Benzion, Uri; Tavor, Tchai; Yagil, Joseph - In: International Journal of Finance & Economics 15 (2010) 3, pp. 247-262
This study investigates the impact of information technology on common stock returns and trading volume. By focusing mainly on the peak period of the hi-tech phenomenon, the findings imply that the market response to website launching is positive. During the event day and the two preceding days,...