Wealth Effects of Corporate Presentations to the New York Society of Security Analysts

Wealth Effects of Corporate Presentations to the New York Society of Security Analysts

Corporate presentations to societies of the Financial Analysts Federation are generally considered a good public relations gesture. No "new" information is presumably given out at these meetings, hence they should not affect the share prices of the presenting firms. Nevertheless, the evide...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Veröffentlicht in:Financial analysts journal 1993-03, Vol.49 (2), p.88-89
Hauptverfasser: Sundaram, Srinivasan, William A. Ogden, Jr, Walker, Michael C.
Format: Artikel
Sprache:eng
Schlagworte:
Abnormal returns
Arithmetic mean
Business administration
Business structures
Common stock
Corporate planning
Economic theory
Executives
Financial advisers
Information dissemination
Institutional investments
Prices
Returns
Securities markets
Statistical analysis
Statistics
Stock prices
Stock shares
Studies
Technical Notes
Wealth
Wealth effect
Online-Zugang:Volltext
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
Beschreibung
Zusammenfassung:Corporate presentations to societies of the Financial Analysts Federation are generally considered a good public relations gesture. No "new" information is presumably given out at these meetings, hence they should not affect the share prices of the presenting firms. Nevertheless, the evidence indicates abnormal excess returns for a firm on the day of and the day after its presentation.
ISSN:0015-198X
1938-3312
DOI:10.2469/faj.v49.n2.88