Chinese Institutional Trading, Stock Returns and Earnings Announcements

2014 ◽  
Author(s):  
Zhijuan Chen ◽  
Changfeng Ma
Keyword(s):  
Stock Returns ◽  
Earnings Announcements ◽  
Institutional Trading

scholarly journals Caught on tape: Institutional trading, stock returns, and earnings announcements

2009 ◽  
Vol 92 (1) ◽  
pp. 66-91 ◽  
Author(s):  
John Y. Campbell ◽  
Tarun Ramadorai ◽  
Allie Schwartz
Keyword(s):  
Stock Returns ◽  
Earnings Announcements ◽  
Institutional Trading

scholarly journals Caught on Tape: Institutional Trading, Stock Returns, and Earnings Announcements

2007 ◽  
Author(s):  
John Y. Campbell ◽  
Tarun Ramadorai ◽  
Allie Schwartz
Keyword(s):  
Stock Returns ◽  
Earnings Announcements ◽  
Institutional Trading

Institutional Trading and Near-Term Stock Returns

Finance ◽  
2018 ◽  
Vol 39 (3) ◽  
pp. 7
Author(s):  
Bernd Hanke ◽  
Garrett Quigley ◽  
David Stolin ◽  
Maxim Zagonov
Keyword(s):  
Stock Returns ◽  
Institutional Trading ◽  
Near Term

Option-implied Tail Risk and Stock Returns Around Earnings Announcements

2018 ◽  
Author(s):  
Mengxi (Maggie) Liu ◽  
Kam Fong Chan ◽  
Robert W. Faff
Keyword(s):  
Stock Returns ◽  
Earnings Announcements ◽  
Tail Risk

scholarly journals Institutional trading and stock returns

2004 ◽  
Vol 1 (3) ◽  
pp. 178-189 ◽  
Author(s):  
Fang Cai ◽  
Lu Zheng
Keyword(s):  
Stock Returns ◽  
Institutional Trading

scholarly journals Quarterly Earnings Announcement Effect on Stock Return and Trading Volume in Nepal

2019 ◽  
Vol 4 ◽  
pp. 32-47
Author(s):  
Jeetendra Dangol ◽  
Ajay Bhandari
Keyword(s):  
Stock Market ◽  
Stock Returns ◽  
Trading Volume ◽  
Earnings Announcements ◽  
Good News ◽  
Fiscal Year ◽  
Event Analysis ◽  
Earnings Announcement ◽  
Quarterly Earnings ◽  
Analysis Methodology

The study examines the stock returns and trading volume reaction to quarterly earnings announcements using the event analysis methodology. Ten commercial banks with 313 earnings announcements are considered between the fiscal year 2010/11 and 2017/18. The observations are portioned into 225 earning-increased (good-news) sub-samples and 88 earning-decreased (bad-news) sub-samples. This paper finds that the Nepalese stock market is inefficient at a semi-strong level, but there is a strong linkage between quarterly earnings announcement and trading volume. Similarly, the study provides evidence of existence of information content hypothesis in the Nepalese stock market.

Asymmetric Timeliness and the Resolution of Investor Disagreement and Uncertainty at Earnings Announcements

2019 ◽  
Vol 95 (4) ◽  
pp. 23-50 ◽  
Author(s):  
Mary E. Barth ◽  
Wayne R. Landsman ◽  
Vivek Raval ◽  
Sean Wang
Keyword(s):  
Stock Returns ◽  
Earnings Announcements ◽  
Investment Decisions ◽  
Bad News ◽  
Positive Relation ◽  
Potential Cost ◽  
Earnings Announcement ◽  
Asymmetric Timeliness ◽  
Valuation Uncertainty ◽  
Investor Disagreement

ABSTRACT This study finds that greater asymmetric timeliness of earnings in reflecting good and bad news is associated with slower resolution of investor disagreement and uncertainty at earnings announcements. These findings indicate that a potential cost of asymmetric timeliness is added complexity from requiring investors to disaggregate earnings into good and bad news components to assess the implications of the earnings announcement for their investment decisions. Such a disaggregation impedes the speed with which investor disagreement and uncertainty resolve. The findings indicate that asymmetric timeliness also delays price discovery at earnings announcements. We also find a positive relation between asymmetric timeliness and stock returns during the earnings announcement period after the initial price reaction to the announcement, which is consistent with resolution of valuation uncertainty. However, we do not find clear evidence of more net stock purchases during this period by insiders of firms with greater asymmetric timeliness. JEL Classifications: M41; G14.

Bank Stock Returns And Quarterly Earnings: Price Responses To Imminent Earnings Announcements

2011 ◽  
Vol 11 (2) ◽  
pp. 135 ◽  
Author(s):  
Thomas F. Gosnell ◽  
Andrea J. Heuson ◽  
Robert E. Lamy
Keyword(s):  
Stock Returns ◽  
Stock Price ◽  
Earnings Announcements ◽  
Abnormal Returns ◽  
Quarterly Earnings ◽  
Price Reaction ◽  
Earnings Information ◽  
Bank Stock Returns ◽  
Stock Price Reaction ◽  
Bank Stock

Numerous studies have documented that most of the stock price reaction to earnings announcements have occurred by the time the earnings information is made public. This study considers stock price reaction during the time period between the end of the accounting calendar when the forthcoming earnings information is ostensibly available to top management and the earnings release date to measure anticipatory price responses to imminent quarterly earnings announcements. Using bank stocks, the results indicate that portfolios composed of banks that eventually announce improved earnings show significant positive abnormal returns soon after the close of the accounting quarter while portfolios composed of banks that eventually publicize poor profit performance exhibit significant negative abnormal returns.

Stock returns and earnings announcements in Finland

1996 ◽  
Vol 5 (2) ◽  
pp. 199-216 ◽  
Author(s):  
Juha-Pekka Kallunki
Keyword(s):  
Stock Returns ◽  
Earnings Announcements
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