JOHN W. KENNELLY’s research while affiliated with University of Iowa and other places

... Brown's study found a contemporaneous association between financial performance indicators and changes in stock prices and stock returns, and investors will use Investors use financial data to determine the current business status and growth prospects of companies when analyzing stock prices. There is a significant change in stock prices before and after the disclosure of financial information [5]. The financial performance indicators disclosed in the accounting statements contain information on the profitability, asset size, and solvency of an enterprise, which provides investors with a basis for evaluating the value of an enterprise and making investment decisions. ...

Reference:

The Relationship between Financial Performance and Stock Price of Energy Conservation and Environmental Protection Listed Companies-A Study Based on fsQCA