Ryan P.; Taffler R. (2002)What Firm-specific News Releases Drive Economically Significant Stock
Returns and Trading Volumes?, Working Paper, Cranfield University.
Stickel S. (1989) ‘‘The timing of and incentives for annual earnings forecasts near interim earnings
announcements,’’Journal of Accounting and Economics, 11 (2/3), 275–292.
Strudwick A. (2009)Stop the Losses, Take the Profits, Macquarie Quantitative Research.
Tetlock P.C. (2007) ‘‘Giving content to investor sentiment: The role of media in the stock market,’’
Journal of Finance, 62 , 1139–1168.
Tetlock P.C.; Saar-Tsechansky M.; Macskassy, S. (2008) ‘‘More than words: Quantifying
language to measure firms’ fundamentals,’’Journal of Finance, 63 , 1437–1467.
van Dijk R.; Huibers F. (2002) ‘‘European price momentum and analyst behavior,’’Financial
Analysts Journal, 58 (2), 96–105.
Xu P. (2008) ‘‘Why have estimate revision measures not worked in recent years?’’Journal of
Portfolio Management, 34 (3).
Zhang F. (2006a) ‘‘Information uncertainty and analyst forecast behavior,’’Contemporary
Accounting Research, 23 (2), 565–590.
Zhang Y. (2004)Analysts’ Responsiveness and Market Underreaction to Earnings Announcements,
Working Paper, Columbia University.
230 News and abnormal returns