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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...

Persistent link: https://www.econbiz.de/10012315966

Earnings autocorrelation and the post-earnings-announcement drift : experimental evidence

Fink, Josef; Palan, Stefan; Theissen, Erik - 2020

Persistent link: https://www.econbiz.de/10012309456

Earnings Autocorrelation and the Post-Earnings-Announcement Drift – Experimental Evidence

Fink, Josef; Palan, Stefan; Theissen, Erik - 2020

Persistent link: https://www.econbiz.de/10014352181

All Is Not Lost that Is Delayed : Overconfidence and Investment Decisions

Betzer, André - 2019

managerial overconfidence and investment policy in small and medium-sized firms. We construct direct estimates of managerial … evidence on the determinants of failed (downsized, delayed or abandoned) corporate investment projects. Controlling for socio …-demographic variables and firm characteristics, we find that investment projects planned by overconfident managers are more likely to fail …

Persistent link: https://www.econbiz.de/10012902479

All is not lost that is delayed : overconfidence and investment outcomes

Betzer, André; Bongard, Inga van den; Schweder, Felix W.; … - In: Review of managerial science : RMS 17 (2023) 7, pp. 2297-2324

Persistent link: https://www.econbiz.de/10014335771

Performance and market share: Evidence from the German mutual fund industry

Krahnen, Jan Pieter; Schmid, Frank A.; Theissen, Erik - 1997

may react to past fund performance when making their investment decisions. We estimated a model relating past performance …

Persistent link: https://www.econbiz.de/10010317371

Performance and market share: Evidence from the German mutual fund industry

Krahnen, Jan Pieter; Schmid, Frank A.; Theissen, Erik - Center for Financial Studies - 1997

may react to past fund performance when making their investment decisions. We estimated a model relating past performance …

Persistent link: https://www.econbiz.de/10010958570

Performance and market share : evidence from the German mutual fund industry

Krahnen, Jan Pieter; Schmid, Frank A.; Theissen, Erik - 1997 - First version - May 1997

may react to past fund performance when making their investment decisions. We estimated a model relating past performance …

Persistent link: https://www.econbiz.de/10009768858

Who Knows What When? - The Information Content of Pre-IPO Market Prices

Löfffler, Gunter; Panther, Patrick F.; Theissen, Erik - 2002

To resolve the IPO underpricing puzzle it is essential to analyze who knows what when during the issuing process. In Germany, broker-dealers make a market in IPOs during the subscription period. We examine these pre-issue prices and find that they are highly informative. They are closer to the...

Persistent link: https://www.econbiz.de/10005844556

Does Anonymity Matter in Electronic Limit Order Markets?

Foucault, Thierry; Moinas, Sophie; Theissen, Erik - 2005

An vielen Börsen sind heute elektronische Handelssysteme im Einsatz, die nach dem Auktionsprinzip funktionieren. Limitierte Aufträge werden dabei in einem Orderbuch zusammengefaßt, das von den Handelsteilnehmern eingesehen werden kann. In vielen Handelssystemen (darunter Xetra) werden dabei...

Persistent link: https://www.econbiz.de/10005854126