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Do Contented Customers Make Shareholders Wealthy? - Implications of Intangibles for Security Pricing
Theissen, Erik; Zimmermann, Lukas - 2021
We explore the relation between customer satisfaction and security returns. Firms with high customer satisfaction levels earn significant abnormal returns. This result is robust to variations of model specification and test methodology. Additional tests do not reveal evidence of systematic...
Persistent link: https://www.econbiz.de/10013251585
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Earnings announcement timing in selected equity markets
Brandner, Jürgen; Theissen, Erik; Palan, Stefan - 2023
Persistent link: https://www.econbiz.de/10014387870
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Earnings autocorrelation and the post-earnings-announcement drift : experimental evidence
Fink, Josef; Palan, Stefan; Theissen, Erik - 2020
Persistent link: https://www.econbiz.de/10012418369
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Earnings autocorrelation and the post-earnings-announcement drift : experimental evidence
Fink, Josef; Palan, Stefan; Theissen, Erik - 2020
Post-earnings-announcement drift (PEAD) is one of the most solidly documented asset pricing anomalies. We use the … controlled conditions of an experimental lab to investigate whether earnings autocorrelation is the driving cause of this anomaly …. We observe PEAD in settings with uncorrelated and correlated earnings surprises, implying that earnings autocorrelation …
Persistent link: https://www.econbiz.de/10012309456
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Do contented customers make shareholders wealthy? Implications of intangibles for security pricing
Theissen, Erik; Zimmermann, Lukas - 2020
We explore the relation between customer satisfaction and security returns. Firms with high customer satisfaction levels earn significant abnormal returns. This result is robust to variations of model specification and test methodology. Additional tests do not reveal evidence of systematic...
Persistent link: https://www.econbiz.de/10012416699
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Do contented customers make shareholders wealthy? : implications of intangibles for security pricing
Theissen, Erik; Zimmermann, Lukas - 2020
We explore the relation between customer satisfaction and security returns. Firms with high customer satisfaction levels earn significant abnormal returns. This result is robust to variations of model specification and test methodology. Additional tests do not reveal evidence of systematic...
Persistent link: https://www.econbiz.de/10012387257
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Earnings Autocorrelation and the Post-Earnings-Announcement Drift – Experimental Evidence
Fink, Josef; Palan, Stefan; Theissen, Erik - 2020
Post-earnings-announcement drift (PEAD) is one of the most solidly documented asset pricing anomalies. We use the … controlled conditions of an experimental lab to investigate whether earnings autocorrelation is the driving cause of this anomaly …. We observe PEAD in settings with uncorrelated and correlated earnings surprises, implying that earnings autocorrelation …
Persistent link: https://www.econbiz.de/10014352181
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Trading frictions and the post-earnings-announcement drift
Fink, Josef; Palan, Stefan; Theissen, Erik - 2021
Persistent link: https://www.econbiz.de/10012516494
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Insider trading and portfolio structure in experimental asset markets with a long lived asset
Krahnen, Jan Pieter - 1997
Persistent link: https://www.econbiz.de/10000975211
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Price discovery in floor and screen trading systems
Theissen, Erik - 2001
We analyze price discovery in floor-based and electronic exchanges using data from the German stock market. We find that both markets contribute to price discovery. There is bidirectional Granger causality, and prices from both markets adjust to deviations from the long-run equilibrium. We use...
Persistent link: https://www.econbiz.de/10011540052