Do Earnings Announcements Affect Trading Volume The Role Of Speculators PDF Download
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Author | : Ivo Ph Jansen |
Publisher | : |
Total Pages | : 46 |
Release | : 2015 |
Genre | : |
ISBN | : |
Download Do Earnings Announcements Affect Trading Volume? The Role of Speculators Book in PDF, ePub and Kindle
This study documents that total market volume is almost entirely unrelated to intertemporal variation in the number of earnings announcements. Thus, while individual earnings announcements, on average, significantly impact trading volume (e.g., Beaver, 1968), in aggregate this impact is minimal. We provide evidence that this seeming inconsistency is reconciled by the very large presence of speculators in the market, who trade around information events not for what those say about intrinsic values, but for the short-term price momentum they generate.
Author | : Linda Smith Bamber |
Publisher | : |
Total Pages | : |
Release | : 2000 |
Genre | : |
ISBN | : |
Download Trading Volume and Different Aspects of Disagreement Coincident with Earnings Announcements Book in PDF, ePub and Kindle
This paper investigates the association between disagreement coincident with earnings announcements and investors' trading decisions. Theory suggests that trading volume arises because of investor disagreement, but disagreement is a multi-faceted construct. We find that three distinctlydifferent aspects of disagreement each play an incremental role in explaining trading volume around earnings announcements, even after controlling for the magnitude of the contemporaneous price change. These aspects of disagreement are: dispersion in prior beliefs, divergence in beliefs, and belief jumbling. Dispersion in prior beliefs is the cross-sectional variation in expectations before the earnings announcement, divergence in beliefs is the change in the dispersion in beliefs, and belief jumbling occurs when investors' beliefs change positions relative to each other. Our results indicate that each of these three aspects of disagreement coincident with earnings announcements affects investors' real economic (i.e., trading) decisions.
Author | : Siu Kai Choy |
Publisher | : |
Total Pages | : |
Release | : 2011 |
Genre | : |
ISBN | : 9780494777688 |
Download Essays on the Impact of Investors Speculation and Disagreements on Security Prices and Trading Volume Book in PDF, ePub and Kindle
Author | : James Dale Vincent |
Publisher | : |
Total Pages | : 65 |
Release | : 2010 |
Genre | : |
ISBN | : |
Download The Effect of Earnings Announcements on Trading Outcomes for Different Investor Classes Book in PDF, ePub and Kindle
Author | : Philip L. Carret |
Publisher | : Pickle Partners Publishing |
Total Pages | : 401 |
Release | : 2015-11-06 |
Genre | : Business & Economics |
ISBN | : 1786256746 |
Download The Art Of Speculation Book in PDF, ePub and Kindle
Philip L. Carret (1896-1998) was a famed investor and founder of The Pioneer Fund (Fidelity Mutual Trust), one of the first Mutual Funds in the United States. A former Barron’s reporter and WWI aviator, Carret launched the Mutual Trust in 1928 after managing money for his friends and family. The initial effort evolved into Pioneer Investments. He ran the fund for 55 years, during which an investment of $10,000 became $8 million. Warren Buffett said of him that he had “the best long term investment record of anyone I know” He is most famous for the long successful track record he achieved investing in Common Stocks and for being one of Warren Buffett’s role models. This book comprises a series of articles written for Barron’s and published in book form in 1930.—Print Ed.
Author | : Sue Joy Wright |
Publisher | : |
Total Pages | : 720 |
Release | : 2014 |
Genre | : Business enterprises |
ISBN | : 9780170261951 |
Download Business Analysis and Valuation Book in PDF, ePub and Kindle
Business Analysis and Valuation has been developed specifically for students undertaking accounting Valuation subjects. With a significant number of case studies exploring various issues in this field, including a running chapter example, it offers a practical and in-depth approach. This second edition of the Palepu text has been revitalised with all new Australian content in parts 1-3, making this edition predominantly local, while still retaining a selection of the much admired and rigorous Harvard case studies in part 4. Retaining the same author team, this new edition presents the field of valuation accounting in the Australian context in a clear, logical and thorough manner.
Author | : William H. Janeway |
Publisher | : Cambridge University Press |
Total Pages | : 345 |
Release | : 2012-10-08 |
Genre | : Business & Economics |
ISBN | : 1107031257 |
Download Doing Capitalism in the Innovation Economy Book in PDF, ePub and Kindle
A unique insight into the interaction between the state, financiers and entrepreneurs in the modern innovation economy.
Author | : William Curt Hunter |
Publisher | : MIT Press |
Total Pages | : 650 |
Release | : 2005 |
Genre | : Business & Economics |
ISBN | : 9780262582537 |
Download Asset Price Bubbles Book in PDF, ePub and Kindle
A study of asset price bubbles and the implications for preventing financial instability.
Author | : Marc Levinson |
Publisher | : The Economist |
Total Pages | : 250 |
Release | : 2018-07-24 |
Genre | : Business & Economics |
ISBN | : 1541742516 |
Download Guide to Financial Markets Book in PDF, ePub and Kindle
The revised and updated 7th edition of this highly regarded book brings the reader right up to speed with the latest financial market developments, and provides a clear and incisive guide to a complex world that even those who work in it often find hard to understand. In chapters on the markets that deal with money, foreign exchange, equities, bonds, commodities, financial futures, options and other derivatives, the book examines why these markets exist, how they work, and who trades in them, and gives a run-down of the factors that affect prices and rates. Business history is littered with disasters that occurred because people involved their firms with financial instruments they didn't properly understand. If they had had this book they might have avoided their mistakes. For anyone wishing to understand financial markets, there is no better guide.
Author | : Bjørn Espen Eckbo |
Publisher | : Elsevier |
Total Pages | : 559 |
Release | : 2007-05-21 |
Genre | : Business & Economics |
ISBN | : 0080488919 |
Download Handbook of Corporate Finance Book in PDF, ePub and Kindle
Judging by the sheer number of papers reviewed in this Handbook, the empirical analysis of firms’ financing and investment decisions—empirical corporate finance—has become a dominant field in financial economics. The growing interest in everything “corporate is fueled by a healthy combination of fundamental theoretical developments and recent widespread access to large transactional data bases. A less scientific—but nevertheless important—source of inspiration is a growing awareness of the important social implications of corporate behavior and governance. This Handbook takes stock of the main empirical findings to date across an unprecedented spectrum of corporate finance issues, ranging from econometric methodology, to raising capital and capital structure choice, and to managerial incentives and corporate investment behavior. The surveys are written by leading empirical researchers that remain active in their respective areas of interest. With few exceptions, the writing style makes the chapters accessible to industry practitioners. For doctoral students and seasoned academics, the surveys offer dense roadmaps into the empirical research landscape and provide suggestions for future work. *The Handbooks in Finance series offers a broad group of outstanding volumes in various areas of finance *Each individual volume in the series should present an accurate self-contained survey of a sub-field of finance *The series is international in scope with contributions from field leaders the world over