Relevant bibliographies by topics / Announcement effect

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  2. Dissertations / Theses
  3. Books
  4. Book chapters
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  6. Reports

Academic literature on the topic 'Announcement effect'

Author: Grafiati
Published: 4 June 2021
Last updated: 4 May 2024

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Journal articles on the topic "Announcement effect"

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Targanski, Klara Petra Theodora, and Werner R. Murhadi. "Sustainable and responsible investment in Indonesia and Malaysia: an event study on SRI-KEHATI and FTSE4GBM Indices." Jurnal Siasat Bisnis 25, no. 1 (January 1, 2021): 69–78. http://dx.doi.org/10.20885/jsb.vol25.iss1.art6.

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The purpose of this research is to examine the effect of SRI index on abnormal return of added to and deleted stocks of two countries, Indonesia (SRI-KEHATI) and Malaysia (FTSE4GBM). The effect was examined using CAAR of the stock around index announcement. This research was conducted using event study methodology. The samples used in this research are all the stocks that were added to and deleted from SRI-KEHATI index on 2009-2018 announcements and FTSE4GBM index on 2014-2018 announcements. The result of hypothesis test shows that SRI index announcement has negative significant effect to the added stocks to SRI-KEHATI’s CAAR before announcement, after announcement and cumulative periods, to added stocks to FTSE4GBM’s before announcement and cumulative periods, and to deleted stocks from FTSE4GBM’s after announcement and cumulative periods. SRI index announcements has positive significant effect to the deleted stocks from SRI-KEHATI’s CAAR before announcement. Information on SRI index announcements has effects to the decisions made by investors. Indonesian investors reacted negatively toward added stocks but not choosing deleted stock either after announcements. Malaysian investors reacted negatively toward both added and deleted stocks, added stocks are perceived better even if positive CAAR are insignificant after announcements.
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Ding, David K., Hardjo Koerniadi, and Chandrasekhar Krishnamurti. "What Drives the Declining Wealth Effect of Subsequent Share Repurchase Announcements?" Journal of Risk and Financial Management 13, no. 8 (August 7, 2020): 176. http://dx.doi.org/10.3390/jrfm13080176.

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Recent academic studies document that open market share repurchase announcements in the United States generate significantly lower returns than those reported in earlier studies. We find that the lower announcement return is associated with an increasing number of subsequent announcements in the more recent periods. Although the announcement period return from the initial announcement is positive, subsequent announcement returns are significantly decreasing. Further, we find that the decreasing returns of subsequent announcements are attributed to firms with negative past repurchase announcement returns. Our multivariate regression test results are consistent with the notion that the decreasing subsequent repurchase announcement returns are driven by hubris-endowed managers.
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Frederickson, James R., and Leon Zolotoy. "Competing Earnings Announcements: Which Announcement Do Investors Process First?" Accounting Review 91, no. 2 (June 1, 2015): 441–62. http://dx.doi.org/10.2308/accr-51190.

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ABSTRACT Consistent with investors having limited attention, we posit that when faced with competing earnings announcements, investors behave as if they queue the announcements based on a firm or earnings announcement attribute. We focus on two potential queuing attributes: (1) firm visibility, and (2) the expected cost of processing the earnings announcements. We find no support for queuing based on the latter, but find a statistically significant and economically meaningful queuing effect based on firm visibility. Earnings announcements made by firms that are more visible than a given firm—but not by firms that are less visible—mitigate the announcement window market response to that firm's unexpected earnings, with a corresponding magnification in its post-earnings announcement drift. Further, the effects of visibility-based queuing are more pronounced for days with greater clustering of earnings announcements. Additional analysis suggests that individual investors—not institutional investors—drive the queuing effect.
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Yeh, Yin-Hua, Pei-Gi Shu, Fu-Sheng Ho, and Yu-Hui Su. "Board Structure, Intra-Industry Competition, and the R&D Announcement Effect." Review of Pacific Basin Financial Markets and Policies 15, no. 02 (June 2012): 1250011. http://dx.doi.org/10.1142/s0219091512500117.

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The main purpose of this paper is to investigate how investors perceive and respond to a firm's R&D announcement. We propose that board structure and intra-industry competition jointly dictate the announcement return. In addition, we assume that investors prefer carefully scrutinized R&D investments to mitigate asymmetric-information risks. Finally, we assume that investors prefer a sustainable R&D investment to prevent intense intra-industry competition and to ensure profit potential. We use a sample of 229 announcements made by 116 Taiwanese listed firms to verify our postulation. Our postulation is the abnormal returns are positively correlated with board independence while negatively correlated with board size. We construct two variables to capture intra-industry competition: (i) the number of days that have elapsed since a competitor's prior announcement and (ii) the ordinal number of announcements in the same industry. Our results show that the announcement effect is negatively correlated with industry R&D intensity. The negative effect is partially ameliorated when the lapse since a prior competitor's announcement is long. Moreover, the announcement effect is also lower when the announcing firm has a high-level of R&D intensity and has experienced numerous prior R&D announcements in the same industry.
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Cornejo-Saavedra, Edinson Edgardo, Jorge Andrés Muñoz Mendoza, Carlos Leandro Delgado Fuentealba, Sandra María Sepúlveda Yelpo, and Carmen Lissette Veloso Ramos. "Announcements Effect of Corporate Bond Issuance on Stock Returns: Evidence from Chile." Cuadernos de Administración 37, no. 71 (December 1, 2021): e2411242. http://dx.doi.org/10.25100/cdea.v37i71.11242.

