Dey, Malay K.; Radhakrishna, B. - In: Journal of Business Finance & Accounting 34 (2007-01) 1-2, pp. 269-291
Using TORQ database we investigate the intra-day trading volume reactions to earnings announcements of five trader groups, individuals, institutions, exchange members, program traders, and specialists. The results of this study indicate that institutions are most active in the immediate...