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The effect of the COVID-19 pandemic on information disclosure: Evidence from China

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  • Wan, Zhao
  • Tian, Haowen

Abstract

Using Chinese data, this study examines the effect of COVID-19 pandemic on tendencies and characteristics of information disclosure. Results show that, due to uncertainty caused by the pandemic, it is difficult to make earnings forecasts. Further, during the pandemic, forecast precision and timeliness decrease. The results remain unchanged under difference-in-difference (DiD) estimation. The findings of this paper extend existing studies on the economic consequences of COVID-19 pandemic and the influencing factors of information disclosure, providing implications for corporate managers, investors, and regulators.

Suggested Citation

  • Wan, Zhao & Tian, Haowen, 2022. "The effect of the COVID-19 pandemic on information disclosure: Evidence from China," Economics Letters, Elsevier, vol. 217(C).
    • Handle: RePEc:eee:ecolet:v:217:y:2022:i:c:s0165176522002270
    DOI: 10.1016/j.econlet.2022.110678
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    References listed on IDEAS

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    Cited by:

    1. Xie, Wenlan & Tian, Haowen, 2023. "The effect of the COVID-19 pandemic on corporate trade credit financing," Economics Letters, Elsevier, vol. 232(C).
    2. Lee, Eugenia Y. & Ha, Wonsuk, 2022. "Electronic voting and strategic disclosure before shareholder meetings," Economics Letters, Elsevier, vol. 219(C).

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    More about this item

    Keywords

    COVID-19 pandemic; Information disclosure; Forecast precision; Forecast timeliness;
    All these keywords.

    JEL classification:

    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading

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