haku: @indexterm ECONOMIC FORECASTING / yhteensä: 665
viite: 18 / 665
| Tekijä: | Affleck-Graves, J. Callahan, C.M. Chipalkatti, N. |
| Otsikko: | Earnings predictability, information asymmetry, and market liquidity |
| Lehti: | Journal of Accounting Research
2002 : JUN, VOL. 40:3, p. 561-583 |
| Asiasana: | Adverse selection Asymmetric information Earnings Economic forecasting |
| Kieli: | eng |
| Tiivistelmä: | The relation between earnings predictability, information asymmetry and the behaviour of the adverse selection cost component of the bid-ask spread around quarterly earnings announcements is investigated for NASDAQ companies. While an increase is found in the adverse selection component of the bid-ask spread on the day of and the day prior to quarterly earnings announcements for companies with less predictable earnings, no evidence of such changes are found for companies with more predictable earnings. |
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