Narrow search
Showing 1 - 10 of 40,477
Cover Image
Disclosure Quality, Institutional Investors, and Stock Return Volatility
Bushee, Brian J. - 2011
's institutional investor base and whether this association has implications for a firm's stock return volatility. The findings … return volatility. In contrast, improvements in disclosure quality are shown to produce contemporaneous increases in … resulting in higher transient institutional investor ownership experience subsequent increases in stock return volatility …
Persistent link: https://www.econbiz.de/10012715158
Cover Image
Increased information content of earnings announcements in the 21st century : an empirical investigation
Beaver, William H.; McNichols, Maureen; Wang, Zach Z. - 2018
We examine the role of concurrent information in the striking increase in investor response to earnings announcements from 2001 to 2016, as measured by return variability and volume following Beaver (1968). We find management guidance, analyst forecasts, and disaggregated financial statement...
Persistent link: https://www.econbiz.de/10011873121
Cover Image
Impact of Disclosure and Corporate Governance on the Association Between Fair Value Gains and Losses and Stock Returns in the Commercial Banking Industry
Bhat, Gauri - 2013
In this paper, I examine the relations between risk management disclosures, governance, and the market pricing of the fair value gains and losses (FVGL) for US commercial bank holding companies (banks). I find that banks with strong corporate governance disclose more about their risk management...
Persistent link: https://www.econbiz.de/10014048368
Cover Image
Stock Volatility, Institutional Ownership and Analyst Coverage
Sahut, Jean-Michel - 2011
We examine the relation between stock volatility and asymmetric information empirically. We use two proxies of … to have less volatile returns. A significant and positive bilateral relationship between stock volatility and …
Persistent link: https://www.econbiz.de/10013131821
Cover Image
Volatile Market Condition and Investor Clientele Effects on Mutual Fund Flow Performance Relationship
Xiao, Jun - 2016
We analyze mutual fund flow-performance relationship using a novel sample of Chinese mutual funds that trade in a volatile market environment. Consistent with existing literature, we find that the net flow to a fund is positively related to past fund performance. However, the positive...
Persistent link: https://www.econbiz.de/10012987023
Cover Image
Quantifying high-frequency market reactions to real-time news sentiment announcements
Groß-Klußmann, Axel; Hautsch, Nikolaus - 2009
direction of company-specific news. Information-implied reactions in returns, volatility as well as liquidity demand and supply … London Stock Exchange (LSE), we find market-wide robust news-dependent responses in volatility and trading volume. However … shown. -- Firm-specific News ; News Sentiment ; High-frequency Data ; Volatility ; Liquidity ; Abnormal Returns …
Persistent link: https://www.econbiz.de/10003947435
Cover Image
Quantifying high-frequency market reactions to real-time news sentiment announcements
Groß-Klußmann, Axel; Hautsch, Nikolaus - 2009
direction of company-specific news. Information-implied reactions in returns, volatility as well as liquidity demand and supply … London Stock Exchange (LSE), we find market-wide robust news-dependent responses in volatility and trading volume. However … shown. -- firm-specific news ; news sentiment ; high-frequency data ; volatility ; liquidity ; abnormal returns …
Persistent link: https://www.econbiz.de/10003931807
Cover Image
The Leverage Effect of Bank Disclosures
König, Philipp Johann; Laux, Christian; Pothier, David - 2021
The general view underlying bank regulation is that bank disclosures providemarket discipline and reduce banks' risk-taking incentives. We show that bankdisclosures can increase bank leverage and bank risk. The reason stems from theinteraction between insured and uninsured debt. Bank disclosures...
Persistent link: https://www.econbiz.de/10013324579
Cover Image
The Leverage Effect of Bank Disclosures
König, Philipp Johann; Laux, Christian; Pothier, David - 2021
The general view underlying bank regulation is that bank disclosures provide market discipline and reduce banks’ risk-taking incentives. We show that bank disclosures can increase bank leverage and bank risk. The reason stems from the interaction between insured and uninsured debt. Bank...
Persistent link: https://www.econbiz.de/10013212520
Cover Image
Aggregate Market Reaction to Earnings Announcements
Cready, William M. - 2010
This analysis identifies a distinct immediate announcement period negative relation between earnings announcement surprises and aggregate market returns. Such a relation implies that market participants use earnings information in forming expectations about expected aggregate discount rates and,...
Persistent link: https://www.econbiz.de/10013148942