Comment on 'Earnings management around UK open offers'

S. Armitage, J. Capstaff

Research output: Contribution to journalArticlepeer-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 languageEnglish
Pages (from-to)53-60
Number of pages8
JournalThe European Journal of Finance
Volume15
Issue number1
DOIs
Publication statusPublished - 2009

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