The Incremental Information Content of the 10-K.

Taylor W. Foster III; Don Vickrey

doi:10.2308/tar-4482515

The Incremental Information Content of the 10-K.

Taylor W. Foster III¹; Don Vickrey²

¹ Assistant Professor of Accounting, the University of Arizona. 1 · ² Associate Professor of Accounting, the University of Arizona. 2

The Accounting Review 1978

Abstract Abstract: The goal of this study is to investigate the incremental information content of the 10-K (i.e., the information content of the data which are contained in the 10-K, but which are not included in the annual report) from a market perspective. This objective was accomplished by examining aggregate market reaction to the 10-K via several statistical procedures. Each of these procedures appears to imply that the market, in the aggregate, uses the incremental data in the 10-K in setting equilibrium security prices and, consequently, that this data set possesses information content.

DOI: 10.2308/tar-4482515
Volume: 53 (4)
Pages: 921-934
Language: en
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