메뉴 건너뛰기




Volumn 13, Issue 2-3, 2007, Pages 270-281

Is there less informed trading after regulation fair disclosure?

Author keywords

Earning announcements; Informed trading; Regulation; Summary informativeness

Indexed keywords


EID: 34249657992     PISSN: 09291199     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jcorpfin.2006.11.002     Document Type: Article
Times cited : (30)

References (25)
  • 1
    • 33847064630 scopus 로고    scopus 로고
    • Agrawal, A., Chadha, S., Chen, M., in press. Who is afraid of reg FD? The behavior and performance of sell-side analysts following the SEC's fair disclosure rules. Journal of Business 79 (6).
  • 2
    • 34249729523 scopus 로고    scopus 로고
    • The impact of regulation fair disclosure on investors' prior information quality - evidence from an analysis of changes in trading volume and stock price reactions to earnings announcements
    • 10.1016/j.jcorpfin.2006.11.003 (this volume)
    • Ahmed A., and Schneible R. The impact of regulation fair disclosure on investors' prior information quality - evidence from an analysis of changes in trading volume and stock price reactions to earnings announcements. Journal of Corporate Finance 13 (2007) 282-299 10.1016/j.jcorpfin.2006.11.003 (this volume)
    • (2007) Journal of Corporate Finance , vol.13 , pp. 282-299
    • Ahmed, A.1    Schneible, R.2
  • 3
    • 0001497455 scopus 로고    scopus 로고
    • Depth improvement and adjusted price improvement on the New York stock exchange
    • Bacidore J., Battalio R., and Jennings R. Depth improvement and adjusted price improvement on the New York stock exchange. Journal of Financial Markets 5 (2002) 169-195
    • (2002) Journal of Financial Markets , vol.5 , pp. 169-195
    • Bacidore, J.1    Battalio, R.2    Jennings, R.3
  • 4
    • 0345447646 scopus 로고    scopus 로고
    • Regulation fair disclosure and earnings information: market, analyst, and corporate responses
    • Bailey W., Li H., Mao C., and Zhong R. Regulation fair disclosure and earnings information: market, analyst, and corporate responses. Journal of Finance 58 (2003) 2487-2514
    • (2003) Journal of Finance , vol.58 , pp. 2487-2514
    • Bailey, W.1    Li, H.2    Mao, C.3    Zhong, R.4
  • 6
    • 3943106745 scopus 로고    scopus 로고
    • Managerial and investor responses to disclosure regulation: the case of Reg FD and conference calls
    • Bushee B., Matsumoto D., and Miller G. Managerial and investor responses to disclosure regulation: the case of Reg FD and conference calls. Accounting Review 79 (2004) 617-643
    • (2004) Accounting Review , vol.79 , pp. 617-643
    • Bushee, B.1    Matsumoto, D.2    Miller, G.3
  • 8
    • 33645435298 scopus 로고    scopus 로고
    • The impact of regulation fair disclosure on information asymmetry and trading: an intraday analysis
    • Chiyachantana C., Jiang C., Taechapiroontong N., and Wood R. The impact of regulation fair disclosure on information asymmetry and trading: an intraday analysis. Financial Review 39 (2004) 549-577
    • (2004) Financial Review , vol.39 , pp. 549-577
    • Chiyachantana, C.1    Jiang, C.2    Taechapiroontong, N.3    Wood, R.4
  • 9
    • 0010940821 scopus 로고
    • Price, trade size and information in securities markets
    • Easley D., and O'Hara M. Price, trade size and information in securities markets. Journal of Financial Economics 19 (1987) 69-90
    • (1987) Journal of Financial Economics , vol.19 , pp. 69-90
    • Easley, D.1    O'Hara, M.2
  • 11
    • 49149143225 scopus 로고
    • Stock returns and the weekend effect
    • French K. Stock returns and the weekend effect. Journal of Financial Economics 8 (1980) 55-69
    • (1980) Journal of Financial Economics , vol.8 , pp. 55-69
    • French, K.1
  • 12
    • 0000334056 scopus 로고
    • Day of the week effects and asset returns
    • Gibbons M., and Hess P. Day of the week effects and asset returns. Journal of Business 54 (1981) 579-596
