Clarkson, Peter M.; Joyce, Daniel; Tutticci, Irene - In: Accounting and Finance 46 (2006) 1, pp. 31-52
We examine the market reaction to takeover rumour postings in the "Hotcopper" Internet Discussion Site (IDS). Results from the interday analysis show abnormal returns and trading volumes on the day before and the day of the posting. Results of the intraday analysis show abnormal returns and...