Booth, G. Geoffrey; Kallunki, Juha-Pekka; Martikainen, Teppo - In: Applied Economics Letters 6 (1999) 12, pp. 771-774
This paper investigates the impact of earnings news on the trading behaviour of different types of traders in Finland. The results indicate that small and large traders behave differently around the earnings announcements, small traders increasing their sell orders after negative earnings surprises.