| ID | 363981 |
| Title Proper | Predisclosure information and institutional ownership: a cross-sectional examination of market revaluations during earnings announcement periods |
| Other Title Information | Center for Applied Research, Reprint Series No. 113, April 1998 |
| Language | ENG |
| Author | El-Gazzar, Samir M. |
| Summary / Abstract (Note) | This paper tests the hypothesis that the market price response to the earnings announcements is smaller for securities with higher institutional holdings. The empirical tests provide evidence that the higher the institutional holdings, the lower the market reaction to earnings releases after controlling for security capitalization and the number of analysts following the firm. |
| `In' analytical Note | In Pastore, Joseph M.: A Trustee's core obligation: ensuring economic performance and educational integrity. [Center for Applied Research, Reprint Series No. 110, December 1997] New York. Center for Applied Research, The Lubin School of Business, Pace University, 1997. |
| Key Words | Earnings releases ; Institutional investors' ownership ; Predisclosure information ; Size effect |