We provide evidence demonstrating that the differences in the post earnings-announcement drift in cross-listed shares are attributed to asymmetric information, ...

ABSTRACT. This paper examines whether and how changes in the informa- tion and trading environments of the Shanghai and Hong Kong markets impact the post ...

This study examines the profitability of trading on earnings surprises in the post-earnings-announcement period in the Chinese stock market from 1994 to ...

It describes the drift of a firm's stock price in the direction of the firm's earnings surprise for an extended period of time. Contrary to what the efficient ...

Jun 21, 2024 · This study examines the post-earnings-announcement drift (PEAD) in Chinese A-shares market, focusing on salience theory and menu effects.

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This study examines the profitability of trading on earnings surprises in the post-earnings-announcement period in the Chinese stock market from 1994 to ...

Market Segmentation and Post Earnings Announcement Drift: Evidence from China ... Announcement Drift and Ownership Structure in the Modern Japanese Stock Market.

We investigate whether and how an exogenous and unprecedented improvement in non-U.S. firms' financial-reporting quality affects post-earnings-announcement ...

This heterogeneity in how text about earnings and earnings numbers aggregate underlying data and how market participants react to text and numbers motivates ...