Barinov, Alexander; Park, Shawn Saeyeul; Yildizhan, Celim - Volkswirtschaftliche Fakultät, … - 2014
The paper shows that the post earnings announcement drift is stronger for conglomerates, despite conglomerates being … about complex firms and show that the post earnings announcement drift is positively related to measures of conglomerate … complexity. We also find that the post earnings announcement drift is stronger for new conglomerates than it is for existing …