Corporate Governance and the Timing of Earnings Announcements

Using comprehensive time stamp data on earnings announcements collected from newswires, we show that earnings news announced within trading hours results in approximately 50% smaller immediate reaction compared to similar earnings announced outside trading hours. Negative news tends to be announced...

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Veröffentlicht in:	Review of Finance 2014-10, Vol.18 (6), p.2003-2044
Hauptverfasser:	Michaely, Roni, Rubin, Amir, Vedrashko, Alexander
Format:	Artikel
Sprache:	eng
Schlagworte:	Comparative analysis Corporate governance Earnings announcements Organizational behavior Securities regulations Securities trading Studies
Online-Zugang:	Volltext
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