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March 18, 2026The Accounting Review

Some Evidence on Investor Actions and Accounting Messages-Part II.

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Authors

NGNicholas J. GonedesUniversity of Chicago

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Overview

The article evaluates how annual reports affect stockholder actions, suggesting important implications for investors.

Key Points

  • This research aims to assess the effect of annual accounting reports on investors' price expectations.
  • Applied regression models from Part I to data from eighty firms.
  • Selected sample firms from all December fiscal-year companies between 1947 and 1966.
  • Used accounting metrics like net income and equity to create ratios for analysis.
  • Identified significant relationships between accounting data and changes in investors' price expectations.
  • Demonstrated how specific financial metrics influence market reactions.

Cite This Study

Nicholas J. Gonedes (1971) studied this question.

synapsesocial.com/papers/69ba42bc4e9516ffd37a34e9https://doi.org/10.2308/tar-4488725
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1Accounting Reports, Policy Interventions and the Behavior of Securities Returns.1976
  2. 2Some Evidence on Investor Actions and Accounting Messages--Part 1.1971
  3. 3The Effect of Firms' Financial Disclosure Strategies on Stock Prices.1993 · 9 citations
  4. 4An Evaluation of External Reporting Practices: A Report of the 1966-68 Committee on External Reporting.1969
  5. 5Empirical Evidence- A Reply.1970