Investors’ Trade Size and Trading Responses Around Earnings Announcements: An Empirical Investigation.

• 主要作者: BHATTACHARYA, Nilabhra
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2001
• 主題: Accounting; Corporate Finance
• 在線閱讀: https://ink.library.smu.edu.sg/soa_research/968; http://dx.doi.org/10.2308/accr.2001.76.2.221

Prior research suggests that the earnings expectations of a segment of the market can be described by the seasonal random‐walk model. Prior research also provides evidence that less wealthy and less informed investors tend to make smaller trades (small traders) than wealthier and betterinformed inve...