What is post-earnings announcement drift (PEAD)?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (14 reviews)
If markets are efficient security prices respond instantly and fully to new r...View the full answer
Answered By
Lilian Nyambura
Hi, am Lilian Nyambura, With extensive experience in the writing industry, I am the best fit for your writing projects. I am currently pursuing a B.A. in Business Administration. With over 5 years of experience, I can comfortably say I am good in article writing, editing and proofreading, academic writing, resumes and cover letters. I have good command over English grammar, English Basic Skills, English Spelling, English Vocabulary, U.S. English Sentence Structure, U.K. or U.S. English Punctuation and other grammar related topics. Let me help you with all your essays, assignments, projects, dissertations, online exams and other related tasks. Quality is my goal.
4.80+
378+ Reviews
750+ Question Solved
Related Book For
Accounting Theory Conceptual Issues in a Political and Economic Environment
ISBN: 978-1412991698
8th edition
Authors: Harry Wolk, James Dodd, John Rozycki
Question Posted:
Students also viewed these Accounting questions
-
Why does post-earnings announcement drift appear to be more pronounced with smaller firms? What could be done from a company perspective to rectify this situation? What could be done from a standard...
-
Define two limits to arbitrage, and explain why these might explain the lengthy existence of efficient securities market anomalies such as post- announcement drift and the accruals anomaly.
-
Explain in your own words what post announcement drift is. Why is this an anomaly for securities market efficiency? Give two behavioural biases that could generate post announcement drift.
-
Derive a formula for the second-best relative standard to regulate a polluting monopolist.
-
Calculate the bank discount yield on a 92-day U.S. T-bill that is currently quoted at $97.75.
-
Aggressive Corporation approaches Matt Taylor, a loan officer for Oklahoma State Bank, seeking to increase the companys borrowings with the bank from $100,000 to $200,000. Matt has an uneasy feeling...
-
A pump moves water horizontally at a rate of \(0.02 \mathrm{~m}^{3} / \mathrm{s}\). Upstream of the pump where the pipe diameter is \(90 \mathrm{~mm}\), the pressure is \(120 \mathrm{kPa}\)....
-
An organizations environment includes all the elements that lie outside its own boundarieseverything from human beings to economic phenomena. What can psychology tell us about the environment in...
-
How do advanced computational fluid dynamics (CFD) simulations contribute to the design and optimization of absorption equipment, particularly in assessing flow distribution and predicting...
-
Assuming that all entries have been posted, prepare correcting entries for each of the following errors. 1. The following entry was made to record the purchase of $700 in supplies on account: 2. The...
-
Lev talks about the low correlation between earnings and stock returns. Ou and Penman paper discuss the possibility of making abnormal returns based upon published financial data. Are these papers in...
-
What is the incomplete revelation hypothesis?
-
The fast French train known as the TGV (Train b Grande Vitesse) has a scheduled average speed of 216 km/h. (a) If the train goes around a curve at that speed and the magnitude of the acceleration...
-
The economist reads what a student has written on a course evaluation form: I like the course and have learned a lot this semester. However, I find myself getting distracted when students come into...
-
Explain how the pausing of the ribosome in the presence or absence of tryptophan affects the formation of a terminator (34) stem-loop,and describe how this affects transcription.
-
Discuss how the components of viruses assemble to make new virus particles. What is the difference between a virus that can self-assemble and one that cannot? Give examples.
-
The economist reads about a survey of people picked at random who were asked the question: What percent profit on each dollar of sales do you think the average company earns after taxes? The average...
-
Researchers have identified mutations in the promoter region of the lacI gene that make it more difficult for the lac operon to be induced. These are called lacIQ mutants, because their effect is...
-
a. Find the exact values of the modulus and argument of z. b. Given that Write z/w in the form re i , where > 0 and < < . z = 4/3 4i w = 22 COS +isin 12 I 12
-
Selected condensed data taken from a recent statement of financial position of Morino Ltd. are as follows. MORINO LTD. Statement of Financial Position (partial) Other current assets...
-
A building was purchased for $100,000 on January 1, 2006. It was estimated to have no salvage value and to have an estimated useful life of 20 years. On January 1, 2011, the estimated useful life was...
-
Use the following information to compute return on sales. Earnings per share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1.67 Cost of goods sold . . . . . . . . . ....
-
For the years 20092011, Robbins Soccer Company had net income and average shares outstanding as follows: What was the percentage of change in earnings per share (EPS) in 2010? In2011? 2011 2010 2009...
-
You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device. The president asked you to review the company's costing system and "do what you can to...
-
American Food Services, Incorporated, acquired a packaging machine from Barton and Barton Corporation. Barton and Barton completed construction of the machine on January 1, 2024. . In payment for the...
-
On April 1, 2022, Guy Comeau and Amelie Lavoi formed a partnership in Ontario. Contribution Profit sharing Cash withdrawal March 20, 2023 Comeau $286,100 cash Lavoi $218,000 land $132,500 building...
Study smarter with the SolutionInn App