When Is Bad News Really Bad News

By Jennifer S. Conrad, Bradford Cornell, Wayne R. Landsman. 2002

307 citations recorded by the source corpus.

Subfields: Finance

View Paper: https://www.semanticscholar.org/paper/3411722525d4c5f6120e319a9c8911c84201a371

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Citations in the corpus

Asymmetric Responses to Earnings News: A Case for Ambiguity (2015, unknown): “The primary research design to capture the differential responses to good and bad earnings news is adopted from Conrad et al. (2002). í µí±í µí±í µí±í µí±í µí±í µí± = í µí»½í µí»½ í µí±í µí± + í µí»½í µí»½ 1 í µí°µí µí°µí µí°µí µí°µí µí°µí µí°µí µí±í µí±í µí°¸í µí°¸í µí°µí µí°µí µí°µí…”
Audit and non-audit fees and capital market perceptions of auditor independence (2009, unknown): “The inclusion of the market value of common equity as a control variable may not control fully for the effect of size on ERCs (Conrad et al., 2002).”
Investor Sentiment and Stock Market Response to Earnings News (2012, methodology): “Turning to the control variables, we include the interaction term between relative market PE and earnings surprise following Conrad et al. (2002). They find that the stock price sensitivity to good news is largely unaffected by relative market PE, but price sensitivity to bad news increases during p”
Micro Effects of Macro Announcements: Real-Time Price Discovery in Foreign Exchange (2003, unknown): “(1990) and Dacorogna et al. (1993), we use all of the interbank quotes that appeared on the Reuters screen during the sample period to construct our 5-minute returns.”
The Effects of Inflation News on High Frequency Stock Returns (2004, unknown): “8) performs the tests of Cutler et al. (1989) using intraday rather than daily returns.”
Does Earnings Guidance Affect Market Returns? The Nature and Information Content of Aggregate Earnings Guidance (2007, unknown): “11 Skinner and Sloan (2002) and Conrad, Cornell and Landsman (2002) document such an effect at the firm level.”
Bayesian Learning in Financial Markets: Testing for the Relevance of Information Precision in Price Discovery (2007, background): “Conrad, Cornell, and Landsman (2002) ﬁnd empirical evidence for such eﬀects by analyzing ﬁrm-speciﬁc stock price reactions to earnings announcements in dependence of the aggregate level of the mar-1 ket.”
Local institutional investors, information asymmetries, and equity returns (2010, methodology): “Second, by using a data set that covers the 1995–2007 sample period and by expanding it to include other types of institutions such as investment advisors, banks, and insurance companies, we provide evidence beyond that of Coval and Moskowitz (2001), who examine the importance of geographic proximit”