Burghof, Hans-Peter; Johannsen, Matthias - In: Kredit und Kapital 42 (2009) 1, pp. 55-91
Risk Effect versus Delayed Price Response: the Case of the Post-Earnings-Announcement Drift in Germany This paper presents supporting evidence for the post-earnings-announcement drift using annual data on 850 firms listed on the Frankfurt stock exchange for the years 1990 to 2003. Standardized...