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This study measures the announcement effect of corporate bond issuance on stock returns for companies listed on the Santiago de Chile Stock Exchange (BCS). The sample is made up of 29 firms and 87 corporate bond issuance announcements during the 2010-2017 period. The announcement effect of corporate bond issuance on stock return is measured by an event study. This methodology allows to calculate abnormal returns for the days of the event period. The results show that the average abnormal return on the day of the announcement is negative (between -0.09% and -0.03%), but it is not statistically significant. However, the average abnormal return on the day after the announcement is positive (between 0.27% and 0.32%) and has statistical significance. The significant and positive average abnormal return on the day after the announcement suggests a late market reaction. The study shows that there is a significant signaling effect of bond issuance announcements on stock returns.
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Spurlin, W. Paul. "Signaling Strength And The Announced Size Of An Open-Market Repurchase." Journal of Applied Business Research (JABR) 32, no. 5 (September 1, 2016): 1547. http://dx.doi.org/10.19030/jabr.v32i5.9779.

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An open question exists as to whether the announced size of an open-market repurchase (OMR) possesses positive signaling effects. Relying on short sales that occur during the five trading days that follow an OMR announcement as an indication of the signaling effect of the size of the OMR program, I find that post-announcement short sales tend to decrease with positive returns surrounding OMR announcements but that post-announcement short sales do not decrease with the announced size of an OMR program. Therefore, I conclude that while announcements of OMR programs serve as positive signals, in general, the announcement of a larger OMR program does not possess a stronger positive signal.
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Das, Santu, Jamini Kanta Pattanayak, and Pramod Pathak. "Effect of quarterly earnings announcement under different market conditions." Journal of Indian Business Research 6, no. 2 (June 10, 2014): 128–54. http://dx.doi.org/10.1108/jibr-09-2013-0087.

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Purpose – The main purpose of this research study is to investigate the impact of quarterly earnings announcements on stock price movement of the firms constituting the SENSEX under two different market conditions – booming followed by recessionary. Analysis of price effect of quarterly earnings announcements during the five-year period prior to trading suspension, which is also characterized by a booming market condition have been made. Similar analysis during the five-year period following the trading suspension and marked by recessionary market condition has also been carried out side by side. Design/methodology/approach – Event study methodology using daily returns and market model has been used for the purpose of analyzing the quarterly earnings announcement effects on the security prices of the firms. A sign test has also been used along with the event study. Findings – The study reveals that quarterly earnings announcement does not have statistically significant effect on stock returns during the booming as well as the recessionary market conditions. The impact of quarterly earnings announcements on stock price movement of firms constituting the SENSEX has been similar for both periods undertaken in the study. Research limitations/implications – The study has been undertaken using the firms listed in BSE SENSEX. The effect of the quarterly earnings announcement with reference to firms listed in other indices, if covered, may provide different sets of results. Originality/value – The paper identifies the informational value of quarterly earnings announcement of BSE-SENSEX.
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Haron, Razali, and Salami Mansurat Ayojimi. "The effect of GST announcement on stock market volatility: evidence from intraday data." Journal of Advances in Management Research 16, no. 3 (July 15, 2019): 313–28. http://dx.doi.org/10.1108/jamr-11-2017-0102.

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Purpose The purpose of this paper is to examine the effect of GST announcements (pre and post) on Malaysian stock market index. This study also utilised intraday data to look into intraday market volatility post-GST announcement. Design/methodology/approach Both daily closing prices and intraday data of different frequencies are used to capture the extent of stock market volatility as well as the subsided period of the volatility. The period of study ranges from June 2009 to November 2016 and empirical estimation is based on the GARCH (1, 1) model for the pre- and post-GST announcements. Findings Persistent market volatility in the post-GST announcement is empirically recorded and the volatility is higher in the post-GST announcement than the pre-GST announcement. This demonstrates the unwillingness and reaction of the market towards the tax policy implementation. Market expectation on GST implementation towards the increase in the cost of living following the increase in the prices of goods and services in Malaysia is empirically supported in the post-GST announcement. Practical implications The finding on this study is consistent with the expectation of the market that GST implementation will increase the price of the goods and services and hence increase the cost of living. This is supported by a noticeable increase in the stock market volatility in the post-GST announcement. Although GST announcement could be classified as a scheduled announcement, unwillingness to accept the policy prevails as shown by the increase in the stock market volatility. Originality/value The effects of Asian and global financial crisis are the major focus of past studies on stock market volatility, whereas this study examines and highlights the effect of the GST announcement on stock market volatility and the use of intraday data to further examine the nature of the volatility.
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Punwasi, Kiran, and Pradeep Brijlal. "The market reactions to share repurchase announcements on the JSE: an event study." Investment Management and Financial Innovations 13, no. 1 (April 8, 2016): 191–205. http://dx.doi.org/10.21511/imfi.13(1-1).2016.06.

