Essays about: "Earnings Response Coefficient"

Showing result 1 - 5 of 6 essays containing the words Earnings Response Coefficient.

1. 1. Does earnings response following CEO turnovers depend on successor origin?: A study on post-turnover earnings response coefficients in North America

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Valter Lindhagen; Johan Luhr; [2019]
   Keywords : CEO turnover; CEO succession; Earnings response coefficient; ERC; Unexpected earnings;

   Abstract : A change in CEO represents a significant event in the life of a firm and can have a large impact on its subsequent direction and performance. This study investigates the effect of CEO turnover on the stock market's response to earnings announcements. READ MORE

3. 2. Are Earnings- and Revenue Response Coefficients Time Varying? Evidence from the S&P 500

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

   Author : Olof Matto; Erik Björk; [2019]
   Keywords : Earnings Response Coefficient; Revenue Response Coefficient; Capital Markets; S P 500; Time Variance;

   Abstract : We test the time variance of the market's reaction to earnings- and revenue surprises, i.e. the earnings- and revenue response coefficients, on S&P 500 constituents during the period 2001 - 2017, split into three different subperiods based on US GDP growth rates. READ MORE

4. 3. The relationship between CSR disclosure quality and investor responsiveness to earnings news

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

   Author : Karolina Sjökvist; Lisa Valfridsson; [2017]
   Keywords : Business model relevance; CSR disclosure quality; Earnings news; Earnings quality; Earnings response coefficient;

   Abstract : This study investigates whether there is a relationship between Corporate Social Responsibility (CSR) disclosure quality and investor responsiveness to earnings news. The notion is that CSR disclosure quality can signal earnings quality. READ MORE

5. 4. Is Top Line Now Top of Mind? An empirical study on response coefficients on the Stockholm Stock Exchange

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

   Author : Olle Henning; Erik Björk; [2017]
   Keywords : Revenue Response Coefficient; Earnings Response Coefficient; Surprise Earnings; Surprise Revenues; Capital Markets;

   Abstract : This study examines the relationship between abnormal stock returns and surprises in both revenues and earnings on the Stockholm Stock Exchange for the years 2011 - 2015. Previous research has shown a continuously increasing size of the revenue response coefficient, which under certain conditions surpasses the value of the earnings response coefficient. READ MORE

6. 5. Does top management trustworthiness affect the capital market's response to unexpected earnings? - A study on the effect of top management trustworthiness on earnings response coefficients

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

   Author : Viktor Jintoft; Olof Matto; [2016]
   Keywords : Earnings Response Coefficient; Capital Markets; Top Management; Trust;

   Abstract : The Earnings Response Coefficient (ERC) measures the magnitude of the capital market's reaction to announced earnings surprises, and varies depending on intertemporal and cross-sectional factors. Since factors such as trust and credibility have been shown to have a significant impact on the capital market's perception of a company, we hypothesize that these factors may also affect the capital market's reactions to earnings surprises. READ MORE