Stock price reactivity to earnings announcements: the role of the Cammer/Krogman factors
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DOI: 10.1007/s11156-020-00943-4
Abstract: The stock characteristics often used in securities litigation to assess market efficiency are dispositive indicators of reactivity to earnings announcements. Stocks with large capitalization, high trading volume, broad analyst coverage, a large number of market… read more here.
Keywords: price reactivity; earnings announcements; announcements role; stock price ... See more keywords
Market uncertainty and trading volume around earnings announcements
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DOI: 10.1016/j.frl.2019.03.002
Abstract: Abstract This study examines the changes in trading volume around quarterly earnings announcements in regard to market uncertainty. When market conditions are volatile, investors face difficulty in predicting future cash flows and their beliefs are… read more here.
Keywords: earnings announcements; trading volume; market; volume around ... See more keywords
Increased market response to earnings announcements in the 21st century: An Empirical Investigation
Sign Up to like & getrecommendations! Published in 2020 at "Journal of Accounting and Economics"
DOI: 10.1016/j.jacceco.2019.101244
Abstract: We examine the role of concurrent information in the striking increase in investor response to earnings announcements from 2001 to 2016, as measured by return variability and volume following Beaver (1968). We find management guidance,… read more here.
Keywords: market response; response; earnings announcements; response earnings ... See more keywords
The relationship insurance role of financial conglomerates: Evidence from earnings announcements
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DOI: 10.1016/j.jcorpfin.2019.06.006
Abstract: Abstract This paper uses earnings announcements to analyze the trading behavior and associated price impacts of institutions that have a lending or underwriting relationship with client firms and also hold client firms' shares. Buying support… read more here.
Keywords: earnings announcements; relationship institutions; client firms; relationship ... See more keywords
In name only: Information spillovers among Chinese firms with similar stock names during earnings announcements
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DOI: 10.1016/j.jcorpfin.2021.102015
Abstract: Abstract We examine whether investors' attention on salient firm characteristics affects information spillovers during corporate earnings announcements. For market participants in China, the stock name is a salient feature of listed companies. We find that… read more here.
Keywords: information; earnings announcements; finance; stock names ... See more keywords
Strategic Announcement Sequencing: Earnings and M&A Announcements
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DOI: 10.1080/15427560.2020.1864734
Abstract: The authors examine whether acquiring companies strategically time their quarterly earnings and merger and acquisition announcements. Acquiring companies have the ability and incentive to alter the... read more here.
Keywords: announcement sequencing; sequencing earnings; finance; earnings announcements ... See more keywords
Earnings management and institutional investor trading prior to earnings announcements
Sign Up to like & getrecommendations! Published in 2019 at "China Finance Review International"
DOI: 10.1108/cfri-01-2018-0010
Abstract: Purpose The purpose of this paper is to investigate if earnings management affects the trades of different investors prior to earnings announcements. Design/methodology/approach Using a unique account-level trading data set from the Chinese stock market,… read more here.
Keywords: earnings announcements; management; trading; earnings management ... See more keywords