Comment on 'earnings management around UK open offers'
Capstaff, J. and Armitage, S. (2009) Comment on 'earnings management around UK open offers'. European Journal of Finance, 15 (1). pp. 53-60. ISSN 1351-847X (http://dx.doi.org/10.1080/13518470801890735)
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This note discusses the result of Iqbal, A., S. Espenlaub, and N. Strong. 2008. Earnings management around UK open offers. European Journal of Finance, this issue, regarding long-run abnormal returns following open offers and announcement abnormal returns, compared with differing results in two previous studies based on similar samples. A survivorship bias explains some of the differences in the reported long-run abnormal returns. The difference in the announcement abnormal returns could be due to use of different data sources.
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Item type: Article ID code: 15108 Dates: DateEventJanuary 2009PublishedSubjects: Social Sciences > Finance Department: Strathclyde Business School > Accounting and Finance Depositing user: Miss Donna McDougall Date deposited: 03 Feb 2010 16:30 Last modified: 11 Nov 2024 09:10 URI: https://strathprints.strath.ac.uk/id/eprint/15108