Seasonalities in security returns: The case of earnings announcements
作者： V.V Chari , Ravi Jagannathan , Aharon R Ofer
DOI: 10.1016/0304-405X(88)90033-5
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摘要: Abstract We document a seasonal pattern in stock returns around quarterly earnings announcement dates: small firms show large positive abnormal and sizable increase the variability of these dates. Only part can be accounted for by tendency with good news to announce early. Large no dates much smaller variability.
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