Bailey, Warren; Li, Haitao; Mao, Connie X.; Zhong, Rui - In: Journal of Finance 58 (2003) 6, pp. 2487-2514
With the adoption of Regulation Fair Disclosure (Reg FD), market behavior around earnings releases displays no significant change in return volatility (after controlling for decimalization of stock trading) but significant increases in trading volume due to difference in opinion. Analyst...