Haung, Meng; Marsden, Alastair; Poskitt, Russell - Victoria Business School, Victoria University of Wellington - 2006
Act 1988 enacted in December 2002. These reforms provided statutory backing for a continuous disclosure listing rule … Helfin et al. (2003) to test the impact of Regulation FD in the US. Our results show that under New Zealand's continuous … disclosure regime analysts' earnings forecast errors did not decline but that analysts' forecasts showed less dispersion in the …