Sökning: "underreaction"

Visar resultat 1 - 5 av 8 uppsatser innehållade ordet underreaction.

1. 1. The granddaddy of underreaction events: Post-earnings announcement drift and information noisiness on the Swedish market

   D-uppsats, Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

   Författare :Sofia Berlin; Gustav Sandelin; [2023]
   Nyckelord :Post-earnings announcement drift; market efficiency; earnings surprises; information noisiness; stock price synchronicity;

   Sammanfattning : This paper aims to answer the question of whether there is an existence of post-earnings announcement drift on the Swedish stock market and to what extent it can be explained by information noisiness. A sample of publicly listed firms on the Swedish stock market from 2002 to 2019 is used and the research design includes four different approaches to estimating earnings surprises which is a crucial step in investigating PEAD. LÄS MER

3. 2. Stock price reactions to Swedish rights offerings: Do investors underreact?

   Master-uppsats, Göteborgs universitet/Graduate School

   Författare :Maja Andersen Tössebro; Lisa Reenbom; [2018-07-04]
   Nyckelord :Rights offerings; behavioral finance; stock price performance; drift; underreaction;

   Sammanfattning : This paper studies 527, hand-collected, Swedish rights offerings announced over the period January 2007 to December 2016. The results differ from previous studies on rights offerings announcements on small markets, where we find that the announcement of SEOs lowers the stock price of the issuing firms. LÄS MER

4. 3. Momentum During Intraday. Trading Evidence from US NASDAQ

   Master-uppsats, Göteborgs universitet/Graduate School

   Författare :Kristoffer Frösing; [2017-07-25]
   Nyckelord :Momentum; Contrarian; Relative strength; Intraday; Trading strategy; Abnormal returns;

   Sammanfattning : Both momentum and contrarian strategies have shown to provide investors with high risk-adjusted returns when applied on daily, weekly and monthly data. This study examines the effect of the underreaction phenomenon on the US NASDAQ stock market between November 2016 and February 2017. LÄS MER

5. 4. Post Earnings Announcement Drift in Sweden : Evidence and application of theories in Behavioural Finance

   Magister-uppsats, 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

7. 5. Does Big Brother Get More Attention? - A Study on Investor (In)attention and Focus on Well-covered Companies

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

   Författare :Leo Nilsson; Felipe Gutierrez; [2011]
   Nyckelord :Investor Inattention; Earnings Surprise; Forecast error; Abnormal Return; Analyst;

   Sammanfattning : This thesis examines the attention span of investors by observing the impact of earnings surprises on the abnormal return on the announcement day - as proxy of attention we have chosen to look at the number of analysts following the firms. Two hypotheses constituted the foundation for our study. LÄS MER