    • (1981) Journal of Business , vol.54 , pp. 579-596
    • Gibbons, M.1    Hess, P.2
  • 14
    • 34249748994 scopus 로고    scopus 로고
    • SEC regulation fair disclosure, information, and the cost of capital
    • 10.1016/j.jcorpfin.2006.11.001 (this volume)
    • Gomes A., Gorton G., and Madureira L. SEC regulation fair disclosure, information, and the cost of capital. Journal of Corporate Finance 13 (2007) 300-334 10.1016/j.jcorpfin.2006.11.001 (this volume)
    • (2007) Journal of Corporate Finance , vol.13 , pp. 300-334
    • Gomes, A.1    Gorton, G.2    Madureira, L.3
  • 15
    • 0001740585 scopus 로고
    • The summary informativeness of stock trades: an econometric analysis
    • Hasbrouck J. The summary informativeness of stock trades: an econometric analysis. Review of Financial Studies 4 (1991) 571-595
    • (1991) Review of Financial Studies , vol.4 , pp. 571-595
    • Hasbrouck, J.1
  • 16
    • 84977728940 scopus 로고
    • Measuring the information content of stock trades
    • Hasbrouck J. Measuring the information content of stock trades. Journal of Finance 46 (1991) 179-207
    • (1991) Journal of Finance , vol.46 , pp. 179-207
    • Hasbrouck, J.1
  • 17
    • 70350341186 scopus 로고    scopus 로고
    • Modeling microstructure time series
    • Maddala G.S., and Rao C.R. (Eds), North-Holland, Amsterdam
    • Hasbrouck J. Modeling microstructure time series. In: Maddala G.S., and Rao C.R. (Eds). Statistical methods in finance, Handbook of statistics vol. 14 (1996), North-Holland, Amsterdam 647-692
    • (1996) Statistical methods in finance, Handbook of statistics , vol.14 , pp. 647-692
    • Hasbrouck, J.1
  • 18
    • 14844303756 scopus 로고    scopus 로고
    • Trade size and the adverse selection component of the spread: which trades are "big"?
    • Heflin F., and Shaw K. Trade size and the adverse selection component of the spread: which trades are "big"?. Journal of Financial Research 28 (2005) 133-163
    • (2005) Journal of Financial Research , vol.28 , pp. 133-163
    • Heflin, F.1    Shaw, K.2
  • 19
    • 0001890588 scopus 로고
    • Market liquidity and volume around earnings announcements
    • Kim O., and Verrecchia R. Market liquidity and volume around earnings announcements. Journal of Accounting and Economics 17 (1994) 41-67
    • (1994) Journal of Accounting and Economics , vol.17 , pp. 41-67
    • Kim, O.1    Verrecchia, R.2
  • 20
    • 34248682883 scopus 로고    scopus 로고
    • A reexamination of information flow in financial markets: the impact of regulation FD and decimalization
    • Mathew P., Hughen J., and Ragan K. A reexamination of information flow in financial markets: the impact of regulation FD and decimalization. Quarterly Journal of Business and Economics 43 (2004) 123-147
    • (2004) Quarterly Journal of Business and Economics , vol.43 , pp. 123-147
    • Mathew, P.1    Hughen, J.2    Ragan, K.3
  • 22
    • 34249690942 scopus 로고    scopus 로고
    • Sarbanes-Oxley Act of 2002, Pub. L. No. 107-204, 116 Stat. 745, also known as the Public Company Accounting Reform and Investor Protection Act of 2002; July 30, 2002.
  • 23
    • 0039246531 scopus 로고    scopus 로고
    • How well do adverse selection components measure adverse selection?
    • Van Ness B., Van Ness R., and Warr R. How well do adverse selection components measure adverse selection?. Financial Management 30 (2002) 77-98
    • (2002) Financial Management , vol.30 , pp. 77-98
    • Van Ness, B.1    Van Ness, R.2    Warr, R.3
  • 24
    • 0000095552 scopus 로고
    • A heteroskedasticity-consistent covariance matrix and a direct test for heroskedasticity
    • White H. A heteroskedasticity-consistent covariance matrix and a direct test for heroskedasticity. Econometrica 48 (1980) 817-838
    • (1980) Econometrica , vol.48 , pp. 817-838
    • White, H.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.