{"id":"https://openalex.org/W2170235521","doi":"https://doi.org/10.1016/s1058-3300(02)00085-x","title":"Stock price reactions to earnings announcements: evidence from Chinese markets","display_name":"Stock price reactions to earnings announcements: evidence from Chinese markets","publication_year":2002,"publication_date":"2002-11-27","ids":{"openalex":"https://openalex.org/W2170235521","doi":"https://doi.org/10.1016/s1058-3300(02)00085-x","mag":"2170235521"},"language":"en","primary_location":{"id":"doi:10.1016/s1058-3300(02)00085-x","doi":"https://doi.org/10.1016/s1058-3300(02)00085-x","is_oa":false,"landing_page_url":"https://doi.org/10.1016/s1058-3300(02)00085-x","pdf_url":null,"source":{"id":"https://openalex.org/S105710273","display_name":"Review of Financial Economics","issn_l":"1058-3300","issn":["1058-3300","1873-5924"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-70","russia-white-list-3"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Review of Financial Economics","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5055405664","display_name":"Dongwe\u00ed Su","orcid":"https://orcid.org/0000-0002-6306-1850","observed_orcids":["https://orcid.org/0000-0002-6306-1850"]},"institutions":[{"id":"https://openalex.org/I159948400","display_name":"Jinan University","ror":"https://ror.org/02xe5ns62","country_code":"CN","type":"education","lineage":["https://openalex.org/I159948400"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Dongwei Su","raw_affiliation_strings":["Department of Finance, Jinan University, Guangzhou, Guangdong 510632, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Finance, Jinan University, Guangzhou, Guangdong 510632, China","institution_ids":["https://openalex.org/I159948400"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5055405664"],"corresponding_institution_ids":["https://openalex.org/I159948400"],"apc_list":{"value":3470,"currency":"USD","value_usd":3470},"apc_paid":null,"fwci":0.5474,"has_fulltext":false,"cited_by_count":50,"citation_normalized_percentile":{"value":0.83303333,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":99},"biblio":{"volume":"12","issue":"3","first_page":"271","last_page":"286"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.0005000000237487257,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.0003000000142492354,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/earnings-announcements","display_name":"earnings announcements","score":0.949999988079071},{"id":"https://openalex.org/keywords/stock-price-reaction","display_name":"stock price reaction","score":0.8519999980926514},{"id":"https://openalex.org/keywords/earnings-per-share","display_name":"earnings per share","score":0.8080000281333923},{"id":"https://openalex.org/keywords/abnormal-returns","display_name":"abnormal returns","score":0.9369999766349792},{"id":"https://openalex.org/keywords/chinese-stock-market","display_name":"Chinese stock market","score":0.7009999752044678},{"id":"https://openalex.org/keywords/institutional-investors","display_name":"institutional investors","score":0.7990000247955322},{"id":"https://openalex.org/keywords/short-term-investors","display_name":"short-term investors","score":0.6470000147819519},{"id":"https://openalex.org/keywords/foreign-investors","display_name":"foreign investors","score":0.4269999861717224}],"concepts":[{"id":"https://openalex.org/C206217203","wikidata":"https://www.wikidata.org/wiki/Q1134378","display_name":"Earnings per share","level":3,"score":0.7492203712463379},{"id":"https://openalex.org/C2781426361","wikidata":"https://www.wikidata.org/wiki/Q5326940","display_name":"Earnings","level":2,"score":0.7376362681388855},{"id":"https://openalex.org/C2779538965","wikidata":"https://www.wikidata.org/wiki/Q1020013","display_name":"Share price","level":3,"score":0.6331185698509216},{"id":"https://openalex.org/C133441289","wikidata":"https://www.wikidata.org/wiki/Q127473","display_name":"Price\u2013earnings ratio","level":4,"score":0.5840082168579102},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.5679007768630981},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5584427118301392},{"id":"https://openalex.org/C13417124","wikidata":"https://www.wikidata.org/wiki/Q1464622","display_name":"Stock