Kanagaretnam, Kiridaran; Lobo, Gerald J.; Whalen, Dennis J. - In: Journal of Business Finance & Accounting 32 (2005-11) 9-10, pp. 1773-1799
We study the relationships between three variables which proxy for the ex-ante level of information asymmetry - forecast dispersion, forecast revision volatility, and the level of analyst coverage, and equity bid-ask spread and depth changes around quarterly earnings releases. <link rid="b17">Kim and Verrecchia...