Essays about: "Post-earnings announcement drift"
Showing result 1 - 5 of 23 essays containing the words Post-earnings announcement drift.
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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. Post Earnings Announcement Drift in the Stockholm Stock Exchange : How pronounced is PEAD on beta, traded volume and sector allocation?
University essay from Blekinge Tekniska Högskola/Institutionen för industriell ekonomiAbstract : Post Earnings Announcement Drift (PEAD) is a market anomaly that challenge the “Efficient Market Hypothesis” (EMH). It was first discovered in 1968 by Ball and Brown. When firms on the stock market have their earnings announcement the stock price will be affected and tend to drift up or down in price for days, weeks or months. READ MORE
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3. Intraday Stock Price Variability Around Quarterly Earnings Announcements: Are markets efficient at interpreting quarterly earnings announcements?
University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansieringAbstract : This study examines the market reactions to earnings announcements and investigates the relationship between market cap segment and stock price variability around quarterly earnings announcements, on the Nasdaq OMX Stockholm main market during the year of 2021. Consistent with theoretical hypothesis, the empirical analysis shows that in the days surrounding an announcement of earnings, the abnormal intraday price ranges are elevated, and the elevated ranges are sustained for up to eight days following an announcement. READ MORE
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4. "Buy low, sell high, that's my motto." - An event study examining the Post Earnings Announcement Drift on the Swedish market
University essay from Lunds universitet/Nationalekonomiska institutionenAbstract : The post earnings announcement drift (PEAD) is a well studied market anomaly. However, few academic papers have focused their attention on Swedish market. Therefore, this paper evaluates if the PEAD can be observed on the Swedish market between the first quarter of 2006 and the last quarter of 2019. READ MORE
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5. Post-Earnings Announcement Drift on the Swedish Stock Market : The Effect of Corporate Governance Quality
University essay from Uppsala universitet/Företagsekonomiska institutionenAbstract : 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
