Purpose – The purpose of this paper is to examine the reaction to earnings announcements in a small stock market. Design/methodology/approach – The paper uses the traditional event study method to examine the information content of annual earnings announcements in the small Danish stock...

We analyze simultaneous announcements of current dividends, current earnings and management forecasts of next year's earnings. By conducting the empirical analysis using Danish data, this study is the first not to suffer from problems related to low levels of agency costs and informational...

In this study we are the first to draw on longitudinal matched employer-employee data to study CEO turnover. Using this data we contribute to the existing literature by examining the effect of previously unstudied individual characteristics on CEO turnover. Additionally, we are able to examine...