Bhabra, Harjeet S.; Hossain, Ashrafee T. - In: Review of Financial Economics 24 (2015) C, pp. 1-11
We examine the information content of Form-4 filings following extreme market downturns in the pre and post-Sarbanes–Oxley-Act (SOX) periods. We find that the announcement period abnormal returns under extreme market conditions are larger and this effect is stronger in the more tighter...