Syed, Azmat A; Liu, Pu; Smith, Stanley D - In: The Financial Review 24 (1989) 4, pp. 567-79
This study examines if tradings on stocks based on the inside information about the "Heard on the Street" column of the Wall Street Journal could generate abnormal returns. The authors found significant abnormal returns on days t = -1 and t = 0 (publication date) for the stocks related to...