Block Trading and Information Revelation around Quarterly Earnings Announcements
- 1 April 1992
- journal article
- research article
- Published by Oxford University Press (OUP) in The Review of Financial Studies
- Vol. 5 (2) , 281-305
- https://doi.org/10.1093/rfs/5.2.281
Abstract
I investigate the empirical importance of information revelation in the pricing of block trades. In particular, I examine whether block prices are correlated with the unexpected part of firms’ quarterly earnings. For my sample of block trades, information revelation does indeed appear to be a significant factor shortly before earnings announcements.This publication has 16 references indexed in Scilit:
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