Essays about: "Earnings Surprise"
Showing result 1 - 5 of 12 essays containing the words Earnings Surprise.
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1. Exploring Momentum: The Hidden Drivers of Stock Returns in the Nordic Market
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : This thesis investigates the relationship between price momentum, earnings momentum, and stock returns in the Nordic region by examining the risk-adjusted performance measures of various momentum strategy portfolios. Inspired by Novy-Marx's 2015 theory that momentum in firm fundamentals explains the performance of price momentum strategies, this study seeks to provide deeper insights into momentum drivers and their implications for investment professionals. READ MORE
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2. 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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3. Everything is Relative: Underlying Mechanisms Affecting Investor Reactions to Contrast Effects in the US Financial Market
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : Contrast effects influence our perception of information because it biases us to perceive matters relative to each other and not by their absolute values. This paper explores contrast effects in a financial setting. Contrasts are measured by comparing earning news of firms with announcement dates following each other. READ MORE
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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 finansieringAbstract : 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
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5. Strategic Earnings Announcements on Stockholm OMX Exchange - A study of the tendency to and market reaction towards disclosure of earnings announcements during periods of lower market attention(?)
University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansieringAbstract : In this study, we investigate the phenomenon of Strategic Earnings Announcements on the Stockholm OMX Exchange. Using basic t-tests, we report that earnings announcements made on Fridays are not related to negative earnings surprises when compared to other weekdays, rather there are indications that Friday announcements are related to a positive surprise in the market. READ MORE
