Essays about: "Post-Earnings Announcement Drift"

Showing result 16 - 20 of 23 essays containing the words Post-Earnings Announcement Drift.

1. 16. The possible beginning of an end : A study of the Post Earnings Announcement Drift on the Swedish stock market

   University essay from Företagsekonomiska institutionen

   Author : Peter Hedberg; Annie Lindmark; [2013]
   Keywords : Post Earnings Announcement Drift; Earnings Surpise; Market Efficiency; Behavioural Finance; Swedish stock market;

   Abstract : Post earnings announcement drift (PEAD) is defined as the drift that occurs in a company’s share priceafter their earnings announcement. A company that reports earnings above (below) the analysts’expectations should, according to previous studies of PEAD, continue to drift upwards (downwards)after the announcement. READ MORE

3. 17. Risk and Uncertainty in Banking Sector -A study of the Post-Earnings Announcement Drift in European banks - Did the market reflect the banks' exposure to risk before the magnitude of the financial crisis was a fact?

   University essay from Göteborgs universitet/Företagsekonomiska institutionen

   Author : Moa Börjesson; Elin Johansson; [2012-06-14]
   Keywords : Post-Earnings Announcement Drift; risk; uncertainty; banking sector; credit loss; liquidity; auditors’ role.;

   Abstract : Background and Problem When the financial crisis started in 2007, the attention was directed towards the risks that the banking sector was exposed to. The information asymmetry between the banks and the market caused uncertainty for the investors, and this uncertainty had to be taken into consideration for investment decisions and would affect the asset pricing (Bird & Yeung, 2012). READ MORE

4. 18. Post Earnings Announcement Drift in Sweden : Evidence and application of theories in Behavioural Finance

   University essay from IHH, Företagsekonomi

   Author : Fredrik Magnusson; [2012]
   Keywords : Post Earnings Announcement Drift; Behavioral Finance; Efficient Markets; Analyst Forecast Error;

   Abstract : The post earnings announcement drift is a market anomaly causing a firms cumulative abnormal returns to drift in the direction of an earnings surprise. By measuring quarterly earnings surprises using two measures. The first based upon a times series prediction and the other based upon on analyst forecast errors. READ MORE

5. 19. Investor distraction during the Swedish summer and stock market under-reaction to companies’ earnings releases

   University essay from Företagsekonomiska institutionen

   Author : Alyssa Guscott; My Bach; [2011]
   Keywords : investor distraction; investor inattention; Post Earnings Announcement Drift; PEAD; under-reaction; earnings surprise; SUE; summer; seasonal effects; buy and hold abnormal returns; abnormal returns; BHAR;

   Abstract : This paper investigates whether greater investor distraction on the Swedish stock market during the summer months of June, July and August leads to a more pronounced post earnings announcement drift (PEAD) effect, during the ten year period between 2000 and 2009. PEAD is an anomaly whereby the information contained in earnings announcements is not immediately or completely incorporated into stock prices, in the cases where the announcement contains an ‘earnings surprise’. READ MORE

6. 20. Price and Earnings Momentum in Emerging Markets

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Jieying Li; Gustaf Toll; [2011]
   Keywords : Post-earnings announcement drift; Price momentum; Earnings momentum; Market efficiency; Emerging Markets;

   Abstract : This thesis aims to evaluate the price and earnings momentum trading strategies in Emerging Markets. Profitability of relative strength portfolios as well as hedge portfolios for both price and earnings momentum will be evaluated in 19 Emerging Markets between 1991 and 2007. READ MORE