Analyst information precision and small earnings surprises
نویسندگان
چکیده
منابع مشابه
Small Trader Reactions to Consecutive Earnings Surprises
This paper tests whether traders react more strongly as a series of similar earnings surprises continues, as predicted by several important behavioral finance models. We compile measures of buying and selling from NYSE TAQ data for a large ten-year sample. Results show strong, consistent, evidence that small traders exhibit an increasing reaction – with significant increases in reaction strengt...
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ژورنال
عنوان ژورنال: Review of Accounting Studies
سال: 2016
ISSN: 1380-6653,1573-7136
DOI: 10.1007/s11142-016-9370-2