Regularities in the equity price response to earnings announcements in Spain

References

• Atiase , R. 1985 . Predisclosure information, firm capitalisation and security price behaviour around earnings announcements . Journal of Accounting Research , 23 ( 1 ) : 21 – 35 .
   Web of Science ®Google Scholar
• Ball , R. and Kothari , S. 1991 . Security returns around earnings announcements . Accounting Review , 66 ( 4 ) : 718 – 738 .
   Web of Science ®Google Scholar
• Bamber , L. and Cheon , Y. 1995 . Differential price and volume reactions to earnings announcements . Accounting Review , 70 ( 3 ) : 417 – 441 .
   Web of Science ®Google Scholar
• Beaver , W. 1968 . The information content of annual earnings announcements . Journal of Accounting Research , 6 : 67 – 92 . Supplement
   Web of Science ®Google Scholar
• Beaver , W. , Clarke , R. and Wright , W. 1979 . The association between unsystematic security returns and the magnitude of earnings forecast errors . Journal of Accounting Research , 17 ( 2 ) : 316 – 340 .
   Web of Science ®Google Scholar
• Brookfield , D. and Morris , R. 1992 . The market impact of UK company news announcements . Journal of Business Finance and Accounting , 19 ( 4 ) : 585 – 601 .
   Google Scholar
• Brooks , R. 1996 . Changes in asymmetric information at earnings and dividend announcements . Journal of Business Finance and Accounting , 23 ( 3 ) : 359 – 378 .
   Google Scholar
• Brown , S. and Warner , J. 1985 . Using daily stock returns: the case of event studies . Journal of Financial Economics , 14 : 3 – 31 .
   Web of Science ®Google Scholar
• Chambers , A. and Penman , S. 1984 . Timeliness of reporting and the stock price reaction to earnings announcements . Journal of Accounting Research , 22 ( 1 ) : 21 – 47 .
   Web of Science ®Google Scholar
• Cohen , K. , Hawawini , G. , Maier , S. , Schwartz , R. and Whitcomb , D. 1983 . Friction in the trading process and the estimation of risk . Journal of Financial Economics , 12 : 263 – 278 .
   Web of Science ®Google Scholar
• Dontoh , A. and Ronen , J. 1993 . Information content of earnings announcements . Accounting Review , 68 ( 4 ) : 857 – 869 .
   Web of Science ®Google Scholar
• Elsharkawy , A. and Garrod , N. 1996 . The impact of investor sophistication on price responses to earnings news . Journal of Business Finance and Accounting , 23 ( 1 ) : 221 – 236 .
   Google Scholar
• Fama , E. and French , K. 1992 . The cross-section of expected stock returns . Journal of Finance , 47 ( 2 ) : 427 – 465 .
   Web of Science ®Google Scholar
• Fried , D. and Givoly , D. 1982 . Financial analysts' forecasts of earnings: a better surrogate for market expectations . Journal of Accounting and Economics , 4 ( 2 ) : 85 – 107 .
   Web of Science ®Google Scholar
• Gibbons , M. 1982 . Multivariate tests of financial models: a new approach . Journal of Financial Economics , 10 ( 1 ) : 3 – 28 .
   Web of Science ®Google Scholar
• Grant , E. 1980 . Market implications of differential amounts of interim information . Journal of Accounting Research , 18 ( 1 ) : 255 – 268 .
   Web of Science ®Google Scholar
• Larrán , M. and Rees , W. 1999 . Un análysis empírico de los pronósticos de los analistas financieros en el caso español . Revista Española de Financiación y Contabilidad , 101 : 675 – 729 .
   Google Scholar
• Lee , C. 1992 . Earnings news and small traders: an intraday analysis . Journal of Accounting and Economics , 15 ( 2/3 ) : 265 – 302 .
   Web of Science ®Google Scholar
• McInish , T. H. and Wood , R. A. 1986 . Adjusting for beta bias: an assessment of alternate techniques: a note . Journal of Finance , 41 ( 1 ) : 277 – 286 .
   Web of Science ®Google Scholar
• Mora , A. and Rees , W. 1998 . The early adoption of consolidated accounting in Spain . European Accounting Review , 7 ( 4 ) : 675 – 696 .
   Google Scholar
• Ocana , C. , Pena , I. and Robles , D. 1997 . Preliminary evidence on takeover target returns in Spain: a note . Journal of Business Finance and Accounting , 24 ( 1 ) : 145 – 153 .
   Google Scholar
• Patel , T. and Wolfson , M. 1984 . The intraday speed of adjustment of stock prices to earnings and dividend announcements . Journal of Financial Economics , 13 ( 2 ) : 223 – 252 .
   Web of Science ®Google Scholar
• Penman , S. 1984 . Abnormal returns to investment strategies based on the timing of earnings reports . Journal of Accounting and Economics , 6 : 199 – 228 .
   Google Scholar
• Pope , P. and Inyangete , C. 1992 . Differential information, the variability of UK stock returns and earnings announcements . Journal of Business Finance and Accounting , 19 ( 4 ) : 603 – 623 .
   Google Scholar
• Potter , G. 1992 . Accounting earnings announcements, institutional investor concentration and common stock returns . Journal of Accounting Research , 32 ( 1 ) : 146 – 155 .
   Google Scholar
• Shevlin , T. and Shores , D. 1993 . Firm size, security returns, and unexpected earnings: the anomalous signed-size effect . Contemporary Accounting Research , 10 ( 1 ) : 1 – 30 .
   Google Scholar
• Shores , D. 1990 . The association between interim information and security returns surrounding earnings announcements . Journal of Accounting Research , 28 ( 1 ) : 164 – 181 .
   Web of Science ®Google Scholar
• Walmsley , T. , Yadav , P. and Rees , W. 1992 . The information content of the company meeting programme of the Society of Investment Analysts of the United Kingdom: 1985–1990 . Journal of Business Finance and Accounting , 19 ( 4 ) : 571 – 584 .
   Google Scholar