Intertemporal variation in abnormal volume around earnings announcements: “Distraction” or “flocking-and-dispersing”?

Ivo Ph. Jansen and Andrei L. Nikiforov

Economics Letters, 2022, vol. 218, issue C

Abstract: We provide evidence that flocking-and-dispersing—not investor distraction—explains the negative relation between abnormal trading volume in stocks with earnings announcements and the number of “competing” earnings announcements on the same day.

Keywords: Investor distraction; Trading volume; Stock market; Earnings announcements (search for similar items in EconPapers)
JEL-codes: G10 G14 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:218:y:2022:i:c:s016517652200249x

DOI: 10.1016/j.econlet.2022.110722

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