Statistical Studies of Financial Reports and Stock Markets
Yale University - School of Management
September 13, 2011
It is often claimed that statistical studies of covariation between financial and stock market data can help set better financial reporting policy. Such covariation, even when it can be estimated, tells us little about which financial reports help make better financial decisions. A case in support of such claims remains to be made.
Number of Pages in PDF File: 7
Keywords: financial reporting policy, efficient markets, statistical covariation
JEL Classification: M41working papers series
Date posted: September 14, 2011
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