Comment on 'Earnings management around UK open offers'

S. Armitage; J. Capstaff

doi:10.1080/13518470801890735

Comment on 'Earnings management around UK open offers'

Research output: Contribution to journal › Article › peer-review

Abstract

This note discusses the result of Iqbal, A., S. Espenlaub, and N. Strong. 2008. Earnings management around UK open offers. European Journal of Finance, this issue, regarding long-run abnormal returns following open offers and announcement abnormal returns, compared with differing results in two previous studies based on similar samples. A survivorship bias explains some of the differences in the reported long-run abnormal returns. The difference in the announcement abnormal returns could be due to use of different data sources.

Original language	English
Pages (from-to)	53-60
Number of pages	8
Journal	The European Journal of Finance
Volume	15
Issue number	1
DOIs	https://doi.org/10.1080/13518470801890735
Publication status	Published - 2009

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10.1080/13518470801890735

Iqbal comment final (07)
This is an Accepted Manuscript of an article published in The European Journal of Finance on 09 Jan 2009, available online: http://www.tandfonline.com/10.1080/13518470801890735.
Accepted author manuscript, 99.7 KB

http://www.tandfonline.com/doi/abs/10.1080/13518470801890735#.UvOyxp1FB1M

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abstract = "This note discusses the result of Iqbal, A., S. Espenlaub, and N. Strong. 2008. Earnings management around UK open offers. European Journal of Finance, this issue, regarding long-run abnormal returns following open offers and announcement abnormal returns, compared with differing results in two previous studies based on similar samples. A survivorship bias explains some of the differences in the reported long-run abnormal returns. The difference in the announcement abnormal returns could be due to use of different data sources. ",

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Comment on 'Earnings management around UK open offers'

Abstract

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