Seasonal affective disorder and investors’ response to earnings news

作者: Mei-Chen Lin

DOI: 10.1016/J.IRFA.2015.07.003

关键词: EarningsDemographic economicsPost-earnings-announcement driftEarnings surpriseEconomicsLabour economicsAffect (psychology)

摘要: We examined the relationship between seasonal affective disorder (SAD) and investor response to a firm’s quarterly earnings announcements. Our results show that the market’s …

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