This paper shows that the degree of information asymmetry is lower for firms with more
frequent news releases. The relation holds for various measures of information asymmetry …

Libby, Mathieu, and Robb (2002) investigate, among other things, the impact of intraday
timing of earnings announcements on the bid-ask spread and depth for a sample of firms …

The aim of this paper is to examine market behaviour around the times of annual earnings
announcements made in the Paris Bourse. Accordingly, we propose to study both the …

Recent studies of fund manager performance find evidence of outperformance. However
limited research exists as to whether such outperformance is because of privately collected …

Roll (1988) finds that idiosyncratic influences strongly dominate systematic influences in
stock returns. However, it is extensively debated that whether the prevailing idiosyncratic …

The article finds evidence from the Helsinki Stock Exchange that the widely documented U-
shape pattern in trading activity–namely heavy trading in the beginning and at the end of the …

In der Literatur werden verschiedene Gründe (ua kürzere CEO-Amtszeiten, performance-
basierte Vergütung, Signaling gegenüber dem Arbeitsmarkt oder Informationsasymmetrien …

The selective focus of investors on explicit aspects of information associated with a stock,
and their optimism or pessimism about stocks are respectively known in the literature as …

This paper examines liquidity provision in an electronic limit order market around
macroeconomic news releases when fast execution of orders is especially important. In limit …

This study examines whether active investment managers profit over the short-term or hold
static positions (ie interpreting) in stocks surrounding public earnings announcements. We …