EASTON, PETER D.; MONAHAN, STEVEN J.; VASVARI, FLORIN P. - In: Journal of Accounting Research 47 (2009) 3, pp. 721-766
<heading id="h1" level="1" implicit="yes" format="display">ABSTRACT</heading>We document that: (1) the incidence of bond trade increases during the days surrounding earnings announcements, (2) there is a bond-price reaction to the announcement of earnings, and (3) there is a positive association between annual bond returns and both annual changes in earnings and...