Abstract The “Post-Earnings-Announcement Drift” refers to an anomaly in financial markets.
It describes the drift of a firm's stock price in the direction of the firm's earnings surprise for an …

Using a sample of listed firms in China during the period of 2007–2015, this paper
investigates how financial distress influences the choice of earnings management methods …

A four-factor model with two “mispricing” factors, in addition to market and size factors,
accommodates a large set of anomalies better than notable four-and five-factor alternative …

Accruals are the non-cash component of earnings. They represent adjustments made to
cash flows to generate a profit measure largely unaffected by the timing of receipts and …

Buying is easier than shorting for many equity investors. Combining this arbitrage
asymmetry with the arbitrage risk represented by idiosyncratic volatility (IVOL) explains the …

This study explores the role of investor sentiment in a broad set of anomalies in cross-
sectional stock returns. We consider a setting in which the presence of market-wide …

Penelitian ini bertujuan untuk menganalisis pengaruh kinerja keuangan yang mencakup
rasio likuiditas, leverage, profitabilitas, aktivitas, arus kas, dan ukuran perusahaan yang …

This paper shows that investments based on deep learning signals extract profitability from
difficult-to-arbitrage stocks and during high limits-to-arbitrage market states. In particular …

This study try to explore various parameters pertinent to credit risk management as it affect
banks 'financial performance. Such parameters covered in the study were; default rate, cost …

Momentum in individual stock returns relates to momentum in factor returns. Most factors are
positively autocorrelated: the average factor earns a monthly return of six basis points …