Purpose – This paper aims to investigate who causes post‐announcement drift and whether this drift is observed for various types of news announcements. Design/methodology/approach – Using Finnish share ownership data, the authors examine the trading behavior of foreign and domestic...

Purpose – This paper aims to investigate who causes post-announcement drift and whether this drift is observed for various types of news announcements. Design/methodology/approach – Using Finnish share ownership data, the authors examine the trading behavior of foreign and domestic investors...