Senteney, David L.; Gao, Hua; Bazaz, Mohammad S. - In: International Journal of Accounting, Auditing and … 1 (2004) 2, pp. 143-163
This research investigates whether the post-earnings announcement equity security price return drift is monotonic but (1) at a different rate than at the time of the earnings announcement, and (2) at different rates for positive unexpected earnings and negative unexpected earnings. Our results...