Not logged in.
Quick Search - Contribution
Contribution Details
| Type | Bachelor's Thesis |
| Scope | Discipline-based scholarship |
| Title | Value reporting quality and information asymmetry: Evidence from the COVID-19 crisis |
| Organization Unit | |
| Authors |
|
| Supervisors |
|
| Language |
|
| Institution | University of Zurich |
| Faculty | Faculty of Business, Economics and Informatics |
| Number of Pages | 78 |
| Date | 2021 |
| Abstract Text | This thesis examines the relationship between firms’ disclosure quality and information asymmetry following the exogenous shock COVID-19 by estimating a multiple OLS regression analysis. I found evidence that firms with better past disclosure fundamentally faced lower information asymmetry, indicating that disaggregated annual reports bear value well after their release. During times of increased uncertainty, however, this effect is limited, which can be observed by a convergence of the importance of high- and low-quality past disclosures during March 2020. This suggests that in the information aggregations process of investors, past annual reports lose value and get substituted by post-event information. |
| Export |
BibTeX
|