Post-Earnings Announcement Drift

Name: Post-Earnings Announcement Drift
Price: 49.23 USD
Availability: InStock
ISBN: 9783843367813

ISBN-10: 3843367817

ISBN-13: 9783843367813

Edition: N/A

Authors: Tomas Tomcany

List price: $64.00

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Description:

It is a well documented finding in finance theory that share prices drift in the direction of firms unexpected earnings changes, a phenomenom known as post-earnings announcement drift, or earnings momentum. In this book, I study the stock prices reaction to firms quarterly earnings announcements. The book shows that the timeframe in which the drift occurs is related to the size of a firm and is limited in time after the earnings announcement. I further analyze the effect of the number of analysts covering a firm on the magnitude and persistance of post-earnings announcement drift. I document that recent analyst coverage predicts large drifts after the earnings announcements. I suggest…

Book details

List price: $64.00
Publisher: Lambert Academic Publishing
Binding: Paperback
Pages: 92
Size: 6.00" wide x 9.00" long x 0.22" tall
Weight: 0.330
Language: English