Essays about: "Earnings Surprises"

Showing result 1 - 5 of 20 essays containing the words Earnings Surprises.

1. 1. Exploring Momentum: The Hidden Drivers of Stock Returns in the Nordic Market

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Axel Dillner; Johanna Roos; [2023]
   Keywords : Momentum; Price Momentum; Earnings Momentum; Earnings Surprises; Standardized Earnings Surprise; SES;

   Abstract : 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

3. 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 finansiering

   Author : Sofia Berlin; Gustav Sandelin; [2023]
   Keywords : Post-earnings announcement drift; market efficiency; earnings surprises; information noisiness; stock price synchronicity;

   Abstract : 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

4. 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 ekonomi

   Author : Wilma Östman; Emma Lexhed; [2021]
   Keywords : Contrast Effect; Earning Announcement; Earning Surprise; The Relative Level of Market Strength; Loss Aversion;

   Abstract : 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

5. 4. Post-Earnings Announcement Drift on the Swedish Stock Market : The Effect of Corporate Governance Quality

   University essay from Uppsala universitet/Företagsekonomiska institutionen

   Author : Ted Jakobsson; Tobias Severin; [2020]
   Keywords : Post-earnings announcement drift; PEAD; corporate governance; information uncertainty; trading strategy; abnormal returns;

   Abstract : This study examines the post-earnings announcement drift (PEAD) anomaly on the Swedish stock market. By constructing a corporate governance index based on share structure, board independence and board gender diversity, we test how the quality of firms’ corporate governance affects the drift – a link which is previously unexplored. READ MORE

6. 5. 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