Opong, K. K. (1996) Hourly share price response to the release of preliminary annual financial reports: some UK evidence. British Accounting Review, 28(3), pp. 187-202. (doi: 10.1006/bare.1996.0014)
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Abstract
This paper examines the response of hourly share prices to the release of preliminary annual financial reports in the UK. The paper also examines the interaction effects of the joint announcement of annual earnings and dividend information. The results of the study indicate that significant price response to the release of annual reports occur in the hour in which the report is released. The results of the study do not support interaction effects between preliminary annual earnings and dividend information.
| Item Type: | Articles |
|---|---|
| Status: | Published |
| Refereed: | Yes |
| Glasgow Author(s) Enlighten ID: | Opong, Professor Kwaku |
| Authors: | Opong, K. K. |
| College/School: | College of Social Sciences > Adam Smith Business School > Accounting and Finance |
| Journal Name: | British Accounting Review |
| Publisher: | Elsevier |
| ISSN: | 0890-8389 |
| ISSN (Online): | 1095-8347 |
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