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Security Returns Around Earnings Announcements.

Ray Ball; S. P. Kothari

The Accounting Review 1991

Examines risk, return and abnormal return behavior in the days around quarterly earnings announcements, using a research design that allows risk to vary daily in event time. Result of the tests conducted on several hypotheses concerning the effect on security prices of earnings announcements; Investigation whether cross-sectional variation in announcement-period risks and returns is a function of firm size.

DOI
10.2308/tar-9605070402
Volume
66 (4)
Pages
718-738
Language
en
Export
BibTeX
Sources
crossref openalex