Fogelman College of Business & Economics, November 2011

In this Issue...

Message from the Dean

FCBE Lands in Top 25 Percent in Key Ranking

$100,000 Donation Launches J. Austin Baker III MILE Endowed Fund

Callahan Earns Spot on Top Journal's Editorial Board

Open House, Ribbon Cutting Mark Launch of Avron B. Fogelman Center

McInish to Present at December NBER Meeting

AIS Student Chapter Selected for National Award

Bhagat Publishes 'Work Stress and Coping in the Era of Globalization'

Steinbauer Selected for 'Best Doctoral Paper'

Fogelman Professors Tapped for Pinnacle Executive Training

Authors Recognized for 'Best Papers of 2010'

Babakus, Pierce, Okunade Named Palmer Professors

Racer Wins Engaged Creative Teaching Award

Park Publishes Piece in Information and Management

Professors Jiang, McInish to Publish Study in Leading Finance Journal

Mortal to Publish Paper in Finance Research Journal

Professor Rezaee Publishes 'Financial Services Firms'

Allen Wins Academy of Management Perspectives Award

Kettinger's Book Recognized in Wall Street Journal


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For information about any of our programs please contact E. Kenneth "Ziggy" Siegfried, Alumni Relations.

Kenneth (Ziggy) Siegfried

E-mail: Alumni Relations
Phone: +1 901.678.3068

Professors Jiang, McInish to Publish Study in Leading Finance Journal

Dr. Christine Jiang

Dr. Thomas McInish

Finance professors Dr. Christine Jiang and Dr. Thomas McInish, along with Dr. Tanakorn Likitapiwat, a recent graduate of the Finance doctoral program and a faculty member at Chulalongkorn University in Thailand, have authored a study, "Information Content of Earnings Announcements: Evidence from After Hours Trading," that is slated to appear in the A+ rated Journal of Financial and Quantitative Analysis (JFQA).

In the United States, investors can trade on exchanges during regular hours (9:30 a.m. to 4 p.m.) or in sessions outside of these hours. Almost all earnings announcements by U.S. firms now occur during the before- and after-hours sessions. In their study, Jiang, McInish and Likitapiwat show that a significant portion of the price change resulting from the announcements occurs immediately after the earnings releases rather than during regular trading. The study provides evidence that firms prefer to make earnings announcements during the before and after sessions because trading in those sessions is dominated by knowledgeable traders whose trades are better able to convey information to the general public.


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