Abnormal Stock Performance of Late Filing Firms: Additional Investigation

51 Pages Posted: 15 Jun 2008

See all articles by Mikhail Pevzner

Mikhail Pevzner

University of Baltimore - Merrick School of Business

Date Written: June 2006

Abstract

This paper examines whether the previously observed future under performance of the portfolio of the late 10-K filing firms exists in post EDGAR period and any reasons for the observed under-performance. I find that there is some evidence of under-performance of the portfolio of the late filing firms. I further find that in post-EDGAR period, the late filing firms have higher de-listing probabilities and that the observed under-performance is driven by the future negative stock performance of the sample of the de-listed late filing firms. I conclude that, in post-EDGAR period the market generally correctly values late filing firms.

Keywords: Late filings, 10-K, abnormal stock performance, restatement, delisting

JEL Classification: M41

Suggested Citation

Pevzner, Mikhail, Abnormal Stock Performance of Late Filing Firms: Additional Investigation (June 2006). Available at SSRN: https://ssrn.com/abstract=1144767 or http://dx.doi.org/10.2139/ssrn.1144767

Mikhail Pevzner (Contact Author)

University of Baltimore - Merrick School of Business ( email )

1420 N. Charles St.
Baltimore, MD 21201-5779
United States

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