Explain in your own words what post announcement drift is. Why is this an anomaly for securities

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Explain in your own words what “post announcement drift” is. Why is this an anomaly for securities market efficiency? Give two behavioural biases that could generate post announcement drift.

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Financial Accounting Theory

ISBN: 978-0132984669

7th edition

Authors: William R. Scott

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Question Posted: Sep 09, 2014 10:53 AM

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Explain in your own words what post announcement drift is. Why is this an anomaly for securities

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Postannouncement drift is the tendency for the share prices of firms that report GN or BN in quarter...View the full answer

Financial Accounting Theory

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