Lee, Hsien-Li; Lee, Hua - In: Review of Quantitative Finance and Accounting 44 (2015) 3, pp. 445-471
This paper examines whether disclosure transparency, as measured by the rankings of “Information Disclosure and Transparency Ranking System” (IDTRS) constructed by Taiwan Securities and Futures Commission in 2003, reduces accrual anomaly and is useful particularly for sophisticated investors...