Intra-industry information transfers: Evidence from earnings announcements
| dc.contributor.author | Kovacs, Tunde | en |
| dc.contributor.committeechair | Kadlec, Gregory B. | en |
| dc.contributor.committeemember | Gulen, Huseyin | en |
| dc.contributor.committeemember | Cliff, Michael T. | en |
| dc.contributor.committeemember | Kumar, Raman | en |
| dc.contributor.department | Accounting and Information Systems | en |
| dc.date.accessioned | 2014-03-14T20:10:13Z | en |
| dc.date.adate | 2006-04-28 | en |
| dc.date.available | 2014-03-14T20:10:13Z | en |
| dc.date.issued | 2006-04-12 | en |
| dc.date.rdate | 2009-04-28 | en |
| dc.date.sdate | 2006-04-20 | en |
| dc.description.abstract | I 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.degree | Ph. D. | en |
| dc.identifier.other | etd-04202006-172121 | en |
| dc.identifier.sourceurl | http://scholar.lib.vt.edu/theses/available/etd-04202006-172121/ | en |
| dc.identifier.uri | http://hdl.handle.net/10919/27057 | en |
| dc.publisher | Virginia Tech | en |
| dc.relation.haspart | postearnings_dissertation.pdf | en |
| dc.rights | In Copyright | en |
| dc.rights.uri | http://rightsstatements.org/vocab/InC/1.0/ | en |
| dc.subject | Post-earnings drift | en |
| dc.subject | Product market relations | en |
| dc.subject | Intra-industry information transfer | en |
| dc.subject | Information assimilation | en |
| dc.title | Intra-industry information transfers: Evidence from earnings announcements | en |
| dc.type | Dissertation | en |
| thesis.degree.discipline | Accounting and Information Systems | en |
| thesis.degree.grantor | Virginia Polytechnic Institute and State University | en |
| thesis.degree.level | doctoral | en |
| thesis.degree.name | Ph. D. | en |
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