Please use this identifier to cite or link to this item:
http://hdl.handle.net/10397/106805
DC Field | Value | Language |
---|---|---|
dc.contributor | School of Accounting and Finance | - |
dc.creator | Bourveau, T | - |
dc.creator | Li, X | - |
dc.creator | Macciocchi, D | - |
dc.creator | Sun, C | - |
dc.date.accessioned | 2024-06-04T07:39:52Z | - |
dc.date.available | 2024-06-04T07:39:52Z | - |
dc.identifier.issn | 0823-9150 | - |
dc.identifier.uri | http://hdl.handle.net/10397/106805 | - |
dc.language.iso | en | en_US |
dc.publisher | Canadian Academic Accounting Association | en_US |
dc.rights | © 2023 The Authors. Contemporary Accounting Research published by Wiley Periodicals LLC on behalf of Canadian AcademicAccounting Association. | en_US |
dc.rights | This is an open access article under the terms of the Creative Commons Attribution-NonCommercial-NoDerivs License (https://creativecommons.org/licenses/by-nc-nd/4.0/), which permits use and distribution in any medium, provided the original work is properly cited, the use is non-commercial and no modifications or adaptations are made. | en_US |
dc.rights | The following publication Bourveau, T., Li, X., Macciocchi, D., & Sun, C. (2023). Mutual funds' reporting frequency and firms' responses to undervaluation: The role of share repurchases. Contemporary Accounting Research, 40(4), 2616–2642 is available at https://doi.org/10.1111/1911-3846.12887. | en_US |
dc.subject | mutual funds | en_US |
dc.subject | myopia | en_US |
dc.subject | reporting frequency | en_US |
dc.subject | share repurchases | en_US |
dc.title | Mutual funds' reporting frequency and firms' responses to undervaluation : The role of share repurchases | en_US |
dc.type | Journal/Magazine Article | en_US |
dc.identifier.spage | 2616 | - |
dc.identifier.epage | 2642 | - |
dc.identifier.volume | 40 | - |
dc.identifier.issue | 4 | - |
dc.identifier.doi | 10.1111/1911-3846.12887 | - |
dcterms.abstract | We examine a regulatory change that increased the reporting frequency of mutual funds' portfolios. Using a difference-in-differences design, we find that firms with greater ownership by mutual funds increase share repurchases following the regulatory change. We show that these share repurchases are a firm's rational response to undervaluation, which occurs because fund managers become shortsighted following the regulation and sell companies with good long-term prospects. Collectively, our results shed light on an unintended consequence of more frequent reporting in a delegated asset management framework. | - |
dcterms.accessRights | open access | en_US |
dcterms.bibliographicCitation | Contemporary accounting research, Winter 2023, v. 40, no. 4, p. 2616-2642 | - |
dcterms.isPartOf | Contemporary accounting research | - |
dcterms.issued | 2023 | - |
dc.identifier.scopus | 2-s2.0-85171546607 | - |
dc.identifier.eissn | 1911-3846 | - |
dc.description.validate | 202406 bcch | - |
dc.description.oa | Version of Record | en_US |
dc.identifier.FolderNumber | a2747 | en_US |
dc.identifier.SubFormID | 48217 | en_US |
dc.description.fundingSource | Self-funded | en_US |
dc.description.pubStatus | Published | en_US |
dc.description.oaCategory | CC | en_US |
Appears in Collections: | Journal/Magazine Article |
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File | Description | Size | Format | |
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Bourveau_Mutual_Funds_Reporting.pdf | 1.09 MB | Adobe PDF | View/Open |
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