Income smoothing may result in increased perceived riskiness: Evidence from bid-ask spreads around loss announcements

  • Kun Yu
  • , Moshe Hagigi
  • , Scott D. Stewart

Research output: Contribution to journalArticlepeer-review

Original languageEnglish
Pages (from-to)442-459
Number of pages18
JournalJournal of Corporate Finance
Volume48
DOIs
StatePublished - Feb 2018

ASJC Scopus Subject Areas

  • Business and International Management
  • Finance
  • Economics and Econometrics
  • Strategy and Management

Keywords

  • Bid-ask spreads
  • Earnings volatility
  • Income smoothing

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