Forner, Carlos; Sanabria, Sonia - In: European Accounting Review 19 (2010) 4, pp. 775-815
Our study examines whether behavioural theories can explain post-earnings announcement drift (i.e. earnings momentum) in the Spanish market. In particular, we test models proposed by Barberis et al. (Journal of Financial Economics, 49, pp. 307-343, 1998), Daniel et al. (Journal of Finance,...
