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Using novel earnings calendar data, we show that firms’ advanced scheduling of earnings announcement dates foreshadows their earnings news.
Using Indonesian data over 2007-2011, the results show that technical analysis signal before earnings announcements can produce profit, but signals after earnings announcements do not produce same results.
From the earnings perspective, the evidence on one‐year‐ahead earnings growth is inconclusive, but the results on longer‐term ea...
We also find some evidence that the negative relation between earnings news and market return persists beyond the immediate announcement period, suggesting that market participants do not immediately fully impound these future market return implications of aggregate earnings news.
This provides direct evidence that the 'kink' in the distribution of earnings arises from earnings management.
Our findings demonstrate that Etsy's administrators provide both a platform and scaffolding for community leaders to co-articulate with them the creative ideals they believe will strengthen the bonds of the Etsy community.
We compare the system to non-trivial baselines on a large-scale real world dataset from Etsy, demonstrating the effectiveness of the model and strong correlations between offline experiments and online performance.