Information Uncertainty and Post-Earnings-Announcement-Drift

By Jennifer Francis, Ryan Lafond, Per Olsson, Katherine Schipper. 2007

232 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/5db8a2961ce625ba7e97496a5b764c52ee6a5e9d

Citations in the corpus

• Financial reporting complexity and investor underreaction to 10-K information (2009, unknown): “The interaction term of FDR and COMPLEX remains highly significant under all the different model specifications, indicating that the effect of information complexity is different from the information uncertainty effect found in Jiang et al. (2005), Zhang (2006), and Francis et al. (2007) .”
• Do Short Sellers Front-Run Insider Sales? (2013, unknown): “Empirically, Veenman (2012) shows that insider purchase filings trigger greater market reactions for firms with poor earnings quality, suggesting greater revision of beliefs when the accounting information environment is of poor quality (Teoh and Wong 1993; Francis et al. 2007).”