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Keywords: price pressure
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Journal Articles
Journal:
The Accounting Review
The Accounting Review (2022) 97 (5): 59–88.
Published: 01 September 2022
... to attract the attention of retail investors and leads to further price changes in the direction of the pre-filing day price change. Institutional investors exploit this price pressure via opportunistic liquidity provision. Overall, our evidence suggests that the Form 8-K filing may have little direct...
