Wu, Liang; Long, Yunshen; Li, Wenyue; Wu, Bingyan - In: Journal of business economics and management 24 (2023) 1, pp. 37-53
before the actual earnings announcement. The second one is the optimistic bias channel. The optimistic bias channel means … correlated with the stock return through the optimistic bias channel as more self-selection means more optimistic bias as low …