Liquidity and Speculative Trading: Evidence from Stock Price Adjustments to Quarterly Earnings Announcements
This dissertation studies whether stock price reactions to quarterly earnings announcements depend on stock liquidity. Baker and Stein (2004) and Scheinkman and Xiong (2003) develop models showing that liquidity can be affected by investor sentiment or speculative trading. With short-sale constraint...
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Others |
| Language: | en |
| Published: |
LSU
2007
|
| Subjects: | |
| Online Access: | http://etd.lsu.edu/docs/available/etd-07102007-194806/ |