post-earnings-announcement drift

  • 1Post earnings announcement drift — The post earnings announcement drift anomaly means the tendency for stocks to earn abnormally high returns in the three quarters following a positive earnings announcement, and to earn abnormally low returns in the three quarters following a… …

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  • 2post-earnings-announcement drift — /pəυst ˌɜ:nɪŋz ə naυnsmənt drɪft/ noun an unexplained downward movement of shares in companies following announcements that quarterly earnings have exceeded expectations …

    Dictionary of banking and finance

  • 3Earnings response coefficient — IntroductionThe earnings response coefficient, or ERC, is the estimated relationship between equity returns and the unexpected portion of (i.e., new information in) companies earnings announcements. In financial economics, arbitrage pricing… …

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  • 4Event study — An Event study is a method to assess the impact of an event on the value of a firm. For example, the announcement of a merger between two s can be analyzed to see whether investors believe the merger will create or destroy value.Event studies… …

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  • 5David Hirshleifer — Born September 31, 1958 (1958 09 31) (age 53) California Nationality  United States Institution …

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  • 6Pacific Islands Enter a Post-Nuclear Era — ▪ 1997       by Barrie MacDonald  France s announcement in January 1996 that it would end nuclear testing in the Pacific Islands brought the era to a close. For more than 30 years, France had conducted tests at the atolls of Mururoa and… …

    Universalium

  • 7Hans-Peter Burghof — (* 14. November 1963 in Bad Kreuznach) ist ein deutscher Hochschullehrer und Inhaber des Lehrstuhls für Bankwirtschaft und Finanzdienstleistungen an der Universität Hohenheim.[1] Inhaltsverzeichnis 1 Werdegang 2 …

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  • 8United Kingdom — a kingdom in NW Europe, consisting of Great Britain and Northern Ireland: formerly comprising Great Britain and Ireland 1801 1922. 58,610,182; 94,242 sq. mi. (244,100 sq. km). Cap.: London. Abbr.: U.K. Official name, United Kingdom of Great… …

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  • 9Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… …

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  • 10Business and Industry Review — ▪ 1999 Introduction Overview        Annual Average Rates of Growth of Manufacturing Output, 1980 97, Table Pattern of Output, 1994 97, Table Index Numbers of Production, Employment, and Productivity in Manufacturing Industries, Table (For Annual… …

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