure of the quarterly financial statements in May. The obtained results confirm that stock prices are affected by the publication of the financial statements. Finally, the performed analysis also provides some useful guidelines to managers and investors.", 
    "genre": "research_article", 
    "id": "sg:pub.10.1007/s12351-019-00476-2", 
    "inLanguage": [
      "en"
    ], 
    "isAccessibleForFree": false, 
    "isPartOf": [
      {
        "id": "sg:journal.1271390", 
        "issn": [
          "1109-2858", 
          "1866-1505"
        ], 
        "name": "Operational Research", 
        "type": "Periodical"
      }
    ], 
    "name": "Are the stock prices influenced by the publication of the annual financial statements? Evidence from the Dow Jones Industrial Average", 
    "pagination": "1-10", 
    "productId": [
      {
        "name": "doi", 
        "type": "PropertyValue", 
        "value": [
          "10.1007/s12351-019-00476-2"
        ]
      }, 
      {
        "name": "readcube_id", 
        "type": "PropertyValue", 
        "value": [
          "868fb5d8f232c30bf4a4cd87f2cd5d5095ecdc8b5445c7ae88769b7164f1dd40"
        ]
      }, 
      {
        "name": "dimensions_id", 
        "type": "PropertyValue", 
        "value": [
          "pub.1113199904"
        ]
      }
    ], 
    "sameAs": [
      "https://doi.org/10.1007/s12351-019-00476-2", 
      "https://app.dimensions.ai/details/publication/pub.1113199904"
    ], 
    "sdDataset": "articles", 
    "sdDatePublished": "2019-04-15T09:11", 
    "sdLicense": "https://scigraph.springernature.com/explorer/license/", 
    "sdPublisher": {
      "name": "Springer Nature - SN SciGraph project", 
      "type": "Organization"
    }, 
    "sdSource": "s3://com-uberresearch-data-dimensions-target-20181106-alternative/cleanup/v134/2549eaecd7973599484d7c17b260dba0a4ecb94b/merge/v9/a6c9fde33151104705d4d7ff012ea9563521a3ce/jats-lookup/v90/0000000376_0000000376/records_56158_00000006.jsonl", 
    "type": "ScholarlyArticle", 
    "url": "https://link.springer.com/10.1007%2Fs12351-019-00476-2"
  }
]
 

Download the RDF metadata as:  json-ld nt turtle xml License info

HOW TO GET THIS DATA PROGRAMMATICALLY:

JSON-LD is a popular format for linked data which is fully compatible with JSON.

curl -H 'Accept: application/ld+json' 'https://scigraph.springernature.com/pub.10.1007/s12351-019-00476-2'

N-Triples is a line-based linked data format ideal for batch operations.

curl -H 'Accept: application/n-triples' 'https://scigraph.springernature.com/pub.10.1007/s12351-019-00476-2'

Turtle is a human-readable linked data format.

curl -H 'Accept: text/turtle' 'https://scigraph.springernature.com/pub.10.1007/s12351-019-00476-2'

RDF/XML is a standard XML format for linked data.

curl -H 'Accept: application/rdf+xml' 'https://scigraph.springernature.com/pub.10.1007/s12351-019-00476-2'


 

This table displays all metadata directly associated to this object as RDF triples.

