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Consumer behavior
Essay specific features
Written by:
Talisha G
Date added:
June 11, 2016
Level:
University
Grade:
A
No of pages / words:
2 / 530
Was viewed:
442 times
Rating of current essay:
Essay content:
They also develop hypothesis about cross-sectional variation in the magnitudes of stock price reactions to good and bad news disclosures as a function of attributes that proxy for managers' incentives and opportunities to withhold information. This assumptions presented in this paragraph are the main reason that the article is trying to explain for the behavior of the stock markets participants...
displayed 300 characters
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This assumptions presented in this paragraph are the main reason that the article is trying to explain for the behavior of the stock markets participants. Also we find a logical explication of why is possible for manager to withhold bad news.
First of all we need to understand that managers most reveal good or bad news symmetrically without withholding any news because new information is assumed to arrive randomly with managers having little control over the arrival of news...
displayed 300 characters
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