Post-earnings announcement drift: Evidence from Turkey

We study the post-earnings announcement drift (PEAD) anomaly and its determinants in Borsa Istanbul using quarterly earnings announcements and three different surprise measures. We find evidence supportive of the existence of PEAD in the Turkish stock market. Sorting stocks each quarter into three q...

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Bibliographic Details
Main Authors: Aykut Ahlatcıoğlu, Nesrin Okay
Format: Article
Language:English
Published: Elsevier 2021-03-01
Series:Borsa Istanbul Review
Subjects:
G11
G14
G15
Online Access:http://www.sciencedirect.com/science/article/pii/S2214845020300508