Finally, we compare market reactions to anticipated announcements of known precision with the response to announcements that are either unanticipated or of uncertain quality.doi:10.1016/0304-405X(91)90033-GOliver KimRobert E. VerrecchiaJournal of Financial Economics...
Market reaction to anticipated announcements Journal of Financial Economics (1991) P. Milgrom et al. Information, trade, and common knowledge Journal of Economic Theory (1982) N. Naik et al. Risk management with derivatives by dealers in government bond markets Journal of Finance (2003) K. Nybor...
Market reaction to anticipated announcements In this paper we analyze how anticipating a forthcoming public announcement affects the market reaction to the announcement by altering investors' incentives to acquire private information. Specifically, we study price change, volume, an......
Pharmaceutical companies operate in a strictly regulated and highly risky environment in which a single slip can lead to serious financial implications. Accordingly, the announcements of clinical trial results tend to determine the future course of event
Crude oil futures rallied June 1 as the market reacted to the passage of a US debt ceiling bill in the House of Representatives, meanwhile fresh data weigh... B Azhar,J Melvin - 《Platts Oilgram News》 被引量: 0发表: 2023年 Bond Market Reaction to Untimely Filings of 10-K and 10-...
The Global Strategy Consulting Firms Are Entering the M&A Fray, Just As Clearsight Anticipated September 8, 2015 By Clearsight Insights The large, strategy consulting firms have been showing more interest in M&A over the past 18 months and as predicted, we are now seeing deals ...
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These patterns often attract investors who aim to capitalize on anticipated price movements, creating a self-reinforcing cycle. But what if you could stay one step ahead of the crowd? By front-running these seasonal trends—buying sectors with expected positive performance (or shorting those with ...
For example, Coppel and Connolly (2003) find that the extent to which market participants anticipate changes in the policy rate has gradually increased since the late 1980s, as has the speed of reaction to interest rate announcements. The results are quite similar across the countries Data and ...
Finally, I explore the cross-sectional variation in the bond market response to rating changes and find that the reaction to rating changes that appear to be less anticipated is significantly stronger, i.e., downgrades (upgrades) preceded by positive (negative) abnormal bond returns elicit signifi...