Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Part 4: Inattention and distractions DellaVigna and Pollet (2009) use Friday as a proxy for distractions to study the impact of distractions on the speed

Part 4: Inattention and distractions DellaVigna and Pollet (2009) use Friday as a proxy for distractions to study the impact of distractions on the speed with which returns incorporate the earnings information. Question: Use the quantile methodology, test whether there is less immediate response of stock returns (1) and more drift (2) for announcements on Friday than announcements on other days. Present and explain your results

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions