Do the financial statements of intangible-intensive companies hold less information content for investors?

Ian Fraser, Heather Tarbert, Kai Hong Tee

Research output: Contribution to journalArticle

2 Citations (Scopus)

Abstract

This study uses the event study method to compare the information content of annual accounting releases in sectors that differ in respect of the proportion of market value that may be attributed to intangibles. The results demonstrate that there are differences between industrial sectors in the share price reaction to accounting events and that this reaction appears to be much less significant in sectors where the investment in intangible assets is relatively high.
Original languageEnglish
Pages (from-to)1433-1438
JournalApplied Financial Economics
Volume19
Issue number17
DOIs
Publication statusPublished - 2009

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