Post-Earnings-Announcement Drift: Delayed Price Response or Risk Premium?
1989/01/01 by Victor L. Bernard, Jacob K. Thomas, Jk Thomas · 1,776 citations
Business, Management and Accounting · Economics, Econometrics and Finance · Mathematics · #Abnormal return #Auditing, Earnings Management, Governance #Corporate Finance and Governance #Decile #Earnings #Earnings response coefficient #Econometrics #Economics #Finance #Financial Markets and Investment Strategies #Financial economics #Mathematics #Monetary economics #Position (finance) #Post-earnings-announcement drift #Statistics #Stock exchange
paper · doi:10.2307/2491062
published in Journal of Accounting Research 27, 1 (Wiley)
openalex publication_date 1989/01/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/11
Abstract
Post-Earnings-Announcement drift, Risk premium, Delayed market reaction, Incomplete risk adjustment
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