Increased market response to earnings announcements in the 21st century: An Empirical Investigation
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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