Stock price reaction to news and no-news: drift and reversal after headlines
Article Abstract:
Various investor reactions to news in an integrated model are studied and the hypothesis that stocks show no abnormal return after public news is tested. After studying a comprehensive database of headlines for a large group of firms, it is concluded that the theory is false. Investor over- and under-reaction is examined and the implications of patterns of abnormalities are discussed.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2003
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Leverage decision and manager compensation with choice of effort and volatility
Article Abstract:
A study of the incentive effects of levered stock versus unlevered stock granted by risk-averse shareholders to risk-averse managers and the findings are presented.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2004
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Strategic alliances, equity stakes, and entry deterrence
Article Abstract:
Implications of corporate alliances on inter-firm equity sales are examined.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2006
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