Business, Management and Accounting
3 years ago

Earnings Co-movement Weakens Stock Market Response to Quarterly Reports

پیشرفت‌های حسابداری
The effect of Earnings Co-movement on Quarterly Earnings Response Coefficient
Narges Hamidian

Paper Summary

The study looked at how earnings co-movement affects the informativeness of a firm's earnings. They found that when earnings co-move with other firms in the industry, the response to quarterly earnings announcements is weaker. Good news is affected more by earnings co-movement than bad news.

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