Investigating the Integration beetween Asymmetric Decrease in Liquidity Trading before Earnings Announcements, The Announcement Return Premium and Profitability News Announcements Using a Simultaneous Equations System
Because of high information asymmetry, in the days before earnings announcements, stock trading is decreased. After checking it was found that the decrease in trading is asymmetric (imbalancing) and the decrease in purchases of shares in these days is more than of the sales decline the decision of t...
| Main Authors: | , |
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| Format: | Article |
| Language: | fas |
| Published: |
University of Isfahan
2018-12-01
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| Series: | Journal of Asset Management and Financing |
| Subjects: | |
| Online Access: | https://amf.ui.ac.ir/article_21351_03d3c842933091fc4a8ca3ce36b065bf.pdf |