Effects of Limits-to-Arbitrage on Post Earnings Announcement Drift
نویسندگان
چکیده
منابع مشابه
Post - Earnings Announcement Drift ?
The predictability of abnormal returns based on information contained in past earnings announcements is a statistically and economically significant anomaly. Neither is it illusory, nor is it an artefact of the experimental design. It may be a result of market inefficiency. Our results cannot rule out this explanation. However, we find that the magnitude of the post-earnings announcement effect...
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ژورنال
عنوان ژورنال: Korean Journal of Financial Studies
سال: 2018
ISSN: 2005-8187
DOI: 10.26845/kjfs.2018.08.47.4.673