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The Stock-Market Response To Earnings Announcements Released During Trading Versus Nontrading Periods
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Cited by:
- Riccardo Ferretti & Francesco Pattarin, 2008. "Is public information really public? The role of newspapers," Centro Studi di Banca e Finanza (CEFIN) (Center for Studies in Banking and Finance) 08013, Universita di Modena e Reggio Emilia, Dipartimento di Economia "Marco Biagi".
- Hirshleifer, David & Lim, Seongyeon & Teoh, Siew Hong, 2004.
"Disclosure to an Audience with Limited Attention,"
Working Paper Series
2004-21, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
- David Hirshleifer & SONYA SEONGYEON LIM & Siew Hong Teoh, 2004. "Disclosure to an Audience with Limited Attention," Game Theory and Information 0412002, University Library of Munich, Germany.
- Chen, Sheng-Syan & Chou, Robin K. & Lee, Yun-Chi, 2011. "Bidders' strategic timing of acquisition announcements and the effects of payment method on target returns and competing bids," Journal of Banking & Finance, Elsevier, vol. 35(9), pages 2231-2244, September.
- Savor, Pavel G., 2012. "Stock returns after major price shocks: The impact of information," Journal of Financial Economics, Elsevier, vol. 106(3), pages 635-659.
- David Abad & José Yagüe & Sonia Sanabria, 2005. "Liquidity And Information Around Annual Earnings Announcements: An Intraday Analysis Of The Spanish Stock Market," Working Papers. Serie EC 2005-16, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- Easterday, Kathryn E. & Sen, Pradyot K. & Stephan, Jens A., 2009. "The persistence of the small firm/January effect: Is it consistent with investors' learning and arbitrage efforts?," The Quarterly Review of Economics and Finance, Elsevier, vol. 49(3), pages 1172-1193, August.
- Kristian D. Allee & Matthew D. Deangelis, 2015. "The Structure of Voluntary Disclosure Narratives: Evidence from Tone Dispersion," Journal of Accounting Research, Wiley Blackwell, vol. 53(2), pages 241-274, May.
- Kusen, Alex & Rudolf, Markus, 2019. "Feedback trading: Strategies during day and night with global interconnectedness," Research in International Business and Finance, Elsevier, vol. 48(C), pages 438-463.
- Stephen P. Baginski & John M. Hassell & Donald Pagach, 1995. "Further Evidence on Nontrading†Period Information Release," Contemporary Accounting Research, John Wiley & Sons, vol. 12(1), pages 207-221, September.
- Kent Daniel & David Hirshleifer & Lin Sun, 2020.
"Short- and Long-Horizon Behavioral Factors,"
The Review of Financial Studies, Society for Financial Studies, vol. 33(4), pages 1673-1736.
- Kent Daniel & David Hirshleifer & Lin Sun, 2017. "Short- and Long-Horizon Behavioral Factors," NBER Working Papers 24163, National Bureau of Economic Research, Inc.
- Kiridaran Kanagaretnam & Gerald J. Lobo & Dennis J. Whalen, 2005. "Relationship Between Analyst Forecast Properties and Equity Bid‐Ask Spreads and Depths Around Quarterly Earnings Announcements," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 32(9‐10), pages 1773-1799, November.
- Archana Jain & Chinmay Jain & Christine X. Jiang, 2019. "Early Movers Advantage? Evidence from Short Selling during After‐Hours on Earnings Announcement Days," The Financial Review, Eastern Finance Association, vol. 54(2), pages 235-264, May.
- David Hirshleifer & Sonya S. Lim & Siew Hong Teoh, 2011.
"Limited Investor Attention and Stock Market Misreactions to Accounting Information,"
The Review of Asset Pricing Studies, Society for Financial Studies, vol. 1(1), pages 35-73.
- Hirshleifer, David & Teoh, Siew Hong, 2005. "Limited Investor Attention and Stock Market Misreactions to Accounting Information," Working Paper Series 2005-24, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
- Dain C. Donelson & Justin J. Hopkins, 2016. "Large Market Declines and Securities Litigation: Implications for Disclosing Adverse Earnings News," Management Science, INFORMS, vol. 62(11), pages 3183-3198, November.
- Cheema, Arbab K. & Eshraghi, Arman & Wang, Qingwei, 2023. "Macroeconomic news and price synchronicity," Journal of Empirical Finance, Elsevier, vol. 73(C), pages 390-412.
- David Hirshleifer & Sonya Seongyeon Lim & Siew Hong Teoh, 2009.
"Driven to Distraction: Extraneous Events and Underreaction to Earnings News,"
Journal of Finance, American Finance Association, vol. 64(5), pages 2289-2325, October.
- Hirshleifer, David & Lim, Sonya Seongyeon & Teoh, Siew Hong, 2006. "Driven to distraction: Extraneous events and underreaction to earnings news," MPRA Paper 3110, University Library of Munich, Germany, revised 16 Apr 2007.
