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 natural experiment (the SEC's 2016 Tick Size Pilot Program), we investigate the
effects of an increase in tick size on financial reporting quality. The tick size pilot program …

This paper examines the impact of corruption culture on accounting quality (AQ) of listed
firms at the municipal level in China. We consider municipalities with (without) corrupt top …

This paper revisits price formation following earnings announcements. In modern financial
markets, stock prices fully reflect earnings surprises on the announcement date, leading to …

We investigate how cognitive dissonance arising from interactions between sentiment and
culture affects momentum and post‐earnings‐announcement‐drift (PEAD). We focus on …

This is the first study to explore the impact of Indonesia's adoption of International Financial
Reporting Standards (IFRS) on information flow and stock price informativeness throughout …

We investigate three key research questions related to firms' engagement in tax haven
activities:(1) the relationship between firm profitability pressures and tax haven …

Earnings communication conferences in China have become the main platform for direct
communication between listed firms and individual investors. This study investigates …

Abstract Non-Deal Roadshows (NDRs) are among the most valuable channels of
management access; however, little is known about the implications of the information …

Post-earnings-announcement drift (PEAD) has declined significantly in recent decades, and
the prevailing explanation is that increased arbitraging activities have led to its attenuation …