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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

References

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  • Bernard , V. L. and Thomas , J. K. 1989 . Post-earnings-announcement drift: delayed price response or price premium? Journal of Accounting Research . Supplement to , 27 : 1 – 48 .
  • Bernard , V. L. and Thomas , J. K. 1990 . Evidence that stock prices do not fully reflect the implications of current earnings for future earnings . Journal of Accounting and Economics , 13 : 305 – 340 .
  • Boehmer , E. J. , Musumeci , J. and Poulsen , A. B. 1991 . Event-study methodology under conditions of event-induced variance . Journal of Financial Economics , 30 : 253 – 272 .
  • Booth , G. G. , Kallunki , J.-P. and Martikainen , T. 1996 . Post-announcement drift and income smoothing: Finnish evidence . Journal of Business Finance and Accounting , 23 : 1197 – 1211 .
  • Booth , G. G. , Kallunki , J.-P. and Martikainen , T. 1997 . Delayed price response to the announcements of earnings and its components in Finland . European Accounting Review , 6 : 377 – 392 .
  • Heinkel , R. and Kraus , A. 1988 . Measuring event impacts in thinly traded stocks . Journal of Financial and Quantitative Analysis , 23 : 71 – 88 .
  • Holthausen , R. W. , Lefwich , R. W. and Mayers , D. 1987 . The effects of large block transactions on security prices: a cross-sectional analysis . Journal of Financial Economics , 19 : 327 – 368 .
  • Holthausen , R. W. , Lefwich , r. W. and Mayers , D. 1990 . Large block transactions, the speed of response and permanent and temporary price effects . Journal of Financial Economics , 26 : 71 – 95 .
  • International Federation of Stock Exchanges . 1992 . Statistics
  • Lee , C. M. C. 1992 . Earnings news and small traders . Journal of Accounting and Economics , 15 : 265 – 302 .
  • Lee , C. M. C. and Ready , M. J. 1991 . Inferring trade direction from intraday data . Journal of Finance , 46 : 733 – 746 .
  • Maynes , E. and Rumsey , J. 1993 . Conducting event studies with thinly traded stocks . Journal of Banking and Finance , 17 : 145 – 157 .
  • Patell , J. 1976 . Corporate forecasts of earnings per share and stock price behavior: empirical tests . Journal of Accounting Research , 14 : 246 – 276 .
  • Troberg , P. 1992 . Recent developments in financial reporting in Finland . Advances in International Accounting , 5 : 25 – 45 .

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