Essays about: "Post-Earnings Announcement Drift"
Showing result 21 - 23 of 23 essays containing the words Post-Earnings Announcement Drift.
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21. Shifting attention between macro and firm-specific information around earnings announcements
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : Theoretical models predict that investors with limited capacity to process information will shift attention to macro information when macro uncertainty is high, which may lead to neglect of firm-specific information such as earnings announcements. I predict that stock prices will therefore initially underreact to earnings in times of high uncertainty, and display a delayed reaction thereafter. READ MORE
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22. Post-Earnings Announcement Drift on the Swedish Equity Markets: Utilizing the EAR metric
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : In this thesis, we examine the existence and characteristics of post-earnings announcement drifts on the Swedish equity market, from 1996 to 2007, both using an event study approach as well as a portfolio approach. The tests are performed using the EAR measure, which measures the total market reaction surrounding the announcement of financial statements. READ MORE
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23. Post Earnings Announcement Trading Strategy: A Study on the Swedish Stock Market during January 2001-July 2006
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : A puzzling stock market anomaly is the post earnings announcement drift (PEAD), where stock prices continue to drift in the direction of the earnings surprise after the earnings is publicly known. This thesis examines the PEAD in Sweden during January 2001 to July 2006 and investigates whether it is possible to build a successful trading strategy based on this anomaly. READ MORE