90 TRIPLES      21 PREDICATES      34 URIs      16 LITERALS      5 BLANK NODES

Subject Predicate Object
1 sg:pub.10.1007/s12351-019-00476-2 schema:about anzsrc-for:15
2 anzsrc-for:1502
3 schema:author N9ac1076bdfef40628e96e5c111325bf2
4 schema:citation https://doi.org/10.1016/j.eswa.2007.06.039
5 https://doi.org/10.1016/j.jacceco.2007.01.001
6 https://doi.org/10.1016/s0165-4101(97)00015-3
7 https://doi.org/10.1108/02686900910941131
8 https://doi.org/10.1111/j.1468-5957.1978.tb01059.x
9 https://doi.org/10.1506/7tpj-rxqn-tqc7-ffae
10 https://doi.org/10.2307/2491464
11 https://doi.org/10.2307/2672906
12 https://doi.org/10.2307/2672934
13 https://doi.org/10.2307/2674685
14 schema:datePublished 2019-04-02
15 schema:datePublishedReg 2019-04-02
16 schema:description The impact of financial statements on the stock prices of listed companies after its publication has been reported and analyzed in several studies. On the basis of financial reporting, the evaluation of a company’s financial performance requires taking into account a plurality of indicators, which are related to profitability, liquidity and managerial performance. In this paper, we investigate whether the publication of the annual financial statements can influence the stock prices of listed companies. Empirical time series data of companies listed on the Dow Jones Industrial Average (DJIA) are used adopting a regression approach. From a different perspective of other papers the regression model proposed considers stock returns measured from the publication of the form 10-k to the disclosure of the quarterly financial statements in May. The obtained results confirm that stock prices are affected by the publication of the financial statements. Finally, the performed analysis also provides some useful guidelines to managers and investors.
17 schema:genre research_article
18 schema:inLanguage en
19 schema:isAccessibleForFree false
20 schema:isPartOf sg:journal.1271390
21 schema:name Are the stock prices influenced by the publication of the annual financial statements? Evidence from the Dow Jones Industrial Average
22 schema:pagination 1-10
23 schema:productId Na157bf4b138943c99db89ecaae95e75b
24 Nae638d53970a42089b832745d52edecf
25 Nd5b5f739c5414ac5adf96a3d9111264b
26 schema:sameAs https://app.dimensions.ai/details/publication/pub.1113199904
27 https://doi.org/10.1007/s12351-019-00476-2
28 schema:sdDatePublished 2019-04-15T09:11
29 schema:sdLicense https://scigraph.springernature.com/explorer/license/
30 schema:sdPublisher N13507b9563114bb2ba5aa6a98d41766e
31 schema:url https://link.springer.com/10.1007%2Fs12351-019-00476-2
32 sgo:license sg:explorer/license/
33 sgo:sdDataset articles
34 rdf:type schema:ScholarlyArticle
35 N13507b9563114bb2ba5aa6a98d41766e schema:name Springer Nature - SN SciGraph project
36 rdf:type schema:Organization
37 N36ea94c145f643f097ed995e755a4314 schema:affiliation https://www.grid.ac/institutes/grid.8158.4
38 schema:familyName Angilella
39 schema:givenName Silvia
40 rdf:type schema:Person
41 N5a9f402b68204e258ceaf5b328ebb6ce rdf:first N7a2df1fc2809464fa9263c8f1c2f4638
42 rdf:rest rdf:nil
43 N7a2df1fc2809464fa9263c8f1c2f4638 schema:affiliation https://www.grid.ac/institutes/grid.8158.4
44 schema:familyName Morelli
45 schema:givenName Daniele
46 rdf:type schema:Person
47 N9ac1076bdfef40628e96e5c111325bf2 rdf:first N36ea94c145f643f097ed995e755a4314
48 rdf:rest N5a9f402b68204e258ceaf5b328ebb6ce
49 Na157bf4b138943c99db89ecaae95e75b schema:name dimensions_id
50 schema:value pub.1113199904
51 rdf:type schema:PropertyValue
52 Nae638d53970a42089b832745d52edecf schema:name doi
53 schema:value 10.1007/s12351-019-00476-2
54 rdf:type schema:PropertyValue
55 Nd5b5f739c5414ac5adf96a3d9111264b schema:name readcube_id
56 schema:value 868fb5d8f232c30bf4a4cd87f2cd5d5095ecdc8b5445c7ae88769b7164f1dd40
57 rdf:type schema:PropertyValue
58 anzsrc-for:15 schema:inDefinedTermSet anzsrc-for:
59 schema:name Commerce, Management, Tourism and Services
60 rdf:type schema:DefinedTerm
61 anzsrc-for:1502 schema:inDefinedTermSet anzsrc-for:
62 schema:name Banking, Finance and Investment
63 rdf:type schema:DefinedTerm
64 sg:journal.1271390 schema:issn 1109-2858
65 1866-1505
66 schema:name Operational Research
67 rdf:type schema:Periodical
68 https://doi.org/10.1016/j.eswa.2007.06.039 schema:sameAs https://app.dimensions.ai/details/publication/pub.1045509846
69 rdf:type schema:CreativeWork
70 https://doi.org/10.1016/j.jacceco.2007.01.001 schema:sameAs https://app.dimensions.ai/details/publication/pub.1017960373
71 rdf:type schema:CreativeWork
72 https://doi.org/10.1016/s0165-4101(97)00015-3 schema:sameAs https://app.dimensions.ai/details/publication/pub.1024693272
73 rdf:type schema:CreativeWork
74 https://doi.org/10.1108/02686900910941131 schema:sameAs https://app.dimensions.ai/details/publication/pub.1014033879
75 rdf:type schema:CreativeWork
76 https://doi.org/10.1111/j.1468-5957.1978.tb01059.x schema:sameAs https://app.dimensions.ai/details/publication/pub.1025963654
77 rdf:type schema:CreativeWork
78 https://doi.org/10.1506/7tpj-rxqn-tqc7-ffae schema:sameAs https://app.dimensions.ai/details/publication/pub.1038702040
79 rdf:type schema:CreativeWork
80 https://doi.org/10.2307/2491464 schema:sameAs https://app.dimensions.ai/details/publication/pub.1069941064
81 rdf:type schema:CreativeWork
82 https://doi.org/10.2307/2672906 schema:sameAs https://app.dimensions.ai/details/publication/pub.1070053160
83 rdf:type schema:CreativeWork
84 https://doi.org/10.2307/2672934 schema:sameAs https://app.dimensions.ai/details/publication/pub.1070053184
85 rdf:type schema:CreativeWork
86 https://doi.org/10.2307/2674685 schema:sameAs https://app.dimensions.ai/details/publication/pub.1070054062
87 rdf:type schema:CreativeWork
88 https://www.grid.ac/institutes/grid.8158.4 schema:alternateName University of Catania
89 schema:name Department of Economics and Business, University of Catania, Corso Italia, 55, Catania, Italy
90 rdf:type schema:Organization
 




Preview window. Press ESC to close (or click here)


...