Does financial statement comparability mitigate delayed trading volume before earnings announcements?

Volume: 107, Pages: 62 - 75
Published: Feb 1, 2020
Abstract
This paper examines the role of financial statement comparability in shaping trading volume prior to earnings announcements. We find that the degree of delayed trading volume prior to earnings announcements is less pronounced for firms with more comparable financial statements. In addition, the effect of financial statement comparability on pre-announcement trading volume is stronger in more opaque information environments. Our findings are...
Paper Details
Title
Does financial statement comparability mitigate delayed trading volume before earnings announcements?
Published Date
Feb 1, 2020
Volume
107
Pages
62 - 75
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