Post-Earnings-Announcement Drift: Delayed Price Response or Risk Premium?

1989/01/01 by Victor L. Bernard, Jacob K. Thomas, Jk Thomas · 13 citations
Economics, Econometrics and Finance · Business, Management and Accounting · #Financial Markets and Investment Strategies #Auditing, Earnings Management, Governance #Corporate Finance and Governance

paper · doi:10.2307/2491062

Abstract

Post-Earnings-Announcement drift, Risk premium, Delayed market reaction, Incomplete risk adjustment

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