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@swinshi My go to example has been corporate earnings, where research has shown 1 cent changes can be important: https://t.co/g1rzgC09Ls
@swinshi My go to example has been corporate earnings, where research has shown 1 cent changes can be important: https://t.co/g1rzgC09Ls
@kylascan Reminded me of this paper going back 15 years...https://t.co/Xl8G5Bszo9 "Making Sense of Cents: An Examination of Firms That Marginally Miss or Beat Analyst Forecasts"
Accounting Reading Group @UC3M_BUSINESS [NOV 11, 6PM]: Bhojraj et al. (2009 JF) Making sense of cents https://t.co/hRBeZFAMsl All Welcome.
Firms that reduce discretionary expenditures to beat earnings issue more equity and have more insider selling next year http://t.co/PevUUkq1