IR Papers: Don’t communicate – surprise the market

Comments (0) | 21 Dec 2010 | Rating | Print by Jeff Cossette

A roundup of academic research from the world of IR studies

Why do extreme positive earnings surprises occur? Sometimes you can chalk it up to analyst inattention; sometimes, it seems, managers create the earnings surprise to attract that attention. Indeed, recent research shows companies can get a significant increase in analyst coverage, trading volume and percentage of shares held by institutions ...

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