title: Market uncertainty, market sentiment, and the post-earnings announcement drift

authors: Bird, Ron

subjects: anomalies

abstract: Post-earnings announcement drift (PEAD) which was first identified over 40 years ago seems to be as much alive today as it ever was. Numerous attempts have been made to explain its continued existence. In this paper we provide evidence to support a new explanation: that the PEAD is a reflection of the level of market uncertainty and sentiment that prevails during the post-announcement period. The overriding conclusion from our analysis is that both uncertainty and sentiment play a central role in determining investor behaviour and it is this behaviour that ultimately determines the pricing that is observed in financial markets.

text: Market uncertainty, market sentiment, and the post-earnings announcement drift Post-earnings announcement drift (PEAD) which was first identified over 40 years ago seems to be as much alive today as it ever was. Numerous attempts have been made to explain its continued existence. In this paper we provide evidence to support a new explanation: that the PEAD is a reflection of the level of market uncertainty and sentiment that prevails during the post-announcement period. The overriding conclusion from our analysis is that both uncertainty and sentiment play a central role in determining investor behaviour and it is this behaviour that ultimately determines the pricing that is observed in financial markets.

year: 2013

title: John A. Westgate - Global tephrochronologist, stratigrapher, mentor

authors: Froese, Duane G.

subjects: tephra

abstract: The growth of tephra studies and tephrochronology as a field of research in the last four decades owes an enormous debt to the contributions of John Westgate. John has been one of the clear leaders of this field over this time. Through a career spanning some 40 years, he has been instrumental in the development of research techniques that have led to the global expansion of tephra studies. In particular, he has stressed a multi-proxy approach to tephrochronology, requiring the careful application of glass composition, petrology, and the understanding of field settings and stratigraphy in the development of robust tephrostratigraphic frameworks (Fig. 1 and Fig. 2). In turn, these techniques and records have helped to solve some of the most complex and longstanding problems in the geosciences, geoarchaeology, and other disciplines. John has had a major impact in all countries where he has worked, where he has been a committed researcher, leading and encouraging in his usual fashion and always publishing high-quality and groundbreaking papers that will be used for generations to come. Here we provide a brief summary of John's exceptional career, documenting his very substantial influence on tephra studies worldwide.

text: John A. Westgate - Global tephrochronologist, stratigrapher, mentor The growth of tephra studies and tephrochronology as a field of research in the last four decades owes an enormous debt to the contributions of John Westgate. John has been one of the clear leaders of this field over this time. Through a career spanning some 40 years, he has been instrumental in the development of research techniques that have led to the global expansion of tephra studies. In particular, he has stressed a multi-proxy approach to tephrochronology, requiring the careful application of glass composition, petrology, and the understanding of field settings and stratigraphy in the development of robust tephrostratigraphic frameworks (Fig. 1 and Fig. 2). In turn, these techniques and records have helped to solve some of the most complex and longstanding problems in the geosciences, geoarchaeology, and other disciplines. John has had a major impact in all countries where he has worked, where he has been a committed researcher, leading and encouraging in his usual fashion and always publishing high-quality and groundbreaking papers that will be used for generations to come. Here we provide a brief summary of John's exceptional career, documenting his very substantial influence on tephra studies worldwide.

year: 2008

title: Romeo and Tusi: An eclectically musical Samoan/Māori Romeo and Juliet from Aotearoa/New Zealand

authors: Houlahan, Mark

subjects: Romeo and Tusi

abstract: Is there a distinctive New Zealand Shakespeare? What ‘new’ approaches to Shakespeare have originated from New Zealand? This article explores the issue by contextualising a version of Romeo and Juliet staged successfully throughout New Zealand in the late 1990s. The production is set against the background of the history of Shakespeare in New Zealand, which goes back to the arrival of Captain Cook on the Endeavour in 1769.

Pacific Underground's Romeo and Tusi sought a looser and more populist kind of Shakespeare performance. They used the conceit of rehearsing the play at high school, where a Māori Romeo and a Samoan Juliet cross community boundaries. Drawing on several music genres, and performing outdoors, they generated a Shakespeare that audiences from a diverse range of ethnic and cultural communities could enjoy.

text: Romeo and Tusi: An eclectically musical Samoan/Māori Romeo and Juliet from Aotearoa/New Zealand Is there a distinctive New Zealand Shakespeare? What ‘new’ approaches to Shakespeare have originated from New Zealand? This article explores the issue by contextualising a version of Romeo and Juliet staged successfully throughout New Zealand in the late 1990s. The production is set against the background of the history of Shakespeare in New Zealand, which goes back to the arrival of Captain Cook on the Endeavour in 1769.

Pacific Underground's Romeo and Tusi sought a looser and more populist kind of Shakespeare performance. They used the conceit of rehearsing the play at high school, where a Māori Romeo and a Samoan Juliet cross community boundaries. Drawing on several music genres, and performing outdoors, they generated a Shakespeare that audiences from a diverse range of ethnic and cultural communities could enjoy.

year: 2009