Q: What is post-earnings announcement drift (PEAD)?
What is post-earnings announcement drift (PEAD)?
See AnswerQ: In late 1990s, the “Wyden Amendment” was stricken from
In late 1990s, the “Wyden Amendment” was stricken from the Crime Bill passed by Congress. The amendment would have required reporting by auditors on internal controls. Letters sent by FEI members oppo...
See AnswerQ: Why does post-earnings announcement drift appear to be more pronounced
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 s...
See AnswerQ: What is the incomplete revelation hypothesis?
What is the incomplete revelation hypothesis?
See AnswerQ: Suppose an accounting event occurs and there is no market reaction
Suppose an accounting event occurs and there is no market reaction. What should we conclude?
See AnswerQ: Give some examples in which accounting information is not the most timely
Give some examples in which accounting information is not the most timely source of information affecting security prices.
See AnswerQ: Instead of employing capital markets research techniques (e.g.,
Instead of employing capital markets research techniques (e.g., event studies) why don’t we just ask investors how they would react to a hypothetical event? Why don’t we ask managers why they make spe...
See AnswerQ: Why is it important to improve the quality of accounting standards?
Why is it important to improve the quality of accounting standards?
See AnswerQ: What do pensions have to do with a company’s operating performance?
What do pensions have to do with a company’s operating performance? What do pensions have to do with the firm’s financing and investment decisions?
See AnswerQ: There is evidence that investors do not fully recognize the valuation effects
There is evidence that investors do not fully recognize the valuation effects of severe pension underfunding. (See for example Franzoni, Francesco and José M. Marín (2006). Why do you suppose this is...
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