- post-earnings-announcement drift
- /pəυst ˌɜ:nɪŋz ə'naυnsmənt drɪft/ nounan unexplained downward movement of shares in companies following announcements that quarterly earnings have exceeded expectations
Dictionary of banking and finance. 2015.
post-earnings-announcement drift
Look at other dictionaries:
Post 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… … Wikipedia
Earnings 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… … Wikipedia
Event 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… … Wikipedia
David Hirshleifer — Born September 31, 1958 (1958 09 31) (age 53) California Nationality United States Institution … Wikipedia
Pacific 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
Hans-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 … Deutsch Wikipedia
United 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… … Universalium
Economic 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… … Universalium
Business 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… … Universalium
South Africa — Republic of, a country in S Africa; member of the Commonwealth of Nations until 1961. 42,327,458; 472,000 sq. mi. (1,222,480 sq. km). Capitals: Pretoria and Cape Town. Formerly, Union of South Africa. * * * South Africa Introduction South Africa… … Universalium
