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Information Effects and Stock Market Response to Signs of Firm Deterioration

Published online by Cambridge University Press:  06 April 2009

Edward I. Altman  and
Menachem Brenner
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Extract

A recent issue of the Journal of Financial Economics (June/September 1978) is devoted to reporting anomalous evidence regarding market efficiency. This study may qualify under the same heading. Here we examine the market response to information about firms whose future is assessed as being extremely problematic.

Type
Research Article
Information
Journal of Financial and Quantitative Analysis , Volume 16 , Issue 1 , March 1981 , pp. 35 - 51
Copyright
Copyright © School of Business Administration, University of Washington 1981

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References

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