The Accounting Review Vol. 66 No. 4 1991
Security Returns Around Earnings Announcements.
Abstract
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
- Issue
- 4
- Pages
- 718-738
- Language
- en
- Sources
- crossref openalex