Essays about: "Unexpected Earnings"

Showing result 11 - 15 of 20 essays containing the words Unexpected Earnings.

  1. 11. Post Earnings Announcement Drift in Swedish Small Cap Listed Firms

    University essay from Göteborgs universitet/Graduate School

    Author : Anna Hamrin; [2013-07-02]
    Keywords : ;

    Abstract : Previous research has found abnormalities after quarterly earnings announcements, which question the efficiency of the capital market. The main purpose of this paper is to investigate abnormalities in the Swedish stock market, applied on small cap listed firms on NASDAQ OMX Nordic Stockholm. READ MORE

  3. 12. Women in the Workforce: A Decomposition of Female Racial Wage Gaps in Brazil

    University essay from Lunds universitet/Ekonomisk-historiska institutionen

    Author : Laura Giles Alvarez; [2013]
    Keywords : Race; women; wages; inequality; labour market; skills.; Social Sciences;

    Abstract : This paper analyses how racial wage gaps amongst women in the Brazilian urban labour market have evolved in response to a strong increase in workers’ skills between 2001 and 2011. For this purpose, Melly (2005, 2006) quantile decomposition frameworks will be applied using PNAD data. READ MORE

  4. 13. Risk and Uncertainty in Banking Sector -A study of the Post-Earnings Announcement Drift in European banks - Did the market reflect the banks' exposure to risk before the magnitude of the financial crisis was a fact?

    University essay from Göteborgs universitet/Företagsekonomiska institutionen

    Author : Moa Börjesson; Elin Johansson; [2012-06-14]
    Keywords : Post-Earnings Announcement Drift; risk; uncertainty; banking sector; credit loss; liquidity; auditors’ role.;

    Abstract : Background and Problem When the financial crisis started in 2007, the attention was directed towards the risks that the banking sector was exposed to. The information asymmetry between the banks and the market caused uncertainty for the investors, and this uncertainty had to be taken into consideration for investment decisions and would affect the asset pricing (Bird & Yeung, 2012). READ MORE

  5. 14. Investor distraction during the Swedish summer and stock market under-reaction to companies’ earnings releases

    University essay from Företagsekonomiska institutionen

    Author : Alyssa Guscott; My Bach; [2011]
    Keywords : investor distraction; investor inattention; Post Earnings Announcement Drift; PEAD; under-reaction; earnings surprise; SUE; summer; seasonal effects; buy and hold abnormal returns; abnormal returns; BHAR;

    Abstract : This paper investigates whether greater investor distraction on the Swedish stock market during the summer months of June, July and August leads to a more pronounced post earnings announcement drift (PEAD) effect, during the ten year period between 2000 and 2009. PEAD is an anomaly whereby the information contained in earnings announcements is not immediately or completely incorporated into stock prices, in the cases where the announcement contains an ‘earnings surprise’. READ MORE

  6. 15. An Alternative Four-Factor Model

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Nils Hübinette; Gustav Jönsson; [2011]
    Keywords : Liquidity; Asset Pricing; Carhart; Anomalies; Investment;

    Abstract : In this paper, we add a liquidity factor to the Chen, Novy-Marx & Zhang (2010) three-factor model, creating an alternative four-factor model. From empirical tests we conclude that the liquidity factor is priced, and that the alternative model is overall better than the Carhart (1997) four-factor model at explaining anomalies, especially standardized unexpected earnings (SUE), financial distress and total accruals. READ MORE