The Effect of Ex-Ante Management Forecast Accuracy 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: SSRN Electronic Journal
سال: 2009
ISSN: 1556-5068
DOI: 10.2139/ssrn.1465047