Stock price reaction to earnings information:
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Sternenfels
Verl. Wissenschaft & Praxis
2010
|
| Series: | Studienreihe der Stiftung Kreditwirtschaft an der Universität Hohenheim
47 |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | 167 S. graph. Darst. |
| ISBN: | 9783896734815 |
Staff View
MARC
| LEADER | 00000nam a2200000 cb4500 | ||
|---|---|---|---|
| 001 | BV036053472 | ||
| 003 | DE-604 | ||
| 005 | 20100901 | ||
| 007 | t | ||
| 008 | 100226s2010 gw d||| |||| 00||| eng d | ||
| 015 | |a 10,N05 |2 dnb | ||
| 016 | 7 | |a 999729969 |2 DE-101 | |
| 020 | |a 9783896734815 |c PB. : EUR 58.00 |9 978-3-89673-481-5 | ||
| 024 | 3 | |a 9783896734815 | |
| 035 | |a (OCoLC)633821543 | ||
| 035 | |a (DE-599)DNB999729969 | ||
| 040 | |a DE-604 |b ger |e rakddb | ||
| 041 | 0 | |a eng | |
| 044 | |a gw |c XA-DE-BW | ||
| 049 | |a DE-355 |a DE-12 | ||
| 082 | 0 | |a 332.632220151953 |2 22/ger | |
| 084 | |a QK 620 |0 (DE-625)141668: |2 rvk | ||
| 084 | |a 330 |2 sdnb | ||
| 100 | 1 | |a Johannsen, Matthias |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Stock price reaction to earnings information |c Matthias Johannsen |
| 264 | 1 | |a Sternenfels |b Verl. Wissenschaft & Praxis |c 2010 | |
| 300 | |a 167 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 1 | |a Studienreihe der Stiftung Kreditwirtschaft an der Universität Hohenheim |v 47 | |
| 648 | 7 | |a Geschichte 1990-2003 |2 gnd |9 rswk-swf | |
| 650 | 0 | 7 | |a Anteilseigner |0 (DE-588)4211515-2 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Marktinformation |0 (DE-588)4135110-1 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Aktienkauf |0 (DE-588)4408956-9 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Aktienkurs |0 (DE-588)4141736-7 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Aktiengesellschaft |0 (DE-588)4000937-3 |2 gnd |9 rswk-swf |
| 651 | 7 | |a Deutschland |0 (DE-588)4011882-4 |2 gnd |9 rswk-swf | |
| 689 | 0 | 0 | |a Deutschland |0 (DE-588)4011882-4 |D g |
| 689 | 0 | 1 | |a Aktiengesellschaft |0 (DE-588)4000937-3 |D s |
| 689 | 0 | 2 | |a Marktinformation |0 (DE-588)4135110-1 |D s |
| 689 | 0 | 3 | |a Aktienkurs |0 (DE-588)4141736-7 |D s |
| 689 | 0 | 4 | |a Anteilseigner |0 (DE-588)4211515-2 |D s |
| 689 | 0 | 5 | |a Aktienkauf |0 (DE-588)4408956-9 |D s |
| 689 | 0 | 6 | |a Geschichte 1990-2003 |A z |
| 689 | 0 | |5 DE-604 | |
| 830 | 0 | |a Studienreihe der Stiftung Kreditwirtschaft an der Universität Hohenheim |v 47 |w (DE-604)BV000900011 |9 47 | |
| 856 | 4 | 2 | |m DNB Datenaustausch |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=018945106&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-018945106 | ||
Record in the Search Index
| _version_ | 1804141092525834240 |
|---|---|
| adam_text | TABLE OF CONTENTS TABLE OF CONTENTS TABLE OF CONTENTS 5 TABLES , 8
FIGURES 9 APPENDICES 10 ABBREVIATIONS AND VARIABLES 11 1. PROBLEM
OUTLINE 17 2. INVESTIGATION OF THE POST-EARNINGS-ANNOUNCEMENT DRIFT IN
GERMANY .... 21 2.1 INTRODUCTION 21 2.2 CURRENT STATE OF ACADEMIC
DISCUSSION 22 2.2.1 THE CONCEPT OF MARKET EFFICIENCY 22 2.2.2 THE
POST-EARNINGS-ANNOUNCEMENT DRIFT 22 2.2.2.1 IMPLICATIONS FOR MARKET
EFFICIENCY 22 2.2.2.2 SUMMARY OF EVIDENCE 23 2.2.3 EXISTING EXPLANATIONS
FOR THE POST-EARNINGS-ANNOUNCEMENT DRIFT 26 2.2.4 COMMENTARY ON EXISTING
EXPLANATIONS 27 2.3 RESEARCH DESIGN 29 2.3.1 RESEARCH METHODOLOGY 29
2.3.2 CONSIDERED VARIABLES FOR A RISK-BASED INVESTIGATION 33 2.3.3
HYPOTHESES DEVELOPMENT 36 2.4 SAMPLE CONSTRUCTION 37 2.4.1 DATA
COLLECTION 37 2.4.2 VARIABLE COMPUTATION 37 2.4.2.1 UNEXPECTED EARNINGS