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This study examines the market reactions to share repurchase announcements made by companies listed on the Johannesburg Stock Exchange from the years 2003 to 2012. The authors use an event study methodology and the Capital Asset Pricing Model to determine if there was an announcement effect when a share repurchase announcement is made. The analyses reveal that consistent with signalling theory and the announcement effect, share repurchase announcements are associated with positive abnormal returns. The average abnormal return and cumulative average abnormal return noted was 0.46% and 3.81%, respectively, for the event period (t-20, t+20). There was an observable trend of declining share prices before the share repurchase announcement. The authors also found no significant evidence that repurchasing firms have market timing ability when executing a share repurchase announcement. From a value investor’s perspective, a share repurchase program conveys a very strong signal of a healthy company
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Kalyani, Dr P., Dr T. Suchitra Rani, and Mr Bhavesh Agarwal. "THE EFFECT OF DIVIDEND ANNOUNCEMENT ON STOCK RETURN – A STUDY ON SELECT DAIRY COMPANIES LISTED ON BSE." BSSS Journal of Management 13, no. 1 (June 30, 2022): 1–8. http://dx.doi.org/10.51767/jm1301.

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Empirical evidences on dividend policies support diversified thoughts on the impact of dividend pay-out on the share price of a company. Along with the dividend pay-outs, the reaction of markets to the announcement of dividend is an important factor driving the stock returns of a company. Previous research shows mixed results signalling the effect of dividend announcements on stock returns. The current study aims to examine the effect of dividend announcements on stock returns with reference to Indian Dairy companies. A sample of 30 final dividend announcements made by seven popular dairy food companies listed on BSE during a period of six years i.e, 2016-2021 are considered for the study. A paired sample t test was used to test whether there is significant difference in stock returns between the before and after dividend announcement periods. The results of the study have shown that that there was an increase in the average stock returns of all the seven selected companies in the post dividend announcement period. Further, it was also found that there was a significant impact of dividend announcement on the stock returns of the selected companies.
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Dissertations / Theses on the topic "Announcement effect"

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Lebre, Frederico Salazar. "The Fed policy announcement effect on the equity market." Master's thesis, NSBE - UNL, 2009. http://hdl.handle.net/10362/9505.

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A Work Project, presented as part of the requirements for the Award of a Masters Degree in Finance from the NOVA – School of Business and Economics
Fed Policy announcements have always created controversy when analyzing its effects on asset prices. This project analyzes the relationship between the Fed announcements and the stock market’s return. We use an econometric methodology suggested by Kenneth Kuttner (2000) that uses the futures market to divide the announcement in two parts the expected and unexpected component. The relationship between the equity market reaction and the Fed policy announcements has shown to be statistically significant. A considerably negative reaction of the equity market has been observed in response to an unexpected announcement by the Federal Reserve while the expected part of the announcement revealed to have no effect on the equity market. This relation was also tested for the existence of asymmetries and cross industry effect.
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Nyanga, Sibonginkosi. "Share repurchases announcement and the signaling effect in South Africa." Diss., University of Pretoria, 2017. http://hdl.handle.net/2263/64904.

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This research sought to test whether the observed evidence and documented academic thinking on share repurchases around the signaling hypothesis could be applied in a country like South Africa among the firms listed on the Johannesburg Stock Exchange (JSE). The study also sought to ascertain whether there is a statistically meaningful outperformance of a portfolio composed of shares mimicking firms that announced share repurchases against the Equal Weighted All-Share Index (J203) over the research period. 209 share buyback announcement conducted by 82 JSE listed companies from January 2003 to December 2016 were analysed for the study. The study concluded that the South African repurchase activity largely reflects the global observed evidence and the modern academic thinking around buybacks. The regulatory climate was found to be having components which contributed to South Africa not fully reflecting the observed evidence and the modern academic thinking around buybacks. The study found that the share repurchases announcement portfolio relative to the Equal Weighted All-Share Index (J203) benchmark shows a 2.7% outperformance. The results reveal that share buyback announcements convey important information to investors
Mini Dissertation (MBA)--University of Pretoria, 2017.
km2018
Gordon Institute of Business Science (GIBS)
MBA
Unrestricted
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Tan, Juan Edward Banking &amp Finance Australian School of Business UNSW. "The announcement effect of private placements of hybrid securities in Australia." Awarded by:University of New South Wales. Banking and Finance, 2004. http://handle.unsw.edu.au/1959.4/20549.

