The Accounting Review Vol. 58 No. 2 1983

The Effect of information Announcements on the Market Microstructure.

Dale Morse¹; NeaL Ushman²

¹ Assistant Professor, Cornell University. 1 · ² Assistant Professor, University of Santa Clara. 2

Abstract

This study examines the relationship between information announcements and bid/ask spreads. The results indicate no significant changes in bid/ask spreads surrounding quarterly earnings announcements, but significant increases in the size of bid/ask spreads are found on the day of large price changes.

DOI

10.2308/tar-4482686

Volume

58

Issue

2

Pages

247-258

Language

en

Sources

crossref openalex

Cite

APA 7 MLA 9 Chicago (author–date) Harvard Elsevier Harvard (JFE, JBF…) The Accounting Review Academy of Management American Marketing Association INFORMS (Management Science) Copy citation Copied ✓