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Strategic timing of annual earnings announcements : evidence from an order-driven market
Abad Díaz, David; Sanabria, Sonia; Yagüe Guirao, José - In: Review of quantitative finance and accounting 32 (2009) 3, pp. 287-308
Persistent link: https://www.econbiz.de/10003846984
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Short-term stock price reversals may be reversed
Kudryavtsev, Andrey - In: International journal of economic sciences and applied … 5 (2012) 3, pp. 129-146
In present study, I explore intraday behavior of stock prices. In particular, I try to shed light on the dynamics of stock price reversals and namely, on the short-term character the latter may possess. For each of the stocks currently making up the Dow Jones Industrial Index, I calculate...
Persistent link: https://www.econbiz.de/10009717374
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Time variation in asset price response to macro announcements
Goldberg, Linda S.; Grisse, Christian - 2013
unlikely to be stable. This paper documents the time variation in the responses of yield curves and exchange rates using high …-frequency data from January 2000 through August 2011. Significant time variation in news effects is present for those announcements … that have the largest effects on asset prices. The time variation in effects is explained by economic conditions, including …
Persistent link: https://www.econbiz.de/10009787494
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Time Variation in Asset Price Responses to Macro Announcements
Goldberg, Linda S. - 2013
unlikely to be stable. This paper documents the time variation in the responses of yield curves and exchange rates using high …-frequency data from January 2000 through August 2011. Significant time variation in news effects is present for those announcements … that have the largest effects on asset prices. The time variation in effects is explained by economic conditions, including …
Persistent link: https://www.econbiz.de/10013076594
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Time Will Tell : Information in the Timing of Scheduled Earnings News
Johnson, Travis L. - 2017
Using novel earnings calendar data, we show that firms' advanced scheduling of earnings announcement dates foreshadows their earnings news. Firms that schedule later-than-expected announcement dates subsequently announce worse news than those scheduling earlier-than-expected announcement dates....
Persistent link: https://www.econbiz.de/10012972886
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Further Evidence on the Strategic Timing of Earnings News : Joint Analysis of Weekdays and Times of Day
Michaely, Roni - 2016
examine whether managers attempt to strategically time these announcements. We document that the worst earnings news is …
Persistent link: https://www.econbiz.de/10013004152
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The Speed of the Market Reaction to Pre-Open versus Post-Close Earnings Announcements
Lyle, Matthew R. - 2020
than PC announcements. This differential speed of the market reaction is because PC announcements offer investors more time …
Persistent link: https://www.econbiz.de/10012853522
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It Takes Two To Misprice : Investor Horizons and Earnings Announcements
Parsa, Sahar - 2017
I study how investor horizons affect the price reaction of the stocks to earnings announcements. In the theory, short-run investors trade frequently, while long-run traders hold and trade on fundamentals. The model predicts that the reaction to an earnings announcement is shifted downward for...
Persistent link: https://www.econbiz.de/10012946248
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Calendar Rotations : A New Approach for Studying the Impact of Timing using Earnings Announcements
Noh, Suzie - 2020
We develop a novel methodology for studying the causal impact of announcement timing. Our methodology uses firms' earnings announcements and leverages quasi-exogenous variation attributable to the specific day-of-week on which a calendar month begins. We refer to the resulting variation in...
Persistent link: https://www.econbiz.de/10012847141
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Stock Price Discovery in Earnings Season
Sun, Qi - 2016
This study investigates whether the timing of earnings announcement in earnings season affects stock price discovery process. This paper documents that market reaction is more favorable for earnings announcements made at the beginning of earnings season (“timing effect”). Price reaction on...
Persistent link: https://www.econbiz.de/10013003471