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Option listing and the stock-price response to earnings announcements 1 We appreciate the comments of seminar participants from New York University, Hofstra University, the University of Notre Dame, and Miami University. We especially appreciate the comments of John Affleck-Graves, Larry Brown, Jeff Callen, Mike Hemler, Bob Jennings, Chao-Shin Liu, Joshua Livnat, Bill McDonald, Bill Nichols, Tom Stober, Ross Watts (the editor), and Paul Zarowin. We are also grateful to an anonymous reviewer for many beneficial suggestions. We are particularly grateful to Doug Skinner for providing us with a list of his sample firms and for answering our many questions. We thank I/B/E/S Inc. for providing earnings forecast data and The Chicago Board Options Exchange for supplying data on option listing. 1

Author:

Richard R. Mendenhall,Donald H. Fehrs

Publication:

Journal of Accounting and Economics

Publisher:

Elsevier

Date:

1 February 1999

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