Institutional Holding and Trading Volume Reactions to Quarterly Earnings Announcements

This paper empirically examines the incremental relation between trading volume surrounding quarterly earnings announcements and institutional holdings. Consistent with Cready (1988) and Lee (1992), we find a significant positive relation between abnormal trading volume and the fraction of institutional ownership during the period immediatly following an earnings announcement, after controlling for the magnitude of the associated price reaction and the dispersion of analysts' EPS forecasts

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Year of publication:	2013
Authors:	Lee, Jason
Other Persons:	Kim, Jeong-Bon (contributor) ; Krinsky, Itzhak (contributor)
Publisher:	[2013]: [S.l.] : SSRN
Subject:	Ankündigungseffekt \| Announcement effect \| Handelsvolumen der Börse \| Trading volume \| Gewinn \| Profit \| Börsenkurs \| Share price \| Anlageverhalten \| Behavioural finance \| Institutioneller Investor \| Institutional investor
Description of contents:	Abstract [papers.ssrn.com]

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Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: University of Alberta School of Business Research Paper No. 2013-1058 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 1, 1996 erstellt Volltext nicht verfügbar
Classification:	G10 - General Financial Markets. General ; G13 - Contingent Pricing; Futures Pricing ; G34 - Mergers; Acquisitions; Restructuring; Corporate Governance
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013080429