Degiannakis, Stavros; Giannopoulos, George - In: International Journal of Computational Economics and … 1 (2009) 1, pp. 89-110
The main objective of the paper is to test whether post-earnings announcement drift (PEAD) is a consequence of the presence of self-attribution bias in investors' expectations, regarding permanent earnings. This is the first study to examine empirically this issue, in the sample of Athens Stock...