Jiang, Danling; Song, Pan; Zhu, Hongquan - In: China journal of accounting research : CJAR 16 (2023) 2, pp. 1-18
We examine whether management earnings forecasts (MEFs) help reduce the stock return seasonality associated with … earnings seasonality around earnings announcements (EAs) in Chinese A-share markets. We find that firms in historically low … of investors' tendency to extrapolate earnings seasonality and its resulted stock mispricing. …