Stock market reactions to dividend and earnings announcements in a tax-free environment

2018 ◽  
Vol 22 (2) ◽  
pp. 241-259
Author(s):  
Kienpin Tee ◽  
Abiot M. Tessema
Keyword(s):  
Stock Market ◽  
Earnings Announcements ◽  
Market Reactions ◽  
Free Environment ◽  
Stock Market Reactions

Accounting Methods and Differential Stock Market Response to the Announcement of Earnings

1993 ◽  
Vol 8 (3) ◽  
pp. 221-246 ◽  
Author(s):  
Morton Pincus
Keyword(s):  
Stock Market ◽  
Earnings Announcements ◽  
Empirical Support ◽  
Order Effect ◽  
Cross Sectional ◽  
Market Reactions ◽  
Earnings Response Coefficients ◽  
Earnings Response ◽  
Reported Earnings ◽  
Stock Market Reactions

The objective of this study is to assess the extent to which previously documented cross-sectional differences in stock market responses to earnings announcements are associated with firms' in-place voluntary accounting method choices. The possibility that managers may manage reported earnings via the choice of accounting policies provides a motivation for the study. Some conjectures about differences in “noise” in earnings signals generated under alternative accounting methods are developed and tested by estimating firm-specific earnings response coefficients. Both individual method choices (e.g., LIFO versus FIFO) and accounting method portfolios (conservative versus liberal sets of depreciation, inventory, and investment tax credit accounting alternatives) are examined. Overall there is little empirical support for the proposition that voluntary accounting method choices have a pervasive first-order effect on stock market reactions to earnings announcements.

COVID-19: Stock Market Reactions to the Shock and the Stimulus

2020 ◽  
Author(s):  
Maretno Agus Harjoto ◽  
Fabrizio Rossi ◽  
John Paglia
Keyword(s):  
Stock Market ◽  
Market Reactions ◽  
Stock Market Reactions

scholarly journals Geographic Scope and Real Estate Firm Performance during the COVID-19 Pandemic

2021 ◽  
Vol 14 (7) ◽  
pp. 309
Author(s):  
Xiaoling Chu ◽  
Chiuling Lu ◽  
Desmond Tsang
Keyword(s):  
Firm Performance ◽  
Real Estate ◽  
Stock Market ◽  
Adverse Impact ◽  
Corporate Diversification ◽  
Market Reactions ◽  
Geographic Scope ◽  
The Real Estate ◽  
Real Estate Sector ◽  
Stock Market Reactions

This study examines the effect of geographic scope in mitigating the adverse impact of the COVID-19 pandemic in the real estate sector. Utilizing the Chinese setting over the two-month period in 2020 from the beginning of the outbreak to the successful containment of the spread of virus, we show that while the pandemic has negatively impacted real estate firm returns, firms with broader geographic scope and more geographically diversified property allocations have managed to better endure the crisis. We further find that firms with higher leverage report lower returns during the pandemic irrespective of their geographic scope, but larger firms can lessen the adverse impact of the pandemic only if they have adopted a more diversified strategy. Overall, our study provides novel evidence on the benefit of diversification by demonstrating the importance of geographic scope and diversification at times of crises. Specifically, we show corporate diversification could be especially useful to mitigate the negative stock market reactions resulting from the pandemic. Moreover, diversification could even become essential for larger firms that are expected by the market to be more diversified.

ESG Rating Events and Stock Market Reactions

2021 ◽  
Author(s):  
Maximilian Glück ◽  
Benjamin Hübel ◽  
Hendrik Scholz
Keyword(s):  
Stock Market ◽  
Market Reactions ◽  
Stock Market Reactions
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