Advances in Quantitative Analysis of Finance and Accounting, Volume 7 (Advances in Quantitative Analysis of Finance and Accounting)
Publisher: JAI Press
Published: June 1, 1999
Language: eng
Format: Hardcover
Number of pages: 224
ISBN-13: 9780762305643
Subjects: Finance; Financial accounting; Econometrics; Business & Economics; Business / Economics / Finance; Business/Economics; Business & Economics / Econometrics
First sentence: In spite of extensive claims that the stock market is efficient with respect to publicly available information (see Fama 1970, 1991), one of the most puzzling evidence inconsistent with the efficient market hypothesis has been the post-earnings announcement drift.