Earnings Response Coefficient of Banking Shares : A Multi-Country Study with Control for Risk

  title={Earnings Response Coefficient of Banking Shares : A Multi-Country Study with Control for Risk},
  author={Mohamed Ariff},
This paper reports new finding on earnings response coefficients of banking firms on how information disclosed regarding (i) total earnings and (ii) fee earnings is associated with share price changes around the time of financial report releases. This paper extends to banking firms a widely used analysis of earnings response studies on non-banking firms. To obtain robust test results, we extended this common model, for the first time, by adding control variables and also by applying panel… CONTINUE READING

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