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SSRNDerivatives & Volatility

Management Guidance

The research investigates the impact of management earnings guidance on market responses to earnings announcements in China, revealing that guidance increases trading volume but also raises bid-ask spreads and return volatility, especially for smaller, less visible firms.

Featured in No. 60 on 7 Aug 2024 · 2 days after release

Released
5 Aug 2024
First featured
No. 60 · 7 Aug 2024
Published in
Not yet, as far as Semantic Scholar knows
Shares when featured
4
Identifier
SSRN 4916490

Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).

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