Construct · 1 fields · 1 citations

post-earnings announcement drift: a standalone construct

One name. One construct. A landmark on the map.

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post-earningsannouncement drift1 CONSTRUCTPost-earningsBERNARD · FINANCE

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Finance

stock prices keep drifting in the direction of an earnings surprise for weeks after the announcement.

In finance, post-earnings announcement drift refers to stock prices keep drifting in the direction of an earnings surprise for weeks after the announcement. This meaning comes from Bernard (1989) in Journal of Accounting Research.[1]

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Nearby constructs

drift5 fields · 6 citationsjingle · one word, five constructsstock2 fields · 2 citationsjingle · one word, two constructssurprise3 fields · 6 citationsjingle · one word, three constructs

References

  1. Bernard, V. L., & Thomas, J. K. (1989). Post-Earnings-Announcement Drift: Delayed Price Response or Risk Premium? Journal of Accounting Research, 27, 1. https://doi.org/10.2307/2491062

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