37 2.4.2.2 UNEXPECTED EARNINGS PORTFOLIO FORMATION 40 2.4.2.3
RISK-RELATED VARIABLES 41 2.4.2.4 ABNORMAL RETURNS ; 43 2.5 DATA
ANALYSIS 45 2.5.1 INVESTIGATION OF HYPOTHESIS 1 45 2.5.1.1 CUMULATIVE
ABNORMAL RETURNS OF UNEXPECTED EARNINGS PORTFOLIOS 45 2.5.1.2
SIGNIFICANCE TESTS OF THE CUMULATIVE ABNORMAL RETURNS 50 2.5.2
INVESTIGATION OF HYPOTHESIS 2 58 BIBLIOGRAFISCHE INFORMATIONEN
HTTP://D-NB.INFO/999729969 DIGITALISIERT DURCH TABLE OF CONTENTS 2.5.3
INVESTIGATION OF HYPOTHESIS 3 60 2.5.3.1 ANALYSIS OF COVARIANCE 61
2.5.3.2 SUB-SAMPLES BASED ON SIZE AND BOOK-TO-MARKET RATIO 66 2.6
CONCLUSION 72 3. INVESTIGATION OF THE CAPITAL MARKET REACTION TO
EARNINGS MANAGEMENT .... 75 3.1 INTRODUCTION 75 3.2 CURRENT STATE OF
ACADEMIC DISCUSSION 76 3.2.1 GENERAL CONCEPT OF EARNINGS MANAGEMENT 76
3.2.2 INCENTIVES OF EARNINGS MANAGEMENT 77 3.2.2.1 TYPES OF INCENTIVES
77 3.2.2.2 INCENTIVES OF OPPORTUNISTIC EARNINGS MANAGEMENT 78 3.2.2.3
INCENTIVES OF INFORMATIVE EARNINGS MANAGEMENT 81 3.2.3 CAPITAL MARKET
REACTION TO EARNINGS MANAGEMENT 82 3.2.3.1 CONCEALING EFFECT OF EARNINGS
MANAGEMENT 82 3.2.3.2 INFORMATIVE EFFECT OF EARNINGS MANAGEMENT 83 3.2.4
SUMMARY 84 3.3 RESEARCH DESIGN 84 3.3.1 THEORETICAL CONSIDERATIONS 84
3.3.2 HYPOTHESES DEVELOPMENT 86 3.3.3 RESEARCH METHODOLOGY 88 3.4 SAMPLE
CONSTRUCTION 90 3.4.1 DATA COLLECTION 90 3.4.2 VARIABLE COMPUTATION 91
3.4.2.1 EARNINGS MANAGEMENT VARIABLES 91 3.4.2.1.1 DIFFERENT APPROACHES
TO MEASURE EARNINGS MANAGEMENT 91 3.4.2.1.2 COMMENT ON THE DIFFERENT
APPROACHES 95 3.4.2.1.3 USED MEASURES OF EARNINGS MANAGEMENT 98 3.4.2.2
EARNINGS INFORMATIVENESS VARIABLES 100 3.4.2.3 CONTROL VARIABLES 107
3.4.2.4 ABSOLUTE CUMULATIVE ABNORMAL RETURNS 109 3.5 DATA ANALYSIS 111
3.5. TABLE OF CONTENTS 7 4. SUMMARY 137 4.1 MAIN RESULTS 137 4.2
IMPLICATIONS FOR MARKET PARTICIPANTS 138 4.3 IMPLICATIONS FOR ACCOUNTING
STANDARD SETTERS 139 4.4 IMPLICATIONS FOR FUTURE RESEARCH 139 REFERENCES
141 APPENDICES 155
|
| any_adam_object | 1 |
| author | Johannsen, Matthias |
| author_facet | Johannsen, Matthias |
| author_role | aut |
| author_sort | Johannsen, Matthias |
| author_variant | m j mj |
| building | Verbundindex |
| bvnumber | BV036053472 |
| classification_rvk | QK 620 |
| ctrlnum | (OCoLC)633821543 (DE-599)DNB999729969 |
| dewey-full | 332.632220151953 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.632220151953 |
| dewey-search | 332.632220151953 |
| dewey-sort | 3332.632220151953 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| era | Geschichte 1990-2003 gnd |
| era_facet | Geschichte 1990-2003 |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02265nam a2200553 cb4500</leader><controlfield tag="001">BV036053472</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20100901 </controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">100226s2010 gw d||| |||| 00||| eng d</controlfield><datafield tag="015" ind1=" " ind2=" "><subfield code="a">10,N05</subfield><subfield code="2">dnb</subfield></datafield><datafield tag="016" ind1="7" ind2=" "><subfield code="a">999729969</subfield><subfield code="2">DE-101</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9783896734815</subfield><subfield code="c">PB. : EUR 58.00</subfield><subfield code="9">978-3-89673-481-5</subfield></datafield><datafield tag="024" ind1="3" ind2=" "><subfield code="a">9783896734815</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)633821543</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)DNB999729969</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rakddb</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="044" ind1=" " ind2=" "><subfield