Gao, Xiang; Gu, Jiahao; Zhang, Yingchao - In: Pacific Accounting Review 33 (2021) 3, pp. 361-375
Purpose: This paper aims to investigate whether single-name options trading prior to earnings announcements is more informative when there exist real activity manipulations. Design/methodology/approach: Using 5,419 earnings announcements during 2004–2018 made by 208 public US companies with...