We revisit the issue of market reaction to product recall and evaluate the magnitude of market reaction to the news of recall. We also examine how the competitors' stock prices are affected by the product recall. Specifically, we evaluate the stock price effects of events relating to the recall...

The primary objective of this study is to examine the effect of prior restructuring charges on analyst forecast revisions and accuracy. We find evidence that analysts respond differently to first-time restructuring firms than to repeat restructuring firms. Analysts revise their forecasts of both...