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This thesis investigates the share price response to the announcement of private placements of hybrid securities in Australia. Firstly, the size and direction of the share price response is examined. Secondly, the determinants of the share price response are examined. Where possible, comparisons are made to evidence from international markets. The sample of data tested consists of 43 announcements of convertible debt issues, 39 announcements of preference share issues and 19 announcements of option issues made between 1983 and 2000 by Australian firms. The analysis of the share price impact in response to the announcements is conducted using Maynes and Rumsey (1993) event study methodology that adjusts for thin trading. The determinants of the share price response are examined using model specifications that are derived from the theoretical literature. The analysis of the announcement effect of private placements of hybrid securities finds significant negative abnormal returns for convertible debt issues, insignificant negative abnormal returns for preference share issues and significant positive abnormal returns for option issues. In comparison to international studies, the convertible debt results are similar to public and rights issues, the insignificant preference share results are similar to other findings and the option results are similar to private placements of equity and rights issues of options. The results of the investigation of the determinants of the announcement effect of private placements of hybrid securities finds that convertible debt issues are best explained by information asymmetry - firm and issue characteristics, the information asymmetry - external monitors hypothesis, the information asymmetry - dynamic hypothesis and the agency cost hypothesis. The impact of preference share issues is best explained by information asymmetry - firm and issue characteristics, the information asymmetry - external monitors hypothesis, the agency cost hypothesis and the price pressure hypothesis. The announcement effect of option issues is best explained by information asymmetry - firm and issue characteristics, the information asymmetry -dynamic hypothesis and the optimal capital structure hypothesis.
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Lee, Kuo-An, and 李國安. "The Announcement Effect of ECFA." Thesis, 2011. http://ndltd.ncl.edu.tw/handle/38326901892281648949.

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碩士
國立交通大學
管理科學系所
99
Free trade agreements have developed around the world. ECFA is one of free trade agreements . Because of the special relations between Taiwan and China, this study use event study and four event days which is the actual date of the ECFA meeting includes the signing date . In this study, using total 17 industries and 86 companies which include chemical, plastics, machinery, textiles, petroleum, steel, automobile and other industries as samples. Those 17 companies are benefit in ECFA. This study is discussing how does Taiwan stock market and investors react in this free trade agreement. The results shows that four in consultation ECFA date, the first consultation day in ECFA has negative abnormal returns, this study suggests that the result may be that Taiwan stock market and investors are worrying about the political relations between Taiwan and China which may has risks and the Taiwan stock market has impact made by the international stock market . The other three all have significant positive abnormal returns . It means that Taiwan stock market and investors consider ECFA as a great economic issue for developing the economic in the future for Taiwan.
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Lee, Chung-Tai, and 李忠泰. "The Announcement Effect of Stock-Repurchase." Thesis, 2001. http://ndltd.ncl.edu.tw/handle/96414285983244437620.

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碩士
朝陽科技大學
財務金融系碩士班
89
Abstract This paper uses the methodology of event-study to study the announcement effects of stock repurchases and to investigate the relationship between abnormal return and factors including the board holding, the change of insiders’ holding, the earnings to price ratio, the sector, and the firm’s individual risk. The purposes of this research are to examine： （1） if there is abnormal return after the announcement of stock-repurchase, （2） which factors would affect the magnitude of abnormal return after the announcement, and （3） the differences of results between each event-study models. Firms, which announced their stock-repurchase intentions between the period of 08-07-2000 and 12-31-2000, are included in research sample. All of the market model, the market model combined with GARCH(1,1), three-factor model, and the three-factor model combined with GARCH(1,1) are used to evaluate normal returns. The major results are follows: （1） The stock-repurchase announcements could cease the decline of share prices. （2） The announcement effect is positively related to the variable of the ratio of stock repurchases, negatively related to the variable of firm’s risk, and correlated to the variable of sector significantly. （3） Three-factor model combined with GARCH(1,1) performs better than other models at Taiwan stock market.
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Sung, Min-Che, and 宋明哲. "The Announcement Effect of Alerted Stock." Thesis, 2001. http://ndltd.ncl.edu.tw/handle/59482450564052331002.

