How informed are actively trading institutional investors? Evidence from their trading behavior before a break in a string of consecutive earnings increases

Article Abstract:

The trading behavior of transient institutional investors over strings of consecutive earnings increases from 1986 to 1997 is examined to access their ability to predict the timing of breaks in the strings. It is indicated that transient institutional investors sell more shares than expected in the quarter before bad news break.

Forecasts, trends, outlooks, Forecasts and trends, Market trend/market analysis, Institutional investments, Securities trading

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Evidence on the joint determination of audit and non-audit fees

Article Abstract:

A study investigated whether the characteristics of clients, auditors, and the auditor-client relationship simultaneously determine audit and non-audit fees. Estimating single-equation models of audit and non-audit fee models, the prior findings of an association between audit and non-audit fees are confirmed.

Financial management, Services information, Finance, Services, Auditors, Company financing, Professional fees

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Do expect informational intermediaries add value? Evidence from Auditors in Microcap IPOs

Article Abstract:

Information provided by the expert informational intermediaries about the audit report of a firm's initial public offering (IPO) is important. The pre-IPO opinions of larger auditors are more predictive of post-IPO negative stock delistings.

Going public (Securities), Initial public offerings, Company public offering, Disclosure of information

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