Johnston, Rick; Leone, Andrew J.; Ramnath, Sundaresh; … - In: Journal of Accounting and Economics 53 (2012) 1, pp. 271-289
Many firms define their fiscal quarters as 13-week periods so that each fiscal year contains 52 weeks, which leaves out one or two day(s) a year. To compensate, one extra week is added every fifth or sixth year and, consequently, one quarter therein comprises 14 weeks. We find evidence of...
