Security Price Reactions to Initial Reviews of Common Stock by the Value Line Investment Survey

1987 ◽  
Vol 22 (4) ◽  
pp. 483 ◽  
Author(s):  
David R. Peterson
Keyword(s):  
Common Stock ◽  
Security Price ◽  
Price Reactions

scholarly journals Transaction Costs And The Information Content Of Dividend Cuts

2011 ◽  
Vol 6 (2) ◽  
pp. 32
Author(s):  
Albert R. Eddy ◽  
Joel N. Morse
Keyword(s):  
Transaction Costs ◽  
Equilibrium Price ◽  
Common Stock ◽  
Full Information ◽  
Simultaneous Presence ◽  
Price Reaction ◽  
Dividend Signaling ◽  
Informed Traders ◽  
Security Price ◽  
Dividend Cuts

This paper models security price reaction to dividend cut announcements in the presence of informed traders and transaction costs. A transaction costs barrier prevents the attainment of a full information equilibrium price prior to the announcement of the cut. An empirical study of transaction costs and price reaction for both common stock and call options indicates that transaction costs may constitute a significant portion of security price reactions to cut announcements. Interestingly, the results of this interpretation allow for the simultaneous presence of dividend signaling and an informed subset of investors.

Security Price Reactions to Long-Range Executive Earnings Forecasts

1979 ◽  
Vol 17 (1) ◽  
pp. 140 ◽  
Author(s):  
Donald R. Nichols ◽  
Jeffrey J. Tsay
Keyword(s):  
Long Range ◽  
Earnings Forecasts ◽  
Security Price ◽  
Price Reactions

scholarly journals Value relevance of key accounting information and earnings management: high-tech versus low-tech firms

2007 ◽  
Vol 4 (4) ◽  
pp. 285-299
Author(s):  
Sung S. Kwon ◽  
Brian Gaber ◽  
Peggy Ng
Keyword(s):  
Earnings Management ◽  
Value Relevance ◽  
Accounting Information ◽  
Discretionary Accruals ◽  
High Tech ◽  
Sample Period ◽  
Financial Variables ◽  
Security Price ◽  
Price Reactions ◽  
And Performance

This paper examines the value-relevance of primary accounting information and the size of earnings management concurrently for high-tech versus low-tech firms. Specifically, the results reveal that earnings and changes in earnings of high-tech firms reflect lower levels of security price reactions and associations than those of low-tech firms. In addition, consistent with evidence from prior research, greater levels of earnings management, measured by modified Jones and performance-matched discretionary accruals (proxies for earnings management), exist for high-tech firms vis-à-vis low-tech firms over the sample period. More importantly, this paper also documents that the association between cumulative adjusted returns and key financial variables, including earnings, changes in earnings, sales, and changes in sales, remains weaker for high-tech firms than for low-tech firms even after levels of earnings management have been controlled for.

SECURITY PRICE REACTIONS AROUND PRODUCT RECALL ANNOUNCEMENTS

1986 ◽  
Vol 9 (2) ◽  
pp. 113-122 ◽  
Author(s):  
Stephen W. Pruitt ◽  
David R. Peterson
Keyword(s):  
Product Recall ◽  
Security Price ◽  
Price Reactions

Security price reactions around corporate spin-off announcements

1983 ◽  
Vol 12 (4) ◽  
pp. 409-436 ◽  
Author(s):  
Gailen L. Hite ◽  
James E. Owers
Keyword(s):  
Security Price ◽  
Price Reactions

Client Security Price Reactions to the Laventhol and Horwath Bankruptcy

1995 ◽  
Vol 33 (2) ◽  
pp. 385 ◽  
Author(s):  
William R. Baber ◽  
Krishna R. Kumar ◽  
Thomas Verghese
Keyword(s):  
Security Price ◽  
Price Reactions

Security Price Reactions to Changes in Foreign Currency Translation Standards

1986 ◽  
Vol 1 (3) ◽  
pp. 185-205 ◽  
Author(s):  
Betty C. Brown ◽  
Jay T. Brandi
Keyword(s):  
Multinational Enterprises ◽  
Foreign Currency ◽  
Abnormal Returns ◽  
Financial Accounting ◽  
Control Group ◽  
Economic Changes ◽  
Early Adoption ◽  
Security Price ◽  
Price Reactions ◽  
Accounting Changes

This paper examines security price reactions to the early adoption of FASB Statement of Financial Accounting Standards (SFAS) No. 52. Abnormal returns of a group of multinational enterprises that adopted the standard as of December 31, 1981, were compared with the abnormal returns of a control group of multinationals that postponed adoption. Differences between the two groups began two weeks prior to year-end and continued for five months. This raises questions about both market efficiency and investors' abilities to distinguish between economic changes and accounting changes.

SECURITY PRICE REACTIONS AROUND PRODUCT RECALL ANNOUNCEMENTS

1985 ◽  
Vol 20 (3) ◽  
pp. 99-99 ◽  
Author(s):  
Stephen W. Pruitt ◽  
David R. Peterson
Keyword(s):  
Product Recall ◽  
Security Price ◽  
Price Reactions

A Fundamental Preferences Model of Common Stock Returns

CFA Digest ◽  
1999 ◽  
Vol 29 (2) ◽  
pp. 30-31
Author(s):  
Laurie Effron
Keyword(s):  
Stock Returns ◽  
Common Stock
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