search query: @indexterm DISCLOSURE OF INFORMATION / total: 199
reference: 16 / 199
| Author: | Penman, S. H. |
| Title: | The distribution of earnings news over time and seasonalities in aggregate stock returns. |
| Journal: | Journal of Financial Economics
1987 : JUN, VOL. 18:2, p. 199-228 |
| Index terms: | EARNINGS STOCK MARKETS DISCLOSURE OF INFORMATION SEASONAL FLUCTUATION |
| Language: | eng |
| Abstract: | Coincidental seasonalities in aggregate corporate earnings news and stock returns are documented. The earnings report data are described and firms' reporting patterns are summarized. Because the interpretation of the results on the distribution of the earnings news over time assumes that the sample of earnings reports is representative, these data are discussed at some length. The intraquarter distribution of good and bad earnings news is documented. The inquarter distribution of market stocks returns is reported and the intraweek distribution of earnings news are examined. |
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