Are Economically Significant Stock Returns and Trading Volumes Driven by Firm-specific News Releases?
Article Abstract:
Research shows that public domain information is a valid explanation of significant price changes, and that parsimonious news categories are key drivers. However, sell-side analysis and news services are not adequate substitutes for a company's preliminary and interim results.
Publication Name: Journal of Business Finance and Accounting
Subject: Business
ISSN: 0306-686X
Year: 2004
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Intra Day BidAsk Spreads, Trading Volume and Volatility: Recent Empirical Evidence from the London Stock Exchange
Article Abstract:
Analysis of 2001 London Stock Exchange data indicates that bid-ask spread patterns may be affected by differences in trading systems. Implications, such as the need to identify factors that determine intra-day patterns for various trading systems, are discussed.
Publication Name: Journal of Business Finance and Accounting
Subject: Business
ISSN: 0306-686X
Year: 2004
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Reactions of the London Stock Exchange to Company Trading Statement Announcements
Article Abstract:
Research on the London Stock Exchange reveals that market reaction to changes involving turnovers is less than market reaction to changes involving margins. Data were drawn from 2,000 trading statements between 1995 and 2001.
Publication Name: Journal of Business Finance and Accounting
Subject: Business
ISSN: 0306-686X
Year: 2004
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