Implications of limited investor attention to customer-supplier information transfers

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dc.creator Zhu, Hui
dc.date.accessioned 2014-02-26T19:29:36Z
dc.date.available 2014-02-26T19:29:36Z
dc.date.issued 2013
dc.identifier http://library2.smu.ca/bitstream/handle/01/25409/asb_proceedings_2013.pdf#page=184
dc.identifier.uri http://library2.smu.ca/xmlui/handle/01/25713
dc.description.abstract This study focuses on the market reaction to information transfers from economically linked customers. I examine whether investors have limited attention with respect to the information contained in customer earnings announcements for suppliers. Using 1,083 unique customer-supplier relationships for the period 1983–2011, I find that the cumulative abnormal returns of a supplier surrounding and following linked customers’ earnings announcements are positively related to earnings information of the customers. The results provide evidence that customer earnings announcements convey information for suppliers, suggesting that limited investor attention to customer-supplier information transfers from earnings announcements generates predictable returns across linked firms. en_CA
dc.language.iso en en_CA
dc.publisher Atlantic Schools of Business en_CA
dc.subject.lcsh Rate of return
dc.subject.lcsh Financial statements
dc.subject.lcsh Individual investors
dc.subject.lcsh Industrial procurement
dc.title Implications of limited investor attention to customer-supplier information transfers en_CA
dc.type Text en_CA
dcterms.bibliographicCitation Proceedings of the 43rd Atlantic Schools of Business conference, St. Francis Xavier University, 2013, pp 184-201


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