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Event Day 0? After‐Hours Earnings Announcements

Event Day 0? After‐Hours Earnings Announcements ABSTRACT In recent years, the proportion of after‐hours earnings announcements has increased to more than 40%. For after‐hours announcements, earnings‐related volume and price changes are not observed on the Compustat or I/B/E/S earnings announcement date, but one trading day later. This study demonstrates the importance of accounting for after‐hours announcements for event studies around earnings announcements. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Accounting Research Wiley

Event Day 0? After‐Hours Earnings Announcements

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References (27)

Publisher
Wiley
Copyright
©, University of Chicago on behalf of the Institute of Professional Accounting, 2008
ISSN
0021-8456
eISSN
1475-679X
DOI
10.1111/j.1475-679X.2008.00312.x
Publisher site
See Article on Publisher Site

Abstract

ABSTRACT In recent years, the proportion of after‐hours earnings announcements has increased to more than 40%. For after‐hours announcements, earnings‐related volume and price changes are not observed on the Compustat or I/B/E/S earnings announcement date, but one trading day later. This study demonstrates the importance of accounting for after‐hours announcements for event studies around earnings announcements.

Journal

Journal of Accounting ResearchWiley

Published: Mar 1, 2009

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