Intra-industry information transfers: Evidence from earnings announcements

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dc.contributor.authorKovacs, Tundeen
dc.contributor.committeechairKadlec, Gregory B.en
dc.contributor.committeememberGulen, Huseyinen
dc.contributor.committeememberCliff, Michael T.en
dc.contributor.committeememberKumar, Ramanen
dc.contributor.departmentAccounting and Information Systemsen
dc.date.accessioned2014-03-14T20:10:13Zen
dc.date.adate2006-04-28en
dc.date.available2014-03-14T20:10:13Zen
dc.date.issued2006-04-12en
dc.date.rdate2009-04-28en
dc.date.sdate2006-04-20en
dc.description.abstractI examine the role of product market relations in information assimilation surrounding corporate earnings announcements. I provide evidence that intra-industry information transfers measured by industry rival earnings announcements account for a substantial portion of the well documented post-earnings announcement drift. While this evidence appears to be most consistent with rational structural uncertainty [Brav and Heaton (2002)] one cannot rule out the possibility of behavioral biases.en
dc.description.degreePh. D.en
dc.identifier.otheretd-04202006-172121en
dc.identifier.sourceurlhttp://scholar.lib.vt.edu/theses/available/etd-04202006-172121/en
dc.identifier.urihttp://hdl.handle.net/10919/27057en
dc.publisherVirginia Techen
dc.relation.haspartpostearnings_dissertation.pdfen
dc.rightsIn Copyrighten
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/en
dc.subjectPost-earnings driften
dc.subjectProduct market relationsen
dc.subjectIntra-industry information transferen
dc.subjectInformation assimilationen
dc.titleIntra-industry information transfers: Evidence from earnings announcementsen
dc.typeDissertationen
thesis.degree.disciplineAccounting and Information Systemsen
thesis.degree.grantorVirginia Polytechnic Institute and State Universityen
thesis.degree.leveldoctoralen
thesis.degree.namePh. D.en

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