The dynamics of informed trading around corporate bankruptcies
We investigate the dynamics of informed trading both before and after corporate bankruptcy announcements using high frequency data. Our findings reveal that pre-announcement informed selling attenuates subsequent announcement returns, with this effect being weaker for firms receiving extensive pre-a...
| Main Authors: | , , , |
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| Format: | Journal Article |
| Published: |
Elsevier
2024
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| Online Access: | http://hdl.handle.net/20.500.11937/94811 |