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 …

This course examines various conceptual and theoretical approaches to accounting,
including the implications of economics and finance on financial reporting. Focusing on …

Big data and artificial intelligence (AI) have transformed the finance industry by altering the
way data and information are generated, processed, and incorporated into decision-making …

We examine how investors interpreted earnings news when the Covid-19 pandemic began.
We argue the pandemic made investors unsure about the earnings news' reliability and …

This paper examines how environmental and social (ES) performance, proxied by related
incidents, affect the managerial and analyst tones in quarterly earnings conference calls and …

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

The existence of post earnings announcement drift (PEAD) depends strongly on whether
stocks' prices are near (far from) their 52-week highs when positive (negative) earnings …

We document that earnings acceleration, defined as the quarter-over-quarter change in
earnings growth, has significant explanatory power for future excess returns. These excess …

We show that the post-earnings announcement drift (PEAD) is stronger for conglomerates
than single-segment firms. Conglomerates, on average, are larger than single segment …

In this article, I provide an overview of existing community-contributed commands for
executing event studies. I assess which command could have been used to conduct event …