Investors' Under-Reaction to Accounting Earnings News Announcements Stochastic Frontier Model
Capital markets react to various corporate announcements, and one such significant announcement is the accounting earnings announcement. If the market is efficient, stock price is near to fair value. Otherwise, the gap between value and price widens and investors could earn abnormal return. Market r...
| Main Authors: | , , |
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| Format: | Article |
| Language: | fas |
| Published: |
Alzahra University
2013-09-01
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| Series: | راهبرد مدیریت مالی |
| Subjects: | |
| Online Access: | http://jfm.alzahra.ac.ir/article_959_8e378b7e0ddc951e74db1bfbea19e023.pdf |