Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/65923
Full metadata record
DC FieldValueLanguage
dc.contributor.authorQiang, Wei
dc.date.accessioned2016-01-21T03:59:36Z
dc.date.available2016-01-21T03:59:36Z
dc.date.issued2016
dc.identifier.citationQiang, W. (2016). Do SEC reviews of corporate filings improve the information environment? Doctoral thesis, Nanyang Technological University, Singapore
dc.identifier.urihttp://hdl.handle.net/10356/65923
dc.description.abstractThis paper examines how investors perceive the SEC review process for corporate filings. During the course of a review, the SEC staff can issue letters requesting that a company amend a previously-issued filing or include more information in its future filing. If SEC comment letters provide useful information to investors I should observe significant market reactions when the letters are disseminated to investors. Moreover, if the comments improve corporate disclosures, I should observe that investors respond more strongly to filings that were amended or revised as a result of the comment letter process. I find the market reactions to the dissemination of SEC comment letters are small and typically insignificant. The market reacts negatively to amended filings and the market reactions are more negative when the amendments are triggered by SEC comments, although these market reactions are quantitatively small. I also find that investors do not perceive future filings as more informative than the filings previously commented on by the SEC staff. Collectively, my evidence suggests that investors perceive little information content in SEC comment letters and firms’ responses to SEC comment letters.en_US
dc.format.extent74 p.en_US
dc.language.isoenen_US
dc.subjectDRNTU::Business::Accounting::Disclosureen_US
dc.subjectDRNTU::Business::Finance::Capital marketen_US
dc.titleDo SEC reviews of corporate filings improve the information environment?en_US
dc.typeThesis
dc.contributor.supervisorClive Steven Lennoxen_US
dc.contributor.schoolCollege of Business (Nanyang Business School)en_US
dc.description.degreeDoctor of Philosophy (NBS)en_US
item.fulltextWith Fulltext-
item.grantfulltextrestricted-
Appears in Collections:NBS Theses
Files in This Item:
File Description SizeFormat 
SEC comment letters-QIANG WEI.pdf
  Restricted Access
Main article907.63 kBAdobe PDFView/Open

Page view(s) 50

247
checked on Oct 20, 2020

Download(s) 50

20
checked on Oct 20, 2020

Google ScholarTM

Check

Items in DR-NTU are protected by copyright, with all rights reserved, unless otherwise indicated.