.... 27 05 2022 17 04 2023 12 05 2023 2023 earnings mergers and acquisitions investor inattention investor inefficiency Beginning with Ball and Brown (1968) , a vast accounting literature examines the information content of firms’ accounting earnings. Of particular...

... that insiders appear to benefit from trading prior to revenue recognition comment letters. We investigate whether the delayed price reaction to comment letter releases is due to investor inattention. Consistent with this explanation, we document that comment letters are downloaded infrequently from EDGAR...