Essays about: "under-reaction"

Found 2 essays containing the word under-reaction.

1. 1. 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

3. 2. Does Misconduct Matter?: An Investigation into the Effect of Litigation Announcements on America’s Most Successful Companies

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Leisha Weissenberger; Linus Stigsby; [2006]
   Keywords : Litigation; Corporate Misconduct;

   Abstract : This study analyses the effect of litigation by the US Security and Exchange Commission on the share price of large public US firms. Event study methodology and regression analysis have been used to examine the impact of SEC litigation announcements filed against Forbes 500 companies during the five year period from 2000 to 2005. READ MORE