Investor distraction during the Swedish summer and stock market under-reaction to companies’ earnings releases

Investor distraction during the Swedish summer and stock market under-reaction to companies’ earnings releases

This paper investigates whether greater investor distraction on the Swedish stock market during the summer months of June, July and August leads to a more pronounced post earnings announcement drift (PEAD) effect, during the ten year period between 2000 and 2009. PEAD is an anomaly whereby the infor...

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Bibliographic Details
Main Authors: Guscott, Alyssa, Bach, My
Format: Others
Language:English
Published: Uppsala universitet, Företagsekonomiska institutionen 2011
Subjects:
investor distraction
investor inattention
Post Earnings Announcement Drift
PEAD
under-reaction
earnings surprise
SUE
summer
seasonal effects
buy and hold abnormal returns
abnormal returns
BHAR
Business studies
Företagsekonomi
Online Access:http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-155747

Internet

http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-155747

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