This empirical study uses a unique recent data set provided by the French regulator "Autorité des Marchés Financiers" and gives some evidence concerning the impact of aggressive orders on the price formation process and the information content of these orders according to the different order...

We examine the investor reaction to misstatement news for Australian listed firms from 2006 to 2013. We find 4.1% of firm-years have a misstatement and 79% of misstatements are disclosed initially only in the periodic filings (stealth misstatements). We find no investor reaction for the average...