Dimmer M, Henselmann K (2021)
Publication Type: Other publication type
Publication year: 2021
Due to the extensive reporting requirements in the U.S., potential investors have to consider which information provided by companies is really important. Various stud-ies have shown that certain reports contain valuable information that can help to ex-plain the future development of a company. In current research, approaches focus on examining individual report types in detail. However, since there are several hundred different types of reports in the U.S., it is likely that one type of report is not sufficient to provide comprehensive information about a company. On the other hand, it is also apparent that the large volume of information makes a detailed analysis of all infor-mation in reports almost impossible. The aim of this study is therefore to conduct a preliminary selection. That is, starting from all published reports of companies, to find the combination of reports that have the greatest explanatory power for the develop-ment of companies in the capital market.
This study is based on 1,649,650 reports published by 3,228 companies in the EDGAR database of the SEC. The results of the binary logistic regressions performed show that it is possible to predict a company's performance in the capital market based on the type and number of reports filed. The results remain robust to adjustments in the research design.
APA:
Dimmer, M., & Henselmann, K. (2021). The Influence of Filing Behavior on Stock Returns - Empirical Evidence from the U.S.
MLA:
Dimmer, Michael, and Klaus Henselmann. The Influence of Filing Behavior on Stock Returns - Empirical Evidence from the U.S. 2021.
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