Variable trading hours and market reactions to earnings announcements

Philip A. Drummond

Economics Letters, 2023, vol. 229, issue C

Abstract: This study examines the relationship between stock market trading hours and market reactions to earnings announcements. The analysis demonstrates that post-announcement non-trading hours diminish trading volume reactions associated with differential interpretations. Moreover, post-announcement non-trading hours facilitate timely price reactions.

Keywords: Earnings announcements; Disclosure timing; Cyber-attacks (search for similar items in EconPapers)
JEL-codes: G12 G14 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:229:y:2023:i:c:s0165176523002240

DOI: 10.1016/j.econlet.2023.111199

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