Department of Accounting, Faculty of Management and Economics, Shahid Bahonar University of Kerman, Kerman, Iran.
Abstract
Prior researches on intra-industry information transfer show that industry peers’ reports provide informative information about individual firms and documented significant stock price responses to industry peers’ announcement of financial information. It seems that this phenomenon and comparative management performance evaluations in industries with highly related environments leads to changes in management behavior and information environment attributes in this industries. In this study, we examined the relationship of intra-industry connectedness with firm’s earnings response coefficient, earnings forecasts quantity and cost of capital. Our results show significant negative relation between intra-industry connectedness and earnings response coefficient and cost of capital and a positive relation between intra-industry connectedness and management earnings forecasts quantity.
Sajjadi,Z. and pourhaidari,O. (2018). Intra-Industry Connectedness, Earnings Response Coefficient, Earnings Forecasts Quantity and Cost of Capital.. Applied Research in Financial Reporting, 6(2), 203-232.
MLA
Sajjadi,Z. , and pourhaidari,O. . "Intra-Industry Connectedness, Earnings Response Coefficient, Earnings Forecasts Quantity and Cost of Capital.", Applied Research in Financial Reporting, 6, 2, 2018, 203-232.
HARVARD
Sajjadi Z., pourhaidari O. (2018). 'Intra-Industry Connectedness, Earnings Response Coefficient, Earnings Forecasts Quantity and Cost of Capital.', Applied Research in Financial Reporting, 6(2), pp. 203-232.
CHICAGO
Z. Sajjadi and O. pourhaidari, "Intra-Industry Connectedness, Earnings Response Coefficient, Earnings Forecasts Quantity and Cost of Capital.," Applied Research in Financial Reporting, 6 2 (2018): 203-232,
VANCOUVER
Sajjadi Z., pourhaidari O. Intra-Industry Connectedness, Earnings Response Coefficient, Earnings Forecasts Quantity and Cost of Capital.. Applied Research in Financial Reporting, 2018; 6(2): 203-232.
