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CORPORATE EARNINGS ANNOUNCEMENTS AND ECONOMIC ACTIVITY

Research output: Contribution to Journal/Magazine › Journal article › peer-review

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CORPORATE EARNINGS ANNOUNCEMENTS AND ECONOMIC ACTIVITY. / Miescu, Mirela S.; Mumtaz, Haroon.
In: International Economic Review, Vol. 65, No. 4, 30.11.2024, p. 1777-1793.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Miescu, MS & Mumtaz, H 2024, 'CORPORATE EARNINGS ANNOUNCEMENTS AND ECONOMIC ACTIVITY', International Economic Review, vol. 65, no. 4, pp. 1777-1793. https://doi.org/10.1111/iere.12701

APA

Miescu, M. S., & Mumtaz, H. (2024). CORPORATE EARNINGS ANNOUNCEMENTS AND ECONOMIC ACTIVITY. International Economic Review, 65(4), 1777-1793. https://doi.org/10.1111/iere.12701

Vancouver

Miescu MS, Mumtaz H. CORPORATE EARNINGS ANNOUNCEMENTS AND ECONOMIC ACTIVITY. International Economic Review. 2024 Nov 30;65(4):1777-1793. Epub 2024 Mar 18. doi: 10.1111/iere.12701

Author

Miescu, Mirela S. ; Mumtaz, Haroon. / CORPORATE EARNINGS ANNOUNCEMENTS AND ECONOMIC ACTIVITY. In: International Economic Review. 2024 ; Vol. 65, No. 4. pp. 1777-1793.

Bibtex

@article{87c154a9e0d7484aa45f39b927abed5d,
title = "CORPORATE EARNINGS ANNOUNCEMENTS AND ECONOMIC ACTIVITY",
abstract = "Are corporate earnings (CE) announcements important for economic activity? We address this question using a novel identification method that combines the valuable information from CE announcements with the heteroscedasticity of shocks experienced on these particular days. Our results demonstrate that CE announcements have a significant impact on the macroeconomy, exhibiting dynamics similar to traditional financial disruptions. We establish that CE announcements' shocks can be classified as financial shocks, highlighting their critical role in the financial system.",
author = "Miescu, {Mirela S.} and Haroon Mumtaz",
year = "2024",
month = nov,
day = "30",
doi = "10.1111/iere.12701",
language = "English",
volume = "65",
pages = "1777--1793",
journal = "International Economic Review",
issn = "0020-6598",
publisher = "WILEY-BLACKWELL PUBLISHING, INC",
number = "4",

}

RIS

TY - JOUR

T1 - CORPORATE EARNINGS ANNOUNCEMENTS AND ECONOMIC ACTIVITY

AU - Miescu, Mirela S.

AU - Mumtaz, Haroon

PY - 2024/11/30

Y1 - 2024/11/30

N2 - Are corporate earnings (CE) announcements important for economic activity? We address this question using a novel identification method that combines the valuable information from CE announcements with the heteroscedasticity of shocks experienced on these particular days. Our results demonstrate that CE announcements have a significant impact on the macroeconomy, exhibiting dynamics similar to traditional financial disruptions. We establish that CE announcements' shocks can be classified as financial shocks, highlighting their critical role in the financial system.

AB - Are corporate earnings (CE) announcements important for economic activity? We address this question using a novel identification method that combines the valuable information from CE announcements with the heteroscedasticity of shocks experienced on these particular days. Our results demonstrate that CE announcements have a significant impact on the macroeconomy, exhibiting dynamics similar to traditional financial disruptions. We establish that CE announcements' shocks can be classified as financial shocks, highlighting their critical role in the financial system.

U2 - 10.1111/iere.12701

DO - 10.1111/iere.12701

M3 - Journal article

VL - 65

SP - 1777

EP - 1793

JO - International Economic Review

JF - International Economic Review

SN - 0020-6598

IS - 4

ER -