While an extensive literature exists on the market impact of accounting disclosures, there is little prior work on the market impact of accounting disclosures on investment trusts within the UK. The prior literature that exists suggests an absence of information content. This paper investigates...

This study uses the event study method to compare the information content of annual accounting releases in sectors that differ in respect of the proportion of market value that may be attributed to intangibles. The results demonstrate that there are differences between industrial sectors in the...