Discussion of Interim Reporting Frequency and Financial Analysts’ Expenditures

The capital market implications of the frequency of interim financial reporting: an international analysis

“…As noted by Tippett (2004), a firm's accounting policies can indirectly affect its production, investment and financing decisions. Firms operating in a quarterly interim reporting environment may be induced to make different decisions than firms operating in a semi-annual environment, given that both firms are seeking to maximize overall firm market value.…”