Add to ORKGPsychological evidence indicates that it is hard to process multiple stimuli and perform multiple tasks at the same time. This paper tests the INVESTOR DISTRACTION HYPOTHESIS, which holds that the arrival of extraneous news causes trading and market prices to react sluggishly to relevant news about a firm. Our test focuses on the competition for investor attention between a firm's earnings announcements and the earnings announcements of other firms. We find that the immediate stock price and volume reaction to a firm's earnings surprise is weaker, and post-earnings announcement drift is stronger, when a greater number of earnings announcements by other firms are made on the same day. Distracting news has a stronger effect on firms that rece...
This paper investigates empirically the nature of the interactions between mass media, investor atte...
This study examines whether combining previously identified explanations of post earnings-announceme...
This study examined the relation between the volume of earnings disclosures by firms and aggregate s...
Psychological evidence indicates that it is hard to process multiple stimuli and perform multiple ta...
Do firms release news strategically in response to investor inattention? We consider news about earn...
In theory, all relevant information is incorporated in stock prices timely and completely and theref...
The topic of limited investor attention and its effects on capital markets, has increasingly capture...
This study replicates a key part of the paper by Huang et al. (2019) using the original framework an...
One explanation for the phenomenon of stock price drift involves the limitations of investors’ atten...
This paper tests asset pricing implications of the investor attention shift hypothesis proposed in r...
We study how the arrival of macro-news affects the stock market’s ability to incorporate the informa...
This dissertation examines the factors that influence investors' attention to the stock market and t...
Conference Name:International Conference on Electronic Commerce and Business Intelligence. Conferenc...
In this thesis, I investigate the role of investor attention in financial markets by examining the m...
This study examines how the release of multiple firms’ earnings announcements on the same day combin...
This paper investigates empirically the nature of the interactions between mass media, investor atte...
This study examines whether combining previously identified explanations of post earnings-announceme...
This study examined the relation between the volume of earnings disclosures by firms and aggregate s...
Psychological evidence indicates that it is hard to process multiple stimuli and perform multiple ta...
Do firms release news strategically in response to investor inattention? We consider news about earn...
In theory, all relevant information is incorporated in stock prices timely and completely and theref...
The topic of limited investor attention and its effects on capital markets, has increasingly capture...
This study replicates a key part of the paper by Huang et al. (2019) using the original framework an...
One explanation for the phenomenon of stock price drift involves the limitations of investors’ atten...
This paper tests asset pricing implications of the investor attention shift hypothesis proposed in r...
We study how the arrival of macro-news affects the stock market’s ability to incorporate the informa...
This dissertation examines the factors that influence investors' attention to the stock market and t...
Conference Name:International Conference on Electronic Commerce and Business Intelligence. Conferenc...
In this thesis, I investigate the role of investor attention in financial markets by examining the m...
This study examines how the release of multiple firms’ earnings announcements on the same day combin...
This paper investigates empirically the nature of the interactions between mass media, investor atte...
This study examines whether combining previously identified explanations of post earnings-announceme...
This study examined the relation between the volume of earnings disclosures by firms and aggregate s...