code="a">gw</subfield><subfield code="c">XA-DE-BW</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-355</subfield><subfield code="a">DE-12</subfield></datafield><datafield tag="082" ind1="0" ind2=" "><subfield code="a">332.632220151953</subfield><subfield code="2">22/ger</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QK 620</subfield><subfield code="0">(DE-625)141668:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">330</subfield><subfield code="2">sdnb</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Johannsen, Matthias</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Stock price reaction to earnings information</subfield><subfield code="c">Matthias Johannsen</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Sternenfels</subfield><subfield code="b">Verl. Wissenschaft & Praxis</subfield><subfield code="c">2010</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">167 S.</subfield><subfield code="b">graph. Darst.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="1" ind2=" "><subfield code="a">Studienreihe der Stiftung Kreditwirtschaft an der Universität Hohenheim</subfield><subfield code="v">47</subfield></datafield><datafield tag="648" ind1=" " ind2="7"><subfield code="a">Geschichte 1990-2003</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Anteilseigner</subfield><subfield code="0">(DE-588)4211515-2</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Marktinformation</subfield><subfield code="0">(DE-588)4135110-1</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Aktienkauf</subfield><subfield code="0">(DE-588)4408956-9</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Aktienkurs</subfield><subfield code="0">(DE-588)4141736-7</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Aktiengesellschaft</subfield><subfield code="0">(DE-588)4000937-3</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="651" ind1=" " ind2="7"><subfield code="a">Deutschland</subfield><subfield code="0">(DE-588)4011882-4</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="689" ind1="0" ind2="0"><subfield code="a">Deutschland</subfield><subfield code="0">(DE-588)4011882-4</subfield><subfield code="D">g</subfield></datafield><datafield tag="689" ind1="0" ind2="1"><subfield code="a">Aktiengesellschaft</subfield><subfield code="0">(DE-588)4000937-3</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="2"><subfield code="a">Marktinformation</subfield><subfield code="0">(DE-588)4135110-1</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="3"><subfield code="a">Aktienkurs</subfield><subfield code="0">(DE-588)4141736-7</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="4"><subfield code="a">Anteilseigner</subfield><subfield code="0">(DE-588)4211515-2</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="5"><subfield code="a">Aktienkauf</subfield><subfield code="0">(DE-588)4408956-9</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="6"><subfield code="a">Geschichte 1990-2003</subfield><subfield code="A">z</subfield></datafield><datafield tag="689" ind1="0" ind2=" "><subfield code="5">DE-604</subfield></datafield><datafield tag="830" ind1=" " ind2="0"><subfield code="a">Studienreihe der Stiftung Kreditwirtschaft an der Universität Hohenheim</subfield><subfield code="v">47</subfield><subfield code="w">(DE-604)BV000900011</subfield><subfield code="9">47</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="m">DNB Datenaustausch</subfield><subfield code="q">application/pdf</subfield><subfield code="u">http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=018945106&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA</subfield><subfield code="3">Inhaltsverzeichnis</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-018945106</subfield></datafield></record></collection> |
