Show simple item record  

dc.contributor.authorBird, Ron
dc.contributor.authorGrosse, Matthew
dc.contributor.authorYeung, Danny
dc.date.accessioned2013-05-29T21:21:18Z
dc.date.available2013-05-29T21:21:18Z
dc.date.copyright2013-05-28
dc.date.issued2013
dc.identifier.citationBird, R., Grosse, M. & Yeung, D. (2013). The market response to exploration, resource and reserve announcements by mining companies: Australian data. Australian Journal of Management, published online May 28, 2013.en_NZ
dc.identifier.urihttps://hdl.handle.net/10289/7667
dc.description.abstractThis is the first paper to study the market response to “Joint Ore Reserve Committee” –compliant announcements made by Australian mining firms. Results from an event study based on matched firms suggest that these announcements are highly value relevant, with the market reacting in a significantly positive way to both exploration and resource announcements. Larger abnormal returns are found to accrue to smaller firms, to firms that use positive adjectives in their announcement headlines and to firms whose announcements imply larger percentage increases in resource levels. We also find evidence of markets anticipating both exploration and resource announcements a few days before they are released, which may be suggestive of some insider trading.en_NZ
dc.language.isoenen_NZ
dc.publisherSageen_NZ
dc.relation.ispartofAustralian Journal of Management
dc.relation.urihttp://aum.sagepub.com/content/early/2013/05/28/0312896212473401.abstract?&location1=affiliation&location2=all&row_operator2=and&term1a=university&term1b=waikato&term_operator1=and&term_operator2=and&cten_NZ
dc.subjectevent studyen_NZ
dc.subjectmarket reactionen_NZ
dc.subjectmining firmsen_NZ
dc.subjectresource industryen_NZ
dc.titleThe market response to exploration, resource and reserve announcements by mining companies: Australian dataen_NZ
dc.typeJournal Articleen_NZ
dc.identifier.doi10.1177/0312896212473401en_NZ
dc.relation.isPartOfAustralian Journal of Managementen_NZ
pubs.begin-page311en_NZ
pubs.elements-id39015
pubs.end-page331en_NZ
pubs.issue2en_NZ
pubs.volume38en_NZ


Files in this item

FilesSizeFormatView

There are no files associated with this item.

This item appears in the following Collection(s)

Show simple item record