According to the company’s ACT 2019, Act 992 of Ghana, it is mandatory for every registered company to organise an annual general meeting (AGM). The AGM shall be held not earlier than twenty one days after the annual reports which comprises the Financial statement, reports of the directors and auditors on the financial statements have been dispatched to shareholders and debenture holders of the company However, in recent times a number of investigations have been conducted by the department of Accounting and finance at Ghana Technology university college into the use made by shareholders of the annual reports of companies in which they have invested . Several of these research shows that the annual report is regarded as an important source of information for making decisions on equity investment. Other types of study indicate that the market price of the shares in companies does not react to in the short term to the publication of the company’s annual report Requires; How would you reconcile these findings with each other , and with the efficient market hypotheses.
According to the company’s ACT 2019, Act 992 of Ghana, it is mandatory for every registered company to organise an annual general meeting (AGM). The AGM shall be held not earlier than twenty one days after the annual reports which comprises the Financial statement, reports of the directors and auditors on the financial statements have been dispatched to shareholders and debenture holders of the company
However, in recent times a number of investigations have been conducted by the department of Accounting and finance at Ghana Technology university college into the use made by shareholders of the annual reports of companies in which they have invested . Several of these research shows that the annual report is regarded as an important source of information for making decisions on equity investment.
Other types of study indicate that the market price of the shares in companies does not react to in the short term to the publication of the company’s annual report
Requires;
How would you reconcile these findings with each other , and with the
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