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COVID-19 profit warnings: Delivering bad news in a time of crisis

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  • Brennan, Niamh M.
  • Edgar, Victoria C.
  • Power, Sean Bradley

Abstract

Profit warnings (large negative earnings surprises) are important corporate reporting documents for delivering bad news and a distinctive corporate communication genre. The 2020 COVID-19 exogenous shock provides a unique worldwide crisis context for company disclosure of bad news.

Suggested Citation

  • Brennan, Niamh M. & Edgar, Victoria C. & Power, Sean Bradley, 2022. "COVID-19 profit warnings: Delivering bad news in a time of crisis," The British Accounting Review, Elsevier, vol. 54(2).
    • Handle: RePEc:eee:bracre:v:54:y:2022:i:2:s0890838921000809
    DOI: 10.1016/j.bar.2021.101054
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    4. Helliar, C.V. & Lowies, B. & Suryawathy, I.G.A. & Whait, R. & Lushington, K., 2022. "The genre of banking financial product information: The characters, the setting, the plot and the story," The British Accounting Review, Elsevier, vol. 54(5).

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