Essays about: "Underreaction."
Showing result 1 - 5 of 8 essays containing the word Underreaction..
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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 finansieringAbstract : 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
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2. Stock price reactions to Swedish rights offerings: Do investors underreact?
University essay from Göteborgs universitet/Graduate SchoolAbstract : This paper studies 527, hand-collected, Swedish rights offerings announced over the period January 2007 to December 2016. The results differ from previous studies on rights offerings announcements on small markets, where we find that the announcement of SEOs lowers the stock price of the issuing firms. READ MORE
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3. Momentum During Intraday. Trading Evidence from US NASDAQ
University essay from Göteborgs universitet/Graduate SchoolAbstract : Both momentum and contrarian strategies have shown to provide investors with high risk-adjusted returns when applied on daily, weekly and monthly data. This study examines the effect of the underreaction phenomenon on the US NASDAQ stock market between November 2016 and February 2017. READ MORE
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4. Post Earnings Announcement Drift in Sweden : Evidence and application of theories in Behavioural Finance
University essay from IHH, FöretagsekonomiAbstract : 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
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5. Does Big Brother Get More Attention? - A Study on Investor (In)attention and Focus on Well-covered Companies
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : This thesis examines the attention span of investors by observing the impact of earnings surprises on the abnormal return on the announcement day - as proxy of attention we have chosen to look at the number of analysts following the firms. Two hypotheses constituted the foundation for our study. READ MORE