This study tests whether naiuml;ve trading by individual investors, or some class of individual investors, causes post-earnings announcement drift (PEAD). Incon

This study tests whether naïve trading by individual investors, or some class of individual investors, causes post-earnings announcement drift (PEAD). Inconsis

This study focuses on post-earnings-announcement drift in an emerging market and whether it is associated with the trading activity of non-institutional trading

We examine whether the two distinct post-earnings-announcement drifts associated with seasonal random walk-based and analyst-based earnings surprises are attrib