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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.
SCIMA record nr: 231313
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