Naïve earnings growth extrapolation

Exploiting the unique financial reporting format in China, we document that stocks with the strongest past year-to-date earnings growth experience a significant price run-up of 1.2% during the five trading days before their quarterly earnings announcements and a significant return reversal of -1.35%...

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Bibliographic Details
Main Authors: CUI, Chenyu, LI, Frank Weikai, ZHANG, Xinyi
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2021
Subjects:
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/6804
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Institution: Singapore Management University
Language: English