trading behavior of foreign and domestic investors during the post-announcement periods of scheduled earnings and unscheduled … non-earnings announcements. Findings – The results show that the post-announcement drift exists for both types of news … various types of news announcements. Design/methodology/approach – Using Finnish share ownership data, the authors examine the …

how investors value the alliance. Design/methodology/approach – The researchers collected data on marketing alliances in … the biotechnology and pharmaceutical industries. Using an empirical model, three hypotheses predicting how investors value … findings indicate that investors assign higher value to marketing alliances for firms with lower inventory liquidity and …

markets anticipated monetary policy decisions equally well under this new disclosure regime than before, but arrived at their … implications of macroeconomic data releases. Taken together, these findings suggest that the Fed's new disclosure practice may …

markets anticipated monetary policy decisions equally well under this new disclosure regime than before, but arrived at their … implications of macroeconomic data releases. Taken together, these findings suggest that the Fed's new disclosure practice may …

trading around quarterly earnings announcements is either directionally motivated and/or volatility motivated. We found … evidence that is consistent with the idea that option investors have private information prior to positive earnings … announcements and use at-the-money options to exploit their informational advantage. In the post-event period, however, informed …

investors. However, after controlling for the preceding management's internal control disclosure, the results show that the … univariate analysis. Findings – The initial results imply surprisingly that the material weakness disclosure is good news to … results show a significant change in volatility after the auditor's weakness disclosure. Research limitations …

Purpose – The purpose of this paper is to report the results of an investigation into individual investors' perceptions … paper investigates the perceptions of individual investors about corporate financial statements as a source of information … for individual investors' investment decisions and what specific information such investors would like firms to disclose …