dilution","level":5,"score":0.5512272119522095},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5027432441711426},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.445110946893692},{"id":"https://openalex.org/C2988984586","wikidata":"https://www.wikidata.org/wiki/Q1020013","display_name":"Stock price","level":3,"score":0.4447011351585388},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.43362119793891907},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.4193416237831116},{"id":"https://openalex.org/C148126853","wikidata":"https://www.wikidata.org/wiki/Q7316309","display_name":"Restricted stock","level":4,"score":0.3445793390274048},{"id":"https://openalex.org/C200870193","wikidata":"https://www.wikidata.org/wiki/Q11691","display_name":"Stock exchange","level":2,"score":0.251409649848938},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2476082742214203},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C143724316","wikidata":"https://www.wikidata.org/wiki/Q312468","display_name":"Series (stratigraphy)","level":2,"score":0.0},{"id":"https://openalex.org/C2780762169","wikidata":"https://www.wikidata.org/wiki/Q5905368","display_name":"Horse","level":2,"score":0.0},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1016/s1058-3300(02)00085-x","doi":"https://doi.org/10.1016/s1058-3300(02)00085-x","is_oa":false,"landing_page_url":"https://doi.org/10.1016/s1058-3300(02)00085-x","pdf_url":null,"source":{"id":"https://openalex.org/S105710273","display_name":"Review of Financial Economics","issn_l":"1058-3300","issn":["1058-3300","1873-5924"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-70","russia-white-list-3"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Review of Financial Economics","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":11,"referenced_works":["https://openalex.org/W1572150934","https://openalex.org/W1975559097","https://openalex.org/W2002169686","https://openalex.org/W2056114466","https://openalex.org/W2081432842","https://openalex.org/W2103293455","https://openalex.org/W2113065570","https://openalex.org/W2128778916","https://openalex.org/W2151915149","https://openalex.org/W2320193169","https://openalex.org/W2323730052"],"related_works":["https://openalex.org/W2116919620","https://openalex.org/W2218337557","https://openalex.org/W7095148145","https://openalex.org/W7113572514","https://openalex.org/W2000260482","https://openalex.org/W2044384130","https://openalex.org/W2354738582","https://openalex.org/W1579676673","https://openalex.org/W34221837","https://openalex.org/W1969753716"],"abstract_inverted_index":{"Abstract":[0],"We":[1,19],"examine":[2],"the":[3,15,29,65],"stock":[4,17],"price":[5],"reactions":[6],"to":[7,35,105],"changes":[8,30,48],"in":[9,14,31],"earnings":[10,32,47,66],"per":[11],"share":[12],"(EPS)":[13],"Chinese":[16],"markets.":[18],"find":[20],"that":[21,76,93],"domestic":[22],"A\u2010share":[23,51,78,106],"investors":[24,44],"do":[25],"not":[26,102],"correctly":[27],"anticipate":[28],"and":[33,98],"fail":[34],"adjust":[36],"new":[37],"earnngs":[38],"information":[39,101],"quickly,":[40],"but":[41,68],"international":[42],"B\u2010share":[43,88],"can":[45,59],"predict":[46],"better":[49],"than":[50],"investors.":[52],"As":[53],"a":[54],"result,":[55],"abnormal":[56],"returns":[57],"(ARs)":[58],"be":[60],"obtained":[61],"by":[62],"trading":[63],"on":[64,95],"information,":[67],"for":[69],"A":[70],"shares":[71],"only.":[72],"An":[73],"explanation":[74],"is":[75],"most":[77,87],"holders":[79,89],"are":[80,90],"individuals":[81],"with":[82],"short\u2010term":[83],"investment":[84],"horizon":[85],"while":[86],"large":[91],"institutions":[92],"trade":[94],"more":[96],"detailed":[97],"accurate":[99],"financial":[100],"immediately":[103],"available":[104],"holders.":[107]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":3},{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":2},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":2},{"year":2015,"cited_by_count":3},{"year":2014,"cited_by_count":7},{"year":2013,"cited_by_count":3},{"year":2012,"cited_by_count":7}],"updated_date":"2026-10-12T09:40:04.860316","created_date":"2016-06-24T00:00:00"}
