Sökning: "Earnings Surprises"

Visar resultat 1 - 5 av 21 uppsatser innehållade orden Earnings Surprises.

1. 1. Exploring Momentum: The Hidden Drivers of Stock Returns in the Nordic Market

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

   Författare :Axel Dillner; Johanna Roos; [2023]
   Nyckelord :Momentum; Price Momentum; Earnings Momentum; Earnings Surprises; Standardized Earnings Surprise; SES;

   Sammanfattning : This thesis investigates the relationship between price momentum, earnings momentum, and stock returns in the Nordic region by examining the risk-adjusted performance measures of various momentum strategy portfolios. Inspired by Novy-Marx's 2015 theory that momentum in firm fundamentals explains the performance of price momentum strategies, this study seeks to provide deeper insights into momentum drivers and their implications for investment professionals. LÄS MER

3. 2. 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

4. 3. Everything is Relative: Underlying Mechanisms Affecting Investor Reactions to Contrast Effects in the US Financial Market

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

   Författare :Wilma Östman; Emma Lexhed; [2021]
   Nyckelord :Contrast Effect; Earning Announcement; Earning Surprise; The Relative Level of Market Strength; Loss Aversion;

   Sammanfattning : Contrast effects influence our perception of information because it biases us to perceive matters relative to each other and not by their absolute values. This paper explores contrast effects in a financial setting. Contrasts are measured by comparing earning news of firms with announcement dates following each other. LÄS MER

5. 4. Post-Earnings Announcement Drift on the Swedish Stock Market : The Effect of Corporate Governance Quality

   Master-uppsats, Uppsala universitet/Företagsekonomiska institutionen

   Författare :Ted Jakobsson; Tobias Severin; [2020]
   Nyckelord :Post-earnings announcement drift; PEAD; corporate governance; information uncertainty; trading strategy; abnormal returns;

   Sammanfattning : This study examines the post-earnings announcement drift (PEAD) anomaly on the Swedish stock market. By constructing a corporate governance index based on share structure, board independence and board gender diversity, we test how the quality of firms’ corporate governance affects the drift – a link which is previously unexplored. LÄS MER

7. 5. Post-Earnings-Announcement Drift : Existerande anomali och lönsam investeringsstrategi?

   Magister-uppsats, Linköpings universitet/Företagsekonomi

   Författare :Fredrik Gustafsson; Julius Bye; [2020]
   Nyckelord :PEAD; Stock Price drift; UE; CTP; BHAR; OMXSPI; Efficient market; PEAD; Aktieprisdrift; UE; CTP; BHAR; OMXSPI; Effektiv marknad;

   Sammanfattning : Bakgrund: Sedan slutet av 1960-talet har flera studier kunnat påvisa drift i aktiepriset efter att ett bolag publicerat en kvartalsrapport, något som benämns som Post-earningsannouncement drift (PEAD). När bolagets resultat varit bättre än det marknaden förväntade sig har aktiepriset fortsatt stiga under en längre period, vilket går emot etablerade hypoteser om en effektiv marknad. LÄS MER