Extensions and Violations of the Statutory Sec Form 10-K Filing Requirements
Language: English
Published by Forgotten Books, 2018
- Softcover
- New
Seller: Forgotten Books, London, United KingdomForgotten Books
AbeBooks seller since June 2, 2021
Condition: New
£ 13.56
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Print on Demand. This book examines filings with the US Securities and Exchange Commission (SEC). The author finds that up to 20% of these filings are late. This is significant because it means that non-earnings financial statement information is not always available to the public within three months of a company's fiscal year-end. Studies often rely on publicly available, non-earnings financial statement information to predict events such as mergers or changes in stock returns. The author finds that late filings are not random, rather, companies experiencing unfavorable economic events are more likely to file late. These companies are also more likely to have smaller firm size, negative accounting rates of return, negative changes in earnings, lower liquidity, higher financial leverage, and experience negative market-adjusted stock returns. Thus, studies assuming this information is available within three months of fiscal year-end could be misclassifying firms and introducing bias into their results. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book.…
Seller Inventory # 9781333741020_0
- Title
- Extensions and Violations of the Statutory Sec Form 10-K Filing Requirements
- Author
- Andrew William Alford, Jennifer J. Jones
- Publisher
- Forgotten Books
- Publication year
- 2018
- Condition
- New
- Book Type
- print-on-demand item
- Binding
- Paperback
- Language
- English
- ISBN 10
- 1333741022
- ISBN 13
- 9781333741020
- Seller catalogs
- Business
To examine the conditions under which firms delay their 10-k filings, we collected a sample of 182 actual Form 12b-25 filings from the sec. We document the reason stated by the firm for its inability to file a timely 10-k and if the firm expected a significant change in the results of its operations (required disclosures in Form 12b Our analysis of this sample indicates that most firms delay their 10-k filing because of reasons related to financial distress.5 Some firms with delayed 10-k filings, however, are not experiencing financial distress, but are involved in other activities such as acquisitions or mergers that cause a delay in the 10-k filing. Consistent with the majority of the firms experiencing financial distress, 31 percent of the firms stated that earnings for the current fiscal period were expected to be significantly less than earnings in the previous period, while only 10 percent stated that earnings for the current fiscal period were expected to be significantly greater that earnings in the previous period.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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Forgotten Books
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Forgotten Books’ Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the quality of the aged text.
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Forgotten Books publishes hundreds of thousands of rare and classic books.
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
This text has been digitally restored from a historical edition. Some errors may persist, however we consider it worth publishing due to the work's historical value.
The digital edition of all books may be viewed before purchase if you request a sample.
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