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  • Daniel A Cohen, Thomas Z Lys, Shyam V Sunder, Yonca Ertimur, Thomas Dyckman, Tom Fields +4 others
  • 2005
We reexamine the existence of earnings announcement-day premia and find that they persist beyond the sample period of earlier studies, over different disclosure environments and remain robust to the refinement of using the expected announcement day rather than the actual announcement day. We provide evidence that the premia are reduced in the presence of(More)
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