Contemporary Accounting Research Vol. 25 No. 1 2008
Trading Volume Reaction to the Earnings Reconciliation from IAS to U. S. GAAP*
Abstract
for providing analyst forecast data, available through the Institutional Brokers' Estimate System.These data have been provided as part of a broad academic program to encourage earnings expectation research.We also thank those companies, and the Securities and Exchange Commission, which generously provided copies of Form 20-Fs and Form 20-F filing dates for our research project.'cancelled out' in the averaging process that determines equilibrium prices" (Bamber and Cheon 1995, 418;Kim and Verrecchia 1991).Consequently, when investigating information content, price reaction and trading volume reaction may not yield identical results even for the same event (Bamber and Cheon 1995).Moreover,
- DOI
- 10.1506/car.25.1.1
- Volume
- 25
- Issue
- 1
- Pages
- 15-53
- Language
- en
- Sources
- openalex crossref