Essays about: "PEAD"

Showing result 1 - 5 of 12 essays containing the word PEAD.

  1. 1. The granddaddy of underreaction events: Post-earnings announcement drift and information noisiness on the Swedish market

    University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

    Author : Sofia Berlin; Gustav Sandelin; [2023]
    Keywords : Post-earnings announcement drift; market efficiency; earnings surprises; information noisiness; stock price synchronicity;

    Abstract : This paper aims to answer the question of whether there is an existence of post-earnings announcement drift on the Swedish stock market and to what extent it can be explained by information noisiness. A sample of publicly listed firms on the Swedish stock market from 2002 to 2019 is used and the research design includes four different approaches to estimating earnings surprises which is a crucial step in investigating PEAD. READ MORE

  2. 2. Post Earnings Announcement Drift in the Stockholm Stock Exchange : How pronounced is PEAD on beta, traded volume and sector allocation?

    University essay from Blekinge Tekniska Högskola/Institutionen för industriell ekonomi

    Author : Ramon Nino; Paula Sander Pettersson; [2023]
    Keywords : PEAD; Post Earnings Announcement Drift; Anomalies; Efficient Market Hypothesis; Earnings announcements; beta; volume; sector; price;

    Abstract : Post Earnings Announcement Drift (PEAD) is a market anomaly that challenge the “Efficient Market Hypothesis” (EMH). It was first discovered in 1968 by Ball and Brown. When firms on the stock market have their earnings announcement the stock price will be affected and tend to drift up or down in price for days, weeks or months. READ MORE

  3. 3. "Buy low, sell high, that's my motto." - An event study examining the Post Earnings Announcement Drift on the Swedish market

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Hannes Wiklund; [2021]
    Keywords : PEAD; Sweden; Finance; Event Study; Market Anomaly; Business and Economics;

    Abstract : The post earnings announcement drift (PEAD) is a well studied market anomaly. However, few academic papers have focused their attention on Swedish market. Therefore, this paper evaluates if the PEAD can be observed on the Swedish market between the first quarter of 2006 and the last quarter of 2019. READ MORE

  4. 4. Post-Earnings Announcement Drift on the Swedish Stock Market : The Effect of Corporate Governance Quality

    University essay from Uppsala universitet/Företagsekonomiska institutionen

    Author : Ted Jakobsson; Tobias Severin; [2020]
    Keywords : Post-earnings announcement drift; PEAD; corporate governance; information uncertainty; trading strategy; abnormal returns;

    Abstract : This study examines the post-earnings announcement drift (PEAD) anomaly on the Swedish stock market. By constructing a corporate governance index based on share structure, board independence and board gender diversity, we test how the quality of firms’ corporate governance affects the drift – a link which is previously unexplored. READ MORE

  5. 5. Earnings announcements and the Stockholm Stock Exchange: Irrational investors and market inefficiency

    University essay from Göteborgs universitet/Graduate School

    Author : Bo Bergsten; [2016-09-21]
    Keywords : ;

    Abstract : Earlier research has demonstrated the existence of the anomaly post earnings announcement drift (PEAD) on several efficient markets; i.e. the phenomenon where an unexpectedly good (bad) earnings report causes a firms share price to outperform (underperform) the market for an extended time period after the report. READ MORE