Event Day 0? After-Hours Earnings Announcements
<heading id="h1" level="1" implicit="yes" format="display">ABSTRACT</heading>In recent years, the proportion of after-hours earnings announcements has increased to more than 40%. For after-hours announcements, earnings-related volume and price changes are not observed on the Compustat or I/B/E/S earnings announcement date, but one trading day later. This study demonstrates the importance of accounting for after-hours announcements for event studies around earnings announcements. Copyright (c), University of Chicago on behalf of the Institute of Professional Accounting, 2008.
Year of publication: |
2009
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Authors: | BERKMAN, HENK ; TRUONG, CAMERON |
Published in: |
Journal of Accounting Research. - Wiley Blackwell, ISSN 0021-8456. - Vol. 47.2009, 1, p. 71-103
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Publisher: |
Wiley Blackwell |
Saved in:
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