Inflation illusion and post-earnings-announcement drift
Article Abstract:
The cross-sectional implications of the inflation illusion hypothesis of the post-earnings-announcement drift are examined. The hypothesis suggests that firms whose earnings growths are positively related to inflation is undervalued, and whose earnings are negatively related to inflation is overvalued, when stock market investors fail to incorporate inflation in forecasting future earnings growth rates.
Publication Name: Journal of Accounting Research
Subject: Business
ISSN: 0021-8456
Year: 2005
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Conservatism and cross-sectional variation in the post-earnings announcement drift
Article Abstract:
Post-earnings announcement drift (PEAD) anomaly and cross-sectional variation in the standardized unexpected earnings (SUE) autocorrelation pattern, are discussed.
Publication Name: Journal of Accounting Research
Subject: Business
ISSN: 0021-8456
Year: 2006
User Contributions:
Comment about this article or add new information about this topic:
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