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碩士
朝陽科技大學
財務金融系碩士班
89
Recent studies have indicated that the alerted securities had announcement effects. The investors who take the alerted announcement of the abnormal trading as investment strategy, earn significantly abnormal return in a short period. This paper examines weather the alerted announcement of the abnormal trading has announcement effect, and tries to identify the determinates of the abnormal return using event study methodology and multiple regression, this paper exams the alerted securities of Taiwan during January 1996 to 2001 and test weather the abnormal return may be effected by stock capital, market value, earnings per share (EPS), ME/BE, land and house revaluation increments, industry categories and the day-of-the-week. The empirical results are： 1、For whole sample, the period betwwn five days before and the day of the announcement exhibit significantly and positive abnormal return. 2、After announcement,whole sample of the alerted securities have been reevaluated by the market and reflect the content of the information instantly. This causes abnormal return reforms and stock prices adjust back to the rational condition. 3、Except for the variable of land revaluation increments, all factors show significant explanation power.
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"Announcement effect of MBO in China." 2008. http://library.cuhk.edu.hk/record=b5896781.

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Huang, Fang.
Thesis (M.Phil.)--Chinese University of Hong Kong, 2008.
Includes bibliographical references (leaves 35-39).
Abstracts in English and Chinese.
Chapter 1. --- Introduction --- p.7
Chapter 2. --- Review of literatures and regulations --- p.12
Chapter 2.1. --- MBO in the US --- p.12
Chapter 2.2. --- MBO in China --- p.14
Chapter 3. --- Data selection and sources --- p.16
Chapter 4. --- Announcement effect of MBO --- p.17
Chapter 4.1. --- Research method --- p.18
Chapter 4.2. --- Group division of MBO companies --- p.18
Chapter 4.2.1. --- Division rules --- p.18
Chapter 4.2.2. --- Apparent MBO: significant negative --- p.19
Chapter 4.2.3. --- Founder buyouts: significant positive --- p.20
Chapter 4.2.4. --- Other groups: insignificant positive but not representative for MBO effect --- p.20
Chapter 4.3. --- Factor analysis --- p.21
Chapter 4.3.1. --- Year: before 2003/ after 2003 (include 2003) --- p.21
Chapter 4.3.2. --- Underlying asset: parent company / the listing company itself --- p.22
Chapter 4.3.3. --- ESOP participation: Yes/No --- p.23
Chapter 4.3.4. --- Competitive purchaser: Yes/No --- p.23
Chapter 4.3.5. --- Results: Success / Failure --- p.24
Chapter 4.4. --- Summary of announcement effect --- p.25
Chapter 5. --- Evidence on profitability and pricing --- p.25
Chapter 5.1. --- Data and methodology --- p.26
Chapter 5.2. --- Profitability of MBO companies --- p.28
Chapter 5.3. --- DuPont analysis of companies with successful MBO --- p.29
Chapter 5.4. --- Dividend payment --- p.31
Chapter 5.5. --- Shareholder´ةs returns --- p.32
Chapter 5.6. --- MBO pricing and pre-MBO behavior of NAV --- p.33
Chapter 6. --- Conclusion --- p.33
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Tsai, Wen-Siou, and 蔡汶修. "Media Attention and SEO Announcement Effect." Thesis, 2014. http://ndltd.ncl.edu.tw/handle/36682311104037929825.

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碩士
國立高雄第一科技大學
財務管理研究所
102
This paper tests information signaling hypothesis by studying the impact of the pre-announcement media attention on share-price reaction during seasoned equity offerings (SEOs) announcements. In a sample of Taiwan firms that under take SEOs announcements from 1996 through 2011, we find that the average pre-announcement abnormal return for firms with pre-announcement media attention (positive) is significantly higher. Consistent with the information signaling hypothesis, our evidence suggests that market investors tend to view media attention as a channel to signal firms’ intrinsic value.
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Chu, Chien-Lin, and 朱建霖. "The Announcement Effect of Securities Trust." Thesis, 2015. http://ndltd.ncl.edu.tw/handle/90182202574496023791.

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碩士
長榮大學
經營管理研究所
103
Through an event-study analysis, this paper investigates the market reactions to CEOs and presidents of listed and over-the-counter firms issuing initial securities trust in Taiwan for the first time. The objective is to determine whether this strategy is adopted to transmit positive firm information, reduce taxes, or enable the transfer of assets. Empirical results reveal that issuing a securities trust reduces taxes and enables CEOs and presidents to convey positive information about the long-term performance of their firm. However, the short-term performance of stock prices does not indicate remarkable cumulative abnormal returns. Firms issuing securities trust exhibit substantially higher long-term performance compared with nonissuing firms. In addition, the more frequent an announcement is issued, the stronger is the effect of the announcement.
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Chang, Ai-Ling, and 張愛玲. "The Weekend Effect of Earnings Announcement." Thesis, 2010. http://ndltd.ncl.edu.tw/handle/59554216888682946730.

