| Type of Document |
Dissertation |
| Author |
Kovacs, Tunde
|
| URN |
etd-04202006-172121 |
| Title |
Intra-industry information transfers: Evidence from earnings announcements |
| Degree |
PhD |
| Department |
Accounting and Information Systems |
| Advisory Committee |
| Advisor Name |
Title |
| Gregory B. Kadlec |
Committee Chair |
| Huseyin Gulen |
Committee Member |
| Michael T. Cliff |
Committee Member |
| Raman Kumar |
Committee Member |
|
| Keywords |
- Post-earnings drift
- Product market relations
- Intra-industry information transfer
- Information assimilation
|
| Date of Defense |
2006-04-12 |
| Availability |
restricted |
Abstract
I examine the role of product market relations in information assimilation surrounding corporate earnings announcements. I provide evidence that intra-industry information transfers measured by industry rival earnings announcements account for a substantial portion of the well documented post-earnings announcement drift. While this evidence appears to be most consistent with rational structural uncertainty [Brav and Heaton (2002)] one cannot rule out the possibility of behavioral biases.
|
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| Filename |
Size |
Approximate Download Time
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|
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ISDN (64 Kb) |
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postearnings_dissertation.pdf |
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