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Title:Four Essays on Managerial Incentives
Author(s):Mashayekhi, Farzad
Doctoral Committee Chair(s):Kevin F. Hallock
Department / Program:Economics
Discipline:Economics
Degree Granting Institution:University of Illinois at Urbana-Champaign
Degree:Ph.D.
Genre:Dissertation
Subject(s):Economics, Finance
Abstract:In chapter 4, we consider the unexpected share price reaction to corporate news announcements. We first consider whether there is more information content in similar corporate news announcements for different types of firms. Second, we investigate whether the value of news information about these firms has declined over time using a variety of empirical methods. We use 31 years of data on corporate dividend announcements, stock split announcements, and earnings announcements for a large set of U.S. firms to investigate these topics. The investigation of the entire distributions of returns using kernel density estimators rejects the "news is no longer newsworthy" idea.
Issue Date:2003
Type:Text
Language:English
Description:167 p.
Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 2003.
URI:http://hdl.handle.net/2142/85538
Other Identifier(s):(MiAaPQ)AAI3101917
Date Available in IDEALS:2015-09-25
Date Deposited:2003


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