Trading Volume Reaction to the Earnings Reconciliation from IAS to U. S. GAAP*

Lucy Huajing Chen; Heibatollah Sami

doi:10.1506/car.25.1.1

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Trading Volume Reaction to the Earnings Reconciliation from IAS to U. S. GAAP*

Lucy Huajing Chen¹; Heibatollah Sami²

¹ Arizona State University · ² Lehigh University

Contemporary Accounting Research 2008 open access

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 (1)
Pages: 15-53
Language: en
Export: BibTeX
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