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- W2442424406 abstract "We explore the impact of specific corporate news issued by European companies in the ICT industry on the daily stock return. We compile 8.111 news issued in Press releases tab of the firm's website between January 2003-April 2005, and classify them into financial and non financial categories. Our results show a positive price reaction around news about acquisition of new customers, completion of acquisitions, strategic long term decisions and non technological alliances. Whereas news such as the launch of new or upgraded products or promotions and marketing reveal a negative impact on stock returns. We also evidence that the influence of news depend upon firms' characteristics." @default.
- W2442424406 created "2016-06-24" @default.
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- W2442424406 date "2006-01-01" @default.
- W2442424406 modified "2023-10-03" @default.
- W2442424406 title "The Market Valuation of Financial and Non-Financial News of Technological Firms" @default.
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- W2442424406 doi "https://doi.org/10.2139/ssrn.906563" @default.
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