Booth, G. Geoffrey; Kallunki, Juha-Pekka; Sahlström, Petri - In: International Journal of Managerial Finance 7 (2011) June, pp. 220-237
trading behavior of foreign and domestic investors during the post-announcement periods of scheduled earnings and unscheduled …, but only if the news is negative. As a group, foreign investors react first by selling shares of firms reporting negative … information. Domestic investors act in the opposite manner. Originality/value – The results imply that the post-announcement drift …