| geographic | Deutschland (DE-588)4011882-4 gnd |
| geographic_facet | Deutschland |
| id | DE-604.BV036053472 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T22:10:23Z |
| institution | BVB |
| isbn | 9783896734815 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-018945106 |
| oclc_num | 633821543 |
| open_access_boolean | |
| owner | DE-355 DE-BY-UBR DE-12 |
| owner_facet | DE-355 DE-BY-UBR DE-12 |
| physical | 167 S. graph. Darst. |
| publishDate | 2010 |
| publishDateSearch | 2010 |
| publishDateSort | 2010 |
| publisher | Verl. Wissenschaft & Praxis |
| record_format | marc |
| series | Studienreihe der Stiftung Kreditwirtschaft an der Universität Hohenheim |
| series2 | Studienreihe der Stiftung Kreditwirtschaft an der Universität Hohenheim |
| spelling | Johannsen, Matthias Verfasser aut Stock price reaction to earnings information Matthias Johannsen Sternenfels Verl. Wissenschaft & Praxis 2010 167 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Studienreihe der Stiftung Kreditwirtschaft an der Universität Hohenheim 47 Geschichte 1990-2003 gnd rswk-swf Anteilseigner (DE-588)4211515-2 gnd rswk-swf Marktinformation (DE-588)4135110-1 gnd rswk-swf Aktienkauf (DE-588)4408956-9 gnd rswk-swf Aktienkurs (DE-588)4141736-7 gnd rswk-swf Aktiengesellschaft (DE-588)4000937-3 gnd rswk-swf Deutschland (DE-588)4011882-4 gnd rswk-swf Deutschland (DE-588)4011882-4 g Aktiengesellschaft (DE-588)4000937-3 s Marktinformation (DE-588)4135110-1 s Aktienkurs (DE-588)4141736-7 s Anteilseigner (DE-588)4211515-2 s Aktienkauf (DE-588)4408956-9 s Geschichte 1990-2003 z DE-604 Studienreihe der Stiftung Kreditwirtschaft an der Universität Hohenheim 47 (DE-604)BV000900011 47 DNB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=018945106&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Johannsen, Matthias Stock price reaction to earnings information Studienreihe der Stiftung Kreditwirtschaft an der Universität Hohenheim Anteilseigner (DE-588)4211515-2 gnd Marktinformation (DE-588)4135110-1 gnd Aktienkauf (DE-588)4408956-9 gnd Aktienkurs (DE-588)4141736-7 gnd Aktiengesellschaft (DE-588)4000937-3 gnd |
| subject_GND | (DE-588)4211515-2 (DE-588)4135110-1 (DE-588)4408956-9 (DE-588)4141736-7 (DE-588)4000937-3 (DE-588)4011882-4 |
| title | Stock price reaction to earnings information |
| title_auth | Stock price reaction to earnings information |
| title_exact_search | Stock price reaction to earnings information |
| title_full | Stock price reaction to earnings information Matthias Johannsen |
| title_fullStr | Stock price reaction to earnings information Matthias Johannsen |
| title_full_unstemmed | Stock price reaction to earnings information Matthias Johannsen |
| title_short | Stock price reaction to earnings information |
| title_sort | stock price reaction to earnings information |
| topic | Anteilseigner (DE-588)4211515-2 gnd Marktinformation (DE-588)4135110-1 gnd Aktienkauf (DE-588)4408956-9 gnd Aktienkurs (DE-588)4141736-7 gnd Aktiengesellschaft (DE-588)4000937-3 gnd |
| topic_facet | Anteilseigner Marktinformation Aktienkauf Aktienkurs Aktiengesellschaft Deutschland |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=018945106&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV000900011 |
| work_keys_str_mv | AT johannsenmatthias stockpricereactiontoearningsinformation |