On the Anomalous Stock Price Response to Management Earnings Forecasts

Material TypeArticleLanguageEnglish
TitleOn the Anomalous Stock Price Response to Management Earnings Forecasts Author(S)Somnath Das (Author)
Abstract  This paper examines stock price formation subsequent to management forecasts of quarterly earnings. In the post-announcement period, we find a significant upward price drift for both good news forecasts and bad news forecasts. Combined with the asymmetry in the initial market response ...Paginationp905–935
SubjectEconomicsDescriptorsEconomics
Journal TitleJournal of Business Finance & Accounting  
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