Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/107869
PIRA download icon_1.1View/Download Full Text
DC FieldValueLanguage
dc.contributorSchool of Accounting and Financeen_US
dc.creatorWei, Cen_US
dc.creatorZhang, Len_US
dc.date.accessioned2024-07-15T07:55:25Z-
dc.date.available2024-07-15T07:55:25Z-
dc.identifier.issn0025-1909en_US
dc.identifier.urihttp://hdl.handle.net/10397/107869-
dc.language.isoenen_US
dc.publisherInstitute for Operations Research and the Management Sciencesen_US
dc.rights© 2022 INFORMSen_US
dc.rightsThis is the accepted manuscript of the following article: Wei, C., & Zhang, L. (2023). Trust in financial markets: Evidence from reactions to earnings news. Management Science, 69(10), 6393-6415, which has been published in final form at https://doi.org/10.1287/mnsc.2022.4569.en_US
dc.subjectAccountingen_US
dc.subjectAsset pricingen_US
dc.subjectBehavior and behavioral decision makingen_US
dc.subjectEconomicsen_US
dc.subjectFinanceen_US
dc.titleTrust in financial markets : evidence from reactions to earnings newsen_US
dc.typeJournal/Magazine Articleen_US
dc.identifier.spage6393en_US
dc.identifier.epage6415en_US
dc.identifier.volume69en_US
dc.identifier.issue10en_US
dc.identifier.doi10.1287/mnsc.2022.4569en_US
dcterms.abstractThis paper studies the effect of trust on the perceived credibility of earnings news. Using earnings response coefficients, we find that firms located in low-trust regions of the United States experience significantly lower stock price reactions to earnings news. Additional tests indicate that managers can counterbalance investors' dependence on trust by employing reputable auditors or signaling the quality of their earnings using dividends to improve the perceived credibility of their financial reports. Overall, our findings suggest that trust affects the pricing of earnings news in capital markets.en_US
dcterms.accessRightsopen accessen_US
dcterms.bibliographicCitationManagement science, Oct. 2023, v. 69, no. 10, p. 6393-6415en_US
dcterms.isPartOfManagement scienceen_US
dcterms.issued2023-10-
dc.identifier.scopus2-s2.0-85176322671-
dc.identifier.eissn1526-5501en_US
dc.description.validate202407 bcwhen_US
dc.description.oaAccepted Manuscripten_US
dc.identifier.FolderNumbera3038-
dc.identifier.SubFormID49253-
dc.description.fundingSourceOthersen_US
dc.description.fundingTextMinistry of Education (Singapore) [Grant RG161/14]en_US
dc.description.pubStatusPublisheden_US
dc.description.oaCategoryGreen (AAM)en_US
Appears in Collections:Journal/Magazine Article
Files in This Item:
File Description SizeFormat 
Wei_Trust_Financial_Markets.pdfPre-Published version823.48 kBAdobe PDFView/Open
Open Access Information
Status open access
File Version Final Accepted Manuscript
Access
View full-text via PolyU eLinks SFX Query
Show simple item record

Page views

80
Citations as of Nov 10, 2025

Downloads

120
Citations as of Nov 10, 2025

SCOPUSTM   
Citations

6
Citations as of Dec 19, 2025

WEB OF SCIENCETM
Citations

4
Citations as of Dec 18, 2025

Google ScholarTM

Check

Altmetric


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.