Sökning: "Pead handelshögskolan"

Hittade 5 uppsatser innehållade orden Pead handelshögskolan.

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. The Return Pattern around Earnings Announcements

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

   Författare :Berndt Gardell; Wilhelm Hörberg; [2011]
   Nyckelord :Earnings announcements; PEAD; Historical return; Portfolio strategy;

   Sammanfattning : In this thesis we examine whether a portfolio strategy taking advantage of price movements around earnings announcement on the Swedish stock market, with consideration to the companies prior 12-month returns, can give an investor abnormal returns. We find that an investor can gain abnormal returns by taking a long position in the stocks five days before their earnings announcements and going short five days after the earnings announcements. LÄS MER

4. 3. Förlorad lönsamhet - en studie av PEAD:s förändrade egenskaper på den svenska aktiemarknaden mellan år 2000 och 2009

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

   Författare :Mathias Nordling; Daniel Polvi; [2010]
   Nyckelord :Post-Earnings Announcement Drift; Earnings Announcement Return; negative earnings surprise; trading strategy; Swedish equity market;

   Sammanfattning : In this thesis we study the development of post-earnings announcement drift (PEAD) in the Swedish equity market from 2000 to 2009. By forming portfolios based on the stock price reaction to quarterly reporting we show that the characteristics of PEAD have changed. LÄS MER

5. 4. Post-Earnings Announcement Drift on the Swedish Equity Markets: Utilizing the EAR metric

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

   Författare :Stefan Björklund; Björn Johansson; [2008]
   Nyckelord :Post-Earnings Announcement Drift; Efficient Markets;

   Sammanfattning : In this thesis, we examine the existence and characteristics of post-earnings announcement drifts on the Swedish equity market, from 1996 to 2007, both using an event study approach as well as a portfolio approach. The tests are performed using the EAR measure, which measures the total market reaction surrounding the announcement of financial statements. LÄS MER

7. 5. Post Earnings Announcement Trading Strategy: A Study on the Swedish Stock Market during January 2001-July 2006

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

   Författare :Jacob Bolbol; Nils Öqvist; [2007]
   Nyckelord :SUE; Trading strategy; PEAD; Earnings announcement; Abnormal returns;

   Sammanfattning : A puzzling stock market anomaly is the post earnings announcement drift (PEAD), where stock prices continue to drift in the direction of the earnings surprise after the earnings is publicly known. This thesis examines the PEAD in Sweden during January 2001 to July 2006 and investigates whether it is possible to build a successful trading strategy based on this anomaly. LÄS MER