Sökning: "Post-Earnings Announcement Drift"

Visar resultat 1 - 5 av 10 uppsatser innehållade orden Post-Earnings Announcement Drift.

1. 1. Risk and Uncertainty in Banking Sector -A study of the Post-Earnings Announcement Drift in European banks - Did the market reflect the banks' exposure to risk before the magnitude of the financial crisis was a fact?

   Master-uppsats, Göteborgs universitet/Företagsekonomiska institutionen

   Författare :Moa Börjesson; Elin Johansson; [2012-06-14]
   Nyckelord :Post-Earnings Announcement Drift; risk; uncertainty; banking sector; credit loss; liquidity; auditors’ role.;

   Sammanfattning : Background and ProblemWhen the financial crisis started in 2007, the attention was directed towards the risks that the banking sector was exposed to. The information asymmetry between the banks and the market caused uncertainty for the investors, and this uncertainty had to be taken into consideration for investment decisions and would affect the asset pricing (Bird & Yeung, 2012). LÄS MER

3. 2. Post Earnings Announcement Drift in Sweden : Evidence and application of theories in Behavioural Finance

   Magister-uppsats, Högskolan i Jönköping/IHH, Företagsekonomi

   Författare :Fredrik Magnusson; [2012]
   Nyckelord :Post Earnings Announcement Drift; Behavioral Finance; Efficient Markets; Analyst Forecast Error;

   Sammanfattning : The post earnings announcement drift is a market anomaly causing a firms cumulative abnormal returns to drift in the direction of an earnings surprise. By measuring quarterly earnings surprises using two measures. The first based upon a times series prediction and the other based upon on analyst forecast errors. LÄS MER

4. 3. Investor distraction during the Swedish summer and stock market under-reaction to companies’ earnings releases

   Master-uppsats, Uppsala universitet/Företagsekonomiska institutionen; Uppsala universitet/Företagsekonomiska institutionen

   Författare :Alyssa Guscott; My Bach; [2011]
   Nyckelord :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;

   Sammanfattning : 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’. LÄS MER

5. 4. Placeringsstrategi baserad på fenomenet Post Earnings Announcement Drift (PEAD) : En praktisk tillämpning av PEAD på den svenska aktiemarknaden

   Kandidat-uppsats, Uppsala universitet/Företagsekonomiska institutionen; Uppsala universitet/Företagsekonomiska institutionen; Uppsala universitet/Företagsekonomiska institutionen

   Författare :Christofer Olofsson; Alex Myrsten; Robert Norrby; [2011]
   Nyckelord :PEAD; effektiva marknadshypotesen; kvartalsrapporter; OMXS30;

   Sammanfattning : Denna rapport syftar till att undersöka om det är möjligt att generera en stabil och säker avkastning på den svenska aktiemarknaden utan att nödvändigtvis besitta förkunskaper om specifika företag eller det rådande ekonomiska klimatet. Den modell vi använder oss av är något modifierad men bygger på en drygt fyra decennier gammal teori, Post Earning Announcement Drift (PEAD), som upptäcktes av Ball och Brown 1968. LÄS MER

7. 5. Price and Earnings Momentum in Emerging Markets

   D-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Författare :Jieying Li; Gustaf Toll; [2011]
   Nyckelord :Post-earnings announcement drift; Price momentum; Earnings momentum; Market efficiency; Emerging Markets;

   Sammanfattning : This thesis aims to evaluate the price and earnings momentum trading strategies in Emerging Markets. Profitability of relative strength portfolios as well as hedge portfolios for both price and earnings momentum will be evaluated in 19 Emerging Markets between 1991 and 2007. LÄS MER