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碩士
銘傳大學
財務金融學系碩士班
98
The firm may manipulate investors’ weaken attention before weekend or holiday on earnings announcement date. That is, the firm with poor earnings tends to announce this bad news on Friday and mitigate the price falling. Based on the view, this study investigates the relationship between earnings announcement date and stocks markets reaction during the period from 2001 to 2009. The empirical results show the investors regard Friday announcement as negative signal since the abnormal returns are significantly less than non-Friday announcement.
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Books on the topic "Announcement effect"

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Toussaint, Roland. Further evidence on the announcement effect of equity issues in Germany. Dublin: University College Dublin, 1995.

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Wood, Douglas. Effect of regulatory announcements on returns. Manchester: Manchester Business School, 1996.

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Fleming, Michael J. The term structure of announcement effects. [New York, N.Y.]: Federal Reserve Bank of New York, 1999.

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Fleming, Michael J. The term structure of announcement effects. Basel, Switzerland: Bank for International Settlements, Monetary and Economic Dept., 1999.

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Wood, Douglas. Effects of regulatory announcements on returns. Manchester: Manchester BusinessSchool, 1996.

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Angelini, P. Liquidity and announcement effects in the euro area. Roma: Banca d'Italia, 2002.

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Payne, Richard. Announcement effects and seasonality in the intra-day foreign exchange market. London: LondonSchool of Economics, Financial Markets Group, 1996.

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Chan, Keith K. W. Australian dividend reinvestment plans: The announcement effects of differing discount rates. [Melbourne]: Monash University, School of Banking & Finance, 1992.

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Hashimoto, Yuko. Effects of Japanese macroeconomic announcements on the dollar/yen exchange rate. Cambridge, MA: National Bureau of Economic Research, 2009.

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Hashimoto, Yuko. Effects of Japanese macroeconomic announcements on the dollar/yen exchange rate. Cambridge, MA: National Bureau of Economic Research, 2009.

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Book chapters on the topic "Announcement effect"

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Song, Pengcheng. "Announcement Effect." In Private Placement of Public Equity in China, 53–63. Berlin, Heidelberg: Springer Berlin Heidelberg, 2014. http://dx.doi.org/10.1007/978-3-642-55093-5_5.

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Függer, Matthias, Alexander Kößler, Thomas Nowak, and Martin Zeiner. "Brief Announcement: The Degrading Effect of Forgetting on a Synchronizer." In Lecture Notes in Computer Science, 90–91. Berlin, Heidelberg: Springer Berlin Heidelberg, 2012. http://dx.doi.org/10.1007/978-3-642-33536-5_9.

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Beyhaghi, Hedyeh, Nishanth Dikkala, and Éva Tardos. "Brief Announcement: Effect of Strategic Grading and Early Offers in Matching Markets." In Algorithmic Game Theory, 300–302. Berlin, Heidelberg: Springer Berlin Heidelberg, 2015. http://dx.doi.org/10.1007/978-3-662-48433-3_24.

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Visser, Martine, and Alex Child. "The announcement effect: Early warnings of future thresholds under different framing and risk contexts." In Behavioural Economics and the Environment, 224–45. London: Routledge, 2022. http://dx.doi.org/10.4324/9781003172741-13.

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Mestel, Roland, Henryk Gurgul, and Christoph Schleicher. "Capital Market Efficiency — An Empirical Analysis of the Dividend Announcement Effect for the Austrian Stock Market." In Operations Research Proceedings 2002, 315–20. Berlin, Heidelberg: Springer Berlin Heidelberg, 2003. http://dx.doi.org/10.1007/978-3-642-55537-4_51.

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Azuma, Takahiro, Katsuhiko Okada, and Yukinobu Hamuro. "Is No News Good News? The Streaming News Effect on Investor Behavior Surrounding Analyst Stock Revision Announcement." In Behavioral Interactions, Markets, and Economic Dynamics, 567–93. Tokyo: Springer Japan, 2016. http://dx.doi.org/10.1007/978-4-431-55501-8_20.

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Lakshmi, Devarakonda, Lakshmi Rawat, and Pankaj Sahu. "Effect of first lockdown announcement on the Indian stock market: An investigation of select 40 companies across nine sectors." In Building Resilient Organizations, 74–88. London: Routledge, 2022. http://dx.doi.org/10.4324/9781003313663-5.

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Schaefers, Tobias, Joe Cobbs, and Mark D. Groza. "Construal Level Effects in Sponsorship Announcements." In Looking Forward, Looking Back: Drawing on the Past to Shape the Future of Marketing, 735. Cham: Springer International Publishing, 2015. http://dx.doi.org/10.1007/978-3-319-24184-5_178.

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Perumpral, Shalinl, Howard W. Combs, and Khalil Torabzadeh. "The Effect of Celebrity Endorsement Announcements oh Stock Prices." In Proceedings of the 1989 Academy of Marketing Science (AMS) Annual Conference, 310–14. Cham: Springer International Publishing, 2015. http://dx.doi.org/10.1007/978-3-319-17055-8_64.

