Ahlatcıoğlu, Aykut; Okay, Nesrin - In: Borsa Istanbul Review 21 (2021) 1, pp. 92-103
We study the post-earnings announcement drift (PEAD) anomaly and its determinants in Borsa Istanbul using quarterly earnings announcements and three different surprise measures. We find evidence supportive of the existence of PEAD in the Turkish stock market. Sorting stocks each quarter into...