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The Impact of Earnings Announcements on Stock Prices: An Event Study for the London Stock Exchange
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In this article, the authors focus on the earnings announcements and investigate financial market efficiency, post earnings announcement drift and the presence of abnormal returns during the assessed period and show a picture in time of stock price impacts when information is released to financial markets.Abstract:
The period of 2010-2012 was characterized by information uncertainty and market volatility. Information uncertainty is a critical characteristic of financial market behavior. The ability to absorb and distribute information is central to financial market efficiency. Uncertain corporate earnings information causes stock price volatility which in turn impacts stock price equilibrium levels. An event study shows a picture in time of stock price impacts when information isreleased to financial markets. This picture can give indications of the levels of financial market efficiency. This event study focusses on the earnings announcements and investigates financial market efficiency, post earnings announcement drift and the presence of abnormal returns during the assessed period. This study seeks to add to the existing literature of event studies.read more
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Understanding Incentivized Mobile App Installs on Google Play Store
Shehroze Farooqi,Álvaro Feal,Tobias Lauinger,Damon McCoy,Zubair Shafiq,Narseo Vallina-Rodriguez +5 more
TL;DR: In this paper, the authors identify incentivized install campaigns that require users to install an app and perform in-app tasks targeting manipulation of a wide variety of user engagement metrics (e.g., daily active users, user session length) and revenue.
Share price reaction to earnings announcement on the London Stock Exchange
TL;DR: This chapter discusses the literature review, methodology, and conclusions that were reached in the second part of this book about physical evidence of climate change in Europe and Africa.
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Benford’s Law and Stock Market—The Implications for Investors: The Evidence from India Nifty Fifty:
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Divulgação do Informe de Governança Corporativa (ICVM 586) e o Impacto no Retorno da Ação
Rafael Siqueira Mingone,Cristiane Lana Silva,José Carlos Marion,Neusa Maria Bastos Fernandes Dos Santos +3 more
TL;DR: In this paper, the authors identify if there was an impact on the return of the companies that issued the governance report based on this new instruction, and show that the disclosure event of the corporate governance report had a statistically significant impact on stock returns of only a group of companies surveyed.
Posted Content
Divulgações de informações e o efeito no retorno de ações da maior empresa de educação listada na B3 (Brasil, Bolsa, Balcão) [Information disclosures and the effect on the return of stocks of the largest education company listed on B3 (Brasil, Bolsa, Balcão)]
Liliane Vicentina Gomes,José Odálio dos Santos,Cristiane Lana Silva,Maurício Ferreira de Souza +3 more
TL;DR: In this article, a pesquisa analisa a reacao do mercado a divulgacao de informacoes sobre a maior instituicao de educacao listada na B3.
References
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Journal ArticleDOI
Post-earnings-announcement Drift in the UK
TL;DR: In this paper, the authors test for post-earnings announcement drift in the non-US market using alternative earnings surprise measures based on: (i) the time-series of earnings; (ii) market prices; and (iii) analyst forecasts.
Journal ArticleDOI
On the validity of the weak-form efficient markets hypothesis applied to the London stock exchange
TL;DR: In this paper, the validity of the weak form of the efficient markets hypothesis (EMH) is tested for the FTSE 30 share index during a period when government economic policy towards the financial markets was relatively unchanging.
Journal ArticleDOI
The Impact of Analysts' Forecast Errors and Forecast Revisions on Stock Prices
TL;DR: In this paper, the association between stock returns, quarterly earnings forecast errors, and quarter-ahead and year-ahead earnings forecast revisions has been analyzed, showing that forecast errors and the two forecast revisions have significant effects on stock prices, indicating each conveys information content.
Journal ArticleDOI
Arbitrage pricing model : a critical examination of its empirical applicability for the London Stock Exchange
Journal ArticleDOI
Abnormal returns for cash vs share funded acquisitions
TB Mushidzhi,Michael Ward +1 more
TL;DR: In this article, the authors present an analysis of the abnormal returns for cash vs share funded acquisitions in the context of share-funded acquisitions and propose an alternative approach to deal with the problem.