Market Reaction to Corporate Press Releases

By Andreas Neuhierl, A. Scherbina, Bernd Schlusche. Journal of Financial and Quantitative Analysis, 2013

122 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/d7511238c63978153083ab5bb202d496635ab890

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Citations in the corpus

Are Institutions Informed About News (2015, methodology): “Communicating information via press releases is a preferred method of accomplishing this.8 However, under the umbrella of Reg 8 Neuhierl, Scherbina, and Schlusche (2013) study the market reaction to press releases.”
Limit Order Books and Liquidity around Scheduled and Non-Scheduled Announcements: Empirical Evidence from NASDAQ Nordic (2017, unknown): “In contrast to papers analysing liquidity around announcement releases with Level I data only (see, e.g. Lee et al., 1993; Graham et al., 2006; Gross-Klussmann and Hautsch, 2011; Neuhierl et al., 2013), we use an extensive data set of Level II intra-day observations.”
Strategic News Releases in Equity Vesting Months (2018, background): “Subsequent to Regulation FD in October 2000 and Sarbanes-Oxley in July 2002, corporate news releases have been particularly important in communicating new information to investors (Neuhierl, Scherbina, and Schlusche (2013)).”
Dynamic Balancing of Exploration and Exploitation: The Contingent Benefits of Ambidexterity (2018, methodology): “We reanalyzed a random sample of 10% of the press releases in our database by identifying speciﬁc and concrete ﬁrm activities (Neuhierl et al. 2013).”
Public Sentiment and the Price of Corporate Sustainability (2020, methodology): “Future research could examine different types of news and distinguish the effect of sentiment driven by news about bribery and corruption, product recalls, and environmental contamination (see, e.g., Neuhierl et al. 2013).”