- Riccardo Ferretti & Francesco Pattarin, 2008. "Is public information really public? The role of newspapers," Centro Studi di Banca e Finanza (CEFIN) (Center for Studies in Banking and Finance) 0008, Universita di Modena e Reggio Emilia, Dipartimento di Economia "Marco Biagi".
- Michael Welker & H. Charles Sparks, 2001. "Individual, Institutional, And Specialist Trade Patterns Before And After Disclosure," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 24(2), pages 261-287, June.
- Pronk, M., 2002. "Market liquidity around earnings announcements," Other publications TiSEM 3e22cd8d-f7eb-4c28-9275-8, Tilburg University, School of Economics and Management.
- Drummond, Philip A., 2023. "Market quality surrounding anticipated distraction events: Evidence from the FIFA World Cup," Journal of Financial Markets, Elsevier, vol. 63(C).
- Sternitzke, Christian, 2010. "Knowledge sources, patent protection, and commercialization of pharmaceutical innovations," Research Policy, Elsevier, vol. 39(6), pages 810-821, July.
- Hirshleifer, David & Lim, Sonya S. & Teoh, Siew Hong, 2004. "Disclosure to a Credulous Audience: The Role of Limited Attention," MPRA Paper 5198, University Library of Munich, Germany.
- Roni Michaely & Amir Rubin & Alexander Vedrashko, 2014. "Corporate Governance and the Timing of Earnings Announcements," Review of Finance, European Finance Association, vol. 18(6), pages 2003-2044.
- Das, Somnath & King, Alexander Z., 2021. "Measuring the informativeness of earnings announcements: The role of event windows," The Quarterly Review of Economics and Finance, Elsevier, vol. 82(C), pages 350-367.
- Moshirian, Fariborz & Nguyen, Huong Giang (Lily) & Pham, Peter Kien, 2012. "Overnight public information, order placement, and price discovery during the pre-opening period," Journal of Banking & Finance, Elsevier, vol. 36(10), pages 2837-2851.
- Kiridaran Kanagaretnam & Gerald J. Lobo & Dennis J. Whalen, 2005. "Relationship Between Analyst Forecast Properties and Equity Bid-Ask Spreads and Depths Around Quarterly Earnings Announcements," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 32(9-10), pages 1773-1799.
- Jiang, Christine X. & Likitapiwat, Tanakorn & McInish, Thomas H., 2012. "Information Content of Earnings Announcements: Evidence from After-Hours Trading," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 47(6), pages 1303-1330, December.
- Cameron Truong, 2010. "Strategic timing of earnings announcements?," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 50(3), pages 719-738, September.
- Xiao, Xijuan & Yamamoto, Ryuichi, 2024. "Overnight earnings announcements and preopening price discovery," Japan and the World Economy, Elsevier, vol. 70(C).
- Neligh, Nathaniel, 2024. "Rational memory with decay," Journal of Economic Behavior & Organization, Elsevier, vol. 223(C), pages 120-145.
- Riccardo Ferretti & Andrea Cipollini & Francesco Pattarin, 2016. "Can an unglamorous non-event affect prices? The role of newspapers," Cogent Economics & Finance, Taylor & Francis Journals, vol. 4(1), pages 1142847-114, December.
- Theresa Libby & Robert Mathieu & Sean W. G. Robb, 2002. "Earnings Announcements and Information Asymmetry: An Intra†Day Analysis," Contemporary Accounting Research, John Wiley & Sons, vol. 19(3), pages 449-472, September.
- Aziz Simsir, Serif & Simsek, Koray D., 2022. "The market impact of private information before corporate Announcements: Evidence from Turkey," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 80(C).
- Vincent Grégoire & Charles Martineau, 2022. "How is Earnings News Transmitted to Stock Prices?," Journal of Accounting Research, Wiley Blackwell, vol. 60(1), pages 261-297, March.
- Ahmad, Fawad & Oriani, Raffaele, 2022. "Investor attention, information acquisition, and value premium: A mispricing perspective," International Review of Financial Analysis, Elsevier, vol. 79(C).
- Joon Chae & Ryumi Kim & Jaehee Han, 2020. "Investor Attention from Internet Search Volume and Underreaction to Earnings Announcements in Korea," Sustainability, MDPI, vol. 12(22), pages 1-29, November.
- Henk Berkman & Cameron Truong, 2009. "Event Day 0? After‐Hours Earnings Announcements," Journal of Accounting Research, Wiley Blackwell, vol. 47(1), pages 71-103, March.
- Chen, J. & Demers, E. & Lev, B., 2013. "Oh what a beautiful morning! The time of day effect on the tone and market impact of conference calls," Research Memorandum 038, Maastricht University, Graduate School of Business and Economics (GSBE).
- Xuewu Wesley Wang & Zhipeng Yan & Qunzi Zhang & Xuechen Gao, 2018. "Investor attention and stock market under‐reaction to earnings announcements: Evidence from the options market," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 38(4), pages 478-492, April.