This paper investigates trade initiation activities ‘immediately' before and after earnings and takeover ‘day' announcements. We find that investors' initiate buy and sell (buy or sell) trades immediately before (after) earnings and takeover day announcements. High volatility and more...

This study investigates individual and institutional trading activities before and after earnings announcements to infer informed trading in competing firms. We find evidence for individual and institutional informed trading in competing firms before earnings announcements. Magnitude of...

This paper examines the impact of release time of earnings and take over announcements on motives of trade initiation. We find that investors' initiate buy and sell (buy or sell) trades immediately before (after) earnings and takeover announcements ‘day' announcements. High volatility and more...