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This study investigates individual and institutional trading in competing firms around earnings announcements. We find individual and institutional informed trading in competing firms, which is dominant prior to earnings announcements. Magnitude of institutional (individual) net order flow...
Persistent link: https://www.econbiz.de/10013000859
This study investigates individual and institutional trading activities before and after earnings announcements to infer informed trading in competing firms. We find evidence for individual and institutional informed trading in competing firms before earnings announcements. Magnitude of...
Persistent link: https://www.econbiz.de/10012965253
This paper investigates trade initiation activities ‘immediately' before and after earnings and takeover ‘day' announcements. We find that investors' initiate buy and sell (buy or sell) trades immediately before (after) earnings and takeover day announcements. High volatility and more...
Persistent link: https://www.econbiz.de/10012949608
This study investigates individual and institutional trading activities in competing firms to infer informed trading. We find evidence for individual and institutional informed trading in competing firms around earnings announcements. The evidence is stronger prior to announcements than after...
Persistent link: https://www.econbiz.de/10012988323
This paper examines the impact of release time of earnings and take over announcements on motives of trade initiation. We find that investors' initiate buy and sell (buy or sell) trades immediately before (after) earnings and takeover announcements ‘day' announcements. High volatility and more...
Persistent link: https://www.econbiz.de/10012862988
Persistent link: https://www.econbiz.de/10012306337
Persistent link: https://www.econbiz.de/10012231159
This article analyzed the presence of long memory in volatility in 5 Asian equity indices namely SENSEX, CNIA, NIKKEI225, KO11 and FTSTI, using 5 minutes intraday return series ranging from 05-jan-2015 to 06-Aug-2015. The study employed ARFIMA-FIGARCH model and ARFIMA-APARCH model and compared...
Persistent link: https://www.econbiz.de/10013003892
Purpose: This study examines how, and to what extent the trading of the cross-listed China-backed ADRs on the New York Stock Exchange (NYSE) contributes to the information flow and price discovery for the corresponding cross-listed stocks on the Shanghai Stock exchange (SSE)....
Persistent link: https://www.econbiz.de/10011886980
Persistent link: https://www.econbiz.de/10011759243