Earning Announcements and the Components of the Bid-Ask Aspread.

This study investigates the behaviour of the components of the bid-ask spread around earnings announcements. We find that adverse selection cost component significantly increases surrounding the announcements while the inventory holding and order processing components significantly decline during the same periods.

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Year of publication:	1996
Authors:	Krinsky, I. ; Lee, J.
Institutions:	Department of Economics, McMaster University
Subject:	BIDDING \| INFORMATION

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Series:	Quantitative Studies in Economics and Population Research Reports.
Type of publication:	Book / Working Paper
Notes:	23 pages
Classification:	D44 - Auctions ; D81 - Criteria for Decision-Making under Risk and Uncertainty
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005635314