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Persistent link: https://www.econbiz.de/10009271213
We examine the impact of Regulation Fair Disclosure (RFD) on transient institutional investors' abnormal trading behavior around accounting restatements. We find that while in the pre-RFD period, transient institutional investors exhibit abnormal selling of restating firms' stocks one quarter...
Persistent link: https://www.econbiz.de/10009249967
Persistent link: https://www.econbiz.de/10009178435
We examine the impact of Regulation Fair Disclosure (RFD) on transient institutional investors' abnormal trading behavior around accounting Restatements before and after RFD. We find that while before RFD, transient institutional investors exhibit abnormal selling of stocks in restating firms...
Persistent link: https://www.econbiz.de/10012732996