Essays about: "Post-Earnings Announcement Drift"

Showing result 11 - 15 of 23 essays containing the words Post-Earnings Announcement Drift.

  1. 11. Analyzing the Post-Earnings-Announcement Drift Anomaly in the European Listed Real Estate Sector

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Derek Oswald; Hang Fu; [2016]
    Keywords : Real Estate Investment Trusts; Real Estate Operating Companies; Post-Earnings-Announcement Drift; European Listed Real Estate Sector;

    Abstract : This paper aims at identifying potential post-earnings-announcement drift effects in the European listed real estate sector and then comparing such results with similar studies focused on the United States listed real estate sector. The post-earnings-announcement drift effect is a well-documented market anomaly however has only recently received attention from academic research on whether it exists in the real estate sector. READ MORE

  3. 12. Exploiting Market Reactions to Dividend Cuts : Contrarian Trading Strategies in a Short Investment Horizon - Evidence from the Swedish Stock Market

    University essay from Uppsala universitet/Företagsekonomiska institutionen

    Author : Jacob Magnusson Magnusson; N. E. Ludvig Karlsson; [2016]
    Keywords : Contrarian Trading Strategies; Dividend Announcements; Abnormal Returns; Event Study;

    Abstract : This paper investigates the impact of dividend reduction announcements on the returns to stocks listed on the Stockholm Stock Exchange. We perform an event study on dividend cutting firms between 2002-2016 to determine if contrarian trading on the basis of negative dividend announcement yields abnormal returns. READ MORE

  4. 13. Earnings Announcements In The Credit Default Swap Market - An Event Study

    University essay from Uppsala universitet/Företagsekonomiska institutionen

    Author : Martin Johansson; Johanna Nederberg; [2014]
    Keywords : Credit default swaps; European CDS market; Earnings announcements; Earnings surprises; Event study; Market efficiency;

    Abstract : This paper investigates the European CDS markets response to earnings announcements between the years 2011-2013. Through the use of event study methodology, we investigate if the CDS market reacts to earnings news in terms of abnormal spread changes. READ MORE

  5. 14. Post-Earnings-Announcement Drift and Investor Sophistication: Employing buy-side, sell-side and inside proxies in a Swedish setting

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

    Author : Hjalmar Kågerman; Erik Orbring Svensson; [2014]
    Keywords : post-earnings-announcement drift; investor sophistication; institutional ownership; analyst experience; insider trading;

    Abstract : This paper studies the post-earnings-announcement drift and its connection to investor sophistication in Sweden over a time period ranging from 2004 to 2013. Using a sample of 215 stocks, it is first hypothesized and shown that a portfolio long (short) in shares with positive (negative) earnings announcement returns yields economically and statistically significant cumulative abnormal returns over a 60-day holding period. READ MORE

  6. 15. Post Earnings Announcement Drift in Swedish Small Cap Listed Firms

    University essay from Göteborgs universitet/Graduate School

    Author : Anna Hamrin; [2013-07-02]
    Keywords : ;

    Abstract : Previous research has found abnormalities after quarterly earnings announcements, which question the efficiency of the capital market. The main purpose of this paper is to investigate abnormalities in the Swedish stock market, applied on small cap listed firms on NASDAQ OMX Nordic Stockholm. READ MORE