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| Tekijä: | Bandyopadhyay, S. |
| Otsikko: | Market reaction to earnings announcements of SE and FC firms in the oil and gas industry |
| Lehti: | Accounting Review
1994 : OCT, VOL. 69:4, p. 657-674 |
| Asiasana: | EARNINGS OIL INDUSTRY GAS INDUSTRY |
| Kieli: | eng |
| Tiivistelmä: | The main finding of this study is that SE ERCs are, on average, greater than FC ERCs over the entire sample period. Unlike some prior studies, empirical tests in this paper control for the potentially confounding effects of exploration activity, growth, risk, earnings predictability and earnings persistence on ERCs. The sample and research design are described in section 1. Empirical tests are discussed in section 2. Some alternative explanations are also examined. |
SCIMA