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Liao, Mei-Hua, Xiang-Ling Zhan, and Hidekazu Sone. "The Effects of CSR Announcement on Long-Life Business." In Innovative Mobile and Internet Services in Ubiquitous Computing, 730–34. Cham: Springer International Publishing, 2017. http://dx.doi.org/10.1007/978-3-319-61542-4_73.

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Conference papers on the topic "Announcement effect"

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Lin, J. Barry. "THE CURIOUS ANNOUNCEMENT EFFECT OF COMBINED SEOS." In 6th Business & Management Conference, Geneva. International Institute of Social and Economic Sciences, 2017. http://dx.doi.org/10.20472/bmc.2017.006.008.

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Xu, Tian. "Limited Attention, Competitive Information and Earnings Announcement Effect." In 2021 6th International Conference on Social Sciences and Economic Development (ICSSED 2021). Paris, France: Atlantis Press, 2021. http://dx.doi.org/10.2991/assehr.k.210407.033.

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Zhao, Yuling. "Multiscale Event Study of Private Placement Announcement Effect." In 2nd International Conference on Computer and Information Applications (ICCIA 2012). Paris, France: Atlantis Press, 2012. http://dx.doi.org/10.2991/iccia.2012.252.

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Pinayani, Ani. "Bonus Share Issues and Announcement Effect in Indonesia Stock Exchange." In 2nd International Conference on Economic Education and Entrepreneurship. SCITEPRESS - Science and Technology Publications, 2017. http://dx.doi.org/10.5220/0006881401050109.

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Kaźmierska-Jóźwiak, Bogna, and Elzbieta Wrońska-Bukalska. "EFFECT OF REPURCHASE ANNOUNCEMENT ON THE POLISH ALTERNATIVE STOCK MARKET." In 8th Economics & Finance Conference, London. International Institute of Social and Economic Sciences, 2017. http://dx.doi.org/10.20472/efc.2017.008.004.

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Zuguang, Hu, and Minhaz Uddin Ahmed. "Dividend Announcement Effect on Stock Return: An Event Study on Shanghai Stock Exchange." In 2010 Second Global Congress on Intelligent Systems (GCIS). IEEE, 2010. http://dx.doi.org/10.1109/gcis.2010.26.

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Xuefeng, He, Jiu Lili, and Han Shuangjiang. "Wealth effect of announcement of incentive policy of energy: evidence from China market." In 2013 International Conference of Information Science and Management Engineering. Southampton, UK: WIT Press, 2013. http://dx.doi.org/10.2495/isme133643.

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Zhao, Yuling. "A new approach for event study of private placement announcement effect: Evidence from China." In International Conference on Education, Management and Computing Technology (ICEMCT-15). Paris, France: Atlantis Press, 2015. http://dx.doi.org/10.2991/icemct-15.2015.9.

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Peng, Li, and You-liang Li. "The Study of Announcement Effect of Block Transfers: Evidence from China after Equity Splitting Reform." In 2010 International Conference on Intelligent Computation Technology and Automation (ICICTA). IEEE, 2010. http://dx.doi.org/10.1109/icicta.2010.81.

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Lobo, Bruno, Elisabete Vieira, and Jonas Oliveira. "The Effect of the Announcement of Mergers and Acquisitions on Abnormal Returns : A Bibliometric Analysis." In 2023 18th Iberian Conference on Information Systems and Technologies (CISTI). IEEE, 2023. http://dx.doi.org/10.23919/cisti58278.2023.10211668.

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Reports on the topic "Announcement effect"

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Thornton, Daniel L. The Information Content of Discount Rate Announcements: What Is Behind the Announcement Effect. Federal Reserve Bank of St. Louis, 1992. http://dx.doi.org/10.20955/wp.1992.003.

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Thornton, Daniel L. The Information Content of Discount Rate Announcements: What Is Behind the Announcement Effect. Federal Reserve Bank of St. Louis, 1994. http://dx.doi.org/10.20955/wp.1994.032.

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Rincón-Torres, Andrey Duván, Luisa María de la Hortúa-Pulido, Kimberly Rojas-Silva, and Juan Manuel Julio-Román. The Low Frequency Effect of Macroeconomic News on Colombian Government Bond Yields. Banco de la República, December 2023. http://dx.doi.org/10.32468/be.1263.

