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Author: | Vieru, M. |
Title: | The impact of interim earnings announcements on the permanent price effects of trades on the Helsinki stock exchange |
Journal: | Journal of Multinational Financial Management
2002 : FEB, VOL. 12:1, p. 41-59 |
Index terms: | EARNINGS INTERIM REPORTS PRICES STOCK EXCHANGES FINLAND |
Language: | eng |
Abstract: | This study examines whether the permanent price effects of individual trades are greater before or after an interim earnings announcement on the Helsinki Stock Exchange. Using permanent price effects as a measure of price adjustment for private information, tests were performed to see whether price adjustments are greater in pre-announcement periods than post-announcement periods. |
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