Corporate governance, market conditions and investors' reaction to information signals
We examine and compare the extent to which the reaction of investors to earnings announcements is influenced by a firm's governance profile and prevailing market conditions. We find that firms with better governance characteristics experience a larger initial reaction to both good and bad earni...
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Published in | Australian journal of management Vol. 48; no. 1; pp. 38 - 66 |
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Main Authors | , , , |
Format | Journal Article |
Language | English |
Published |
Kensington, NSW
SAGE Publications
01.02.2023
Sage Publications Ltd |
Subjects | |
Online Access | Get full text |
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