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We study the effect of macroeconomic announcements surprises on Colombian treasury bond spot rates in the medium term. For this, we employ a two-step regression approach proposed by Altavilla, Giannone and Modugno (2017), which takes into account the high frequency response to these surprises while filtering out the noise in the estimation of its medium to long term effect. We found that the share of variation of one day Colombian treasury bond spot rates changes explained by these surprises lies below 10%. Moreover, Colombian macroeconomic announcement surprises other than the nominal exchange rate depreciation do not seem to significantly affect spot rate changes, although important ones have big (but not significant) effect. Furthermore, the explanatory power of macroeconomic news surprises increases substantially at longer horizons, i.e. monthly and quarterly changes, reaching 34% for the latter. These results arise from the fact that spot rate changes show a delayed effect to shocks. This is mostly due to the features of the shocks contained in the error and the persistence of macroeconomic news surprises effect’s. Our results are robust to the appetite for risk of international investors measure employed in the model.
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Lutz, Carsten. Complexity and Succinctness of Public Announcement Logic. Technische Universität Dresden, 2005. http://dx.doi.org/10.25368/2022.152.

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There is a recent trend of extending epistemic logic (EL) with dynamic operators that allow to express the evolution of knowledge and belief induced by knowledge-changing actions. The most basic such extension is public announcement logic (PAL), which is obtained from EL by adding an operator for truthful publix announcements. In this paper, we consider the computational complexity of PAL and show that it coincides with that of EL. This holds in the single- and multi-agent case, and also in the presence of common knowledge operators. We also prove that there are properties that can be expressed exponentially more succint in PAL than in EL. This shows that, despite the known fact that PAL and EL have the same expressive power, ther eis a benefit in adding the public announcement operator to EL: it exponentially increases the succinctness of formulas without having negative effects on computational complexity.
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Melosi, Leonardo, Hiroshi Morita, and Francesco Zanetti. The Signaling Effects of Fiscal Announcements. Federal Reserve Bank of Chicago, 2022. http://dx.doi.org/10.21033/wp-2022-38.

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Pinzón-Puerto, Freddy, and Mauricio Villamizar-Villegas. Do Actions Speak Louder than Words? A Foreign Exchange Intervention Analysis. Banco de la República Colombia, January 2023. http://dx.doi.org/10.32468/be.1223.

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We revisit an old question but with a new identification strategy, namely the difference in exchange rate effects between announced (“vocal”) and secret (“dirty”) foreign exchange intervention. Using a Regression Discontinuity Design, we exploit a rule-based intervention mechanism enacted by the Central Bank of Colombia that, under observable and deterministic conditions, triggered either the issuance of FX options or the ability to exercise them. We take the former (issuance) as central bank announcements under a sharp setting, since the rule and information that triggered the issuance of options was public, and we take the latter (exercise) as secret trades under a fuzzy setting, since traders could have chosen (but were not required) to exercise their options in the following days after issuance. Our results indicate that, unconditionally, both announcements and secret trades carry similar effects. However, the effects of announcements are considerably amplified conditional on: (i) higher central bank credibility, (ii) less frequent announcements, and (iii) episodes of higher FX volatility.
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Andersen, Torben, Tim Bollerslev, Francis Diebold, and Clara Vega. Micro Effects of Macro Announcements: Real-Time Price Discovery in Foreign Exchange. Cambridge, MA: National Bureau of Economic Research, May 2002. http://dx.doi.org/10.3386/w8959.

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Hashimoto, Yuko, and Takatoshi Ito. Effects of Japanese Macroeconomic Announcements on the Dollar/Yen Exchange Rate: High-Resolution Picture. Cambridge, MA: National Bureau of Economic Research, May 2009. http://dx.doi.org/10.3386/w15020.

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Morris, Todd, and Benoit Dostie. Graying and staying on the job: The welfare implications of employment protection for older workers. CIRANO, September 2023. http://dx.doi.org/10.54932/oluk5436.

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We study the welfare implications of employment protection for older workers, exploiting recent bans on mandatory retirement across Canadian provinces. Using linked employeremployee tax data, we show that the bans cause large and similar reductions in job separation rates and retirement hazards at age 65, with further reductions at higher ages. The effects vary substantially across industries and firms, and around two-fifths of the adjustments occur between ban announcement and implementation dates. We find no evidence that the demand for older workers falls, but the welfare effects are mediated by spillovers on savings behavior, workplace injuries, and spousal retirement timing.
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Aguilar-Argaez, Ana, Carlo Alcaraz Pribaz, Victoria Nuguer, and Jessica Roldán-Peña. Research Insights: How Do Monetary Policy Announcements Affect Expectations on Inflation and on the Monetary Policy Rate? Inter-American Development Bank, March 2023. http://dx.doi.org/10.18235/0004692.

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Monetary policy announcements by the Central Bank of Mexico influence professional forecasters expectations on inflation and the monetary policy rate. Our fixed-effects models suggest that Mexicos long-run inflation expectations are anchored. Mexicos central bank communication strategy has been an effective tool to manage inflation expectations in the short run and to anchor inflation expectations in the long run.
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