Market Reactions to Earnings Announcements
Autor Duc Khuong Nguyen, Thanh Huong Dinhen Limba Engleză Hardback – 17 mai 2012
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Specificații
ISBN-13: 9780230277748
ISBN-10: 0230277748
Pagini: 256
Dimensiuni: 141 x 222 x 28 mm
Greutate: 0.45 kg
Ediția:New.
Editura: Palgrave MacMillan
Locul publicării:Basingstoke, United Kingdom
ISBN-10: 0230277748
Pagini: 256
Dimensiuni: 141 x 222 x 28 mm
Greutate: 0.45 kg
Ediția:New.
Editura: Palgrave MacMillan
Locul publicării:Basingstoke, United Kingdom
Descriere
The study of market reaction around earnings announcements is central to the understanding of investor's behavior. Traditional finance theory assumes that investors are rational, and their behavior is objective. But, since investor rationality is not confirmed by facts and cognitive psychology plays an undeniable role in the exhaustive understanding of human behavior, a more effective tool rather than traditional models based on the concept of capital market efficiency might be required to gauge investor's behavior. The use of experimental method is, in this case, particularly advantageous in that it allows us to take both the psychological and irrational parameters of market operators into account.
This book provides an in-depth investigation into market anomalies and market reactions to earnings announcements from an experimental perspective. It discusses various experimental designs and modeling techniques needed by finance researchers and practitioners to analyze the dynamic behavior of markets and operators.
This book provides an in-depth investigation into market anomalies and market reactions to earnings announcements from an experimental perspective. It discusses various experimental designs and modeling techniques needed by finance researchers and practitioners to analyze the dynamic behavior of markets and operators.
Cuprins
Introduction
Earnings Announcements and Market Reactions
Anomalous Market Reactions
Dynamic Reactions of Experimental Financial Markets
Underreaction and Overreaction of Experimental Markets
Investor's Divergence of Expectations and Trading Volume
Financial Analysts' Forecasts and Market Reactions
Future of Experimental Method in Finance
Earnings Announcements and Market Reactions
Anomalous Market Reactions
Dynamic Reactions of Experimental Financial Markets
Underreaction and Overreaction of Experimental Markets
Investor's Divergence of Expectations and Trading Volume
Financial Analysts' Forecasts and Market Reactions
Future of Experimental Method in Finance
Notă biografică
DUC KHUONG NGUYEN Professor of Finance and a Chairperson of the Department of Finance and Information Systems at ISC Paris School of Management, France. His research papers are published and forthcoming in refereed journals such as Economic Modelling, Macroeconomic Dynamics, Journal of Banking and Finance, and Journal of International Money and Finance.
THANH HUONG DINH Associate Researcher in Finance at the University of East Paris Créteil Val-de-Marne, France (Institute for Management Science) and Senior Consultant in Capital Markets and Risk Management at Accenture, France. She has published several articles in refereed journals such as American Journal of Finance and Accounting, BMI (Bankers, Markets and Investors), and Energy Policy.
THANH HUONG DINH Associate Researcher in Finance at the University of East Paris Créteil Val-de-Marne, France (Institute for Management Science) and Senior Consultant in Capital Markets and Risk Management at Accenture, France. She has published several articles in refereed journals such as American Journal of Finance and Accounting, BMI (Bankers, Markets and Investors), and Energy Policy.
Caracteristici
Presents and discusses new research findings and their implications
Unique in that it treats behavioural finance from an experimental perspective
Illustrates how investors can take their psychological attributes into consideration when making investment decisions
Unique in that it treats behavioural finance from an experimental perspective
Illustrates how investors can take their psychological attributes into consideration when making investment decisions