Why would share prices have a greater reaction to the profit announcements released by small firms compared

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Why would share prices have a greater reaction to the profit announcements released by small firms compared with those released by large firms? Do you think this research has any implications for 'measurement' issues in accounting or for the formulation of accounting standards?

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Accounting Theory

ISBN: 9780470818152

7th Edition

Authors: Jayne Godfrey, Ann Tarca, Allan Hodgson, Jane Hamilton, Scott Holmes

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