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Funding for research into post-earnings-announcement drift

posted Mar 21, 2019, 3:51 AM by Stefan Palan   [ updated Mar 21, 2019, 3:55 AM ]
The Austrian Science Fund (FWF) has decided to fund my joint grant application with Erik Theissen, titled "Experiments on the Post-Earnings-Announcement Drift". In this research proposal, we plan to study the causes and mechanisms behind the phenomenon that stock prices tend to drift upward (downward) over extended periods of time following positive (negative) earnings news. Given the funding now granted, my team and I will be able to hire a PhD student to conduct experiments to explore several potential explanations for why post-earnings-announcement drift occurs.