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Applied Economics Letters Volume 6, 1999 - Issue 12
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Original Articles

Earnings news and the behaviour of large and small traders in the Finnish stock market

G. Geoffrey Booth
,
Juha-Pekka Kallunki
&
Teppo Martikainen
Pages 771-774 | Published online: 06 Oct 2010
 
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Abstract

This paper investigates the impact of earnings news on the trading behaviour of different types of traders in Finland. The results indicate that small and large traders behave differently around the earnings announcements, small traders increasing their sell orders after negative earnings surprises.

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