Concepedia

Trading Volume and Price Reactions to Public Announcements

Oliver Kim, Robert E. Verrecchia

Journal of Accounting Research · 1991 · 1.2K citations · 25 references

DOI

Concepts

Abstract

Public announcement, Preannouncements of information, Private information, Price reaction

References

25

Continuous Auctions and Insider Trading

Albert S. Kyle · Econometrica · 1985 · 10K citations

, , +12

Bid, ask and transaction prices in a specialist market with heterogeneously informed traders

Lawrence R. Glosten, Paul Milgrom · Journal of Financial Economics · 1985 · 6.4K citations

, , +7

On the Impossibility of Informationally Efficient Markets

Joseph E. Stiglitz, Sanford J. Grossman · Columbia Academic Commons (Columbia University) · 1980 · 3.7K citations · Full text

, , +9

A Theory of Intraday Patterns: Volume and Price Variability

Anat R. Admati, Paul Pfleiderer · Review of Financial Studies · 1988 · 3.3K citations

, , +8

The Information Content of Annual Earnings Announcements

William H. Beaver · Journal of Accounting Research · 1968 · 2.8K citations

, , +14