Investor Inattention and Friday Earnings Announcements

By Stefano DellaVigna, Joshua Pollet. 2009

1,621 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/787072a1f6a1ca163746b21bc30f8ef1b94543d8

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Citations in the corpus

Does the Scope of the Sell-Side Analyst Industry Matter? An Examination of Bias, Accuracy, and Information Content of Analyst Reports: Does the Scope of the Sell-Side Analyst Industry Matter? (2017, neutral): “For this portion of the analysis, we use a 2006 vintage of the I/B/E/S data.”
Why Do Individual Investors Disregard Accounting Information? The Roles of Information Awareness and Acquisition Costs (2018, positive): “Inattentive investors who are unaware of their informational disadvantage will continue to trade rather than withdrawing from the market (DellaVigna & Pollet 2009; Hirshleifer et al. 2011).”
Psychology-based Models of Asset Prices and Trading Volume (2018, background): “DellaVigna and Pollet (2009) show that, on average, there is more post-earnings announcement drift when a firm announces earnings on a Friday; the interpretation is that, with the weekend coming up, investors are less attentive.”
Winners in the Spotlight: Media Coverage of Fund Holdings as a Driver of Flows (2014, background): “Consistent with this view, media coverage has been associated with a quicker incorporation of information into stock prices (DellaVigna and Pollet, 2009), a lower cost of capital (Fang and Peress, 2009), and lower information asymmetry between investors and firms (Tetlock, 2010).”
Attention allocation and return co-movement: Evidence from repeated natural experiments (2019, background): “Similarly, DellaVigna and Pollet (2009) find that investor inattention affects stock prices by comparing the”
Stock Returns after Major Price Shocks: The Impact of Information (2012, background): “Most of this work argues that limited investor attention causes underreaction (Hirshleifer and Teoh, 2003; DellaVigna and Pollet, 2007, 2009), which leads to drift in stock prices.12 My ndings suggest that limited attention may not always lead to underreaction.”
Attracting investor attention through advertising (2014, background): “For an incomplete list, see Huberman and Regev (2001); Hong, Torous, and Valkanov (2007); Hou (2007); Cohen and Frazzini (2008); DellaVigna and Pollet (2009); Hirshleifer, Lim, and Teoh (2009).”
The Impact of Brand Quality on Shareholder Wealth (2011, neutral): “Consequently, investors, in general, react positively to unanticipated increases in current-period earnings (e.g., Dellavigna and Pollet 2009).”
Asset Price Dynamics with Slow-Moving Capital (2010, background): “…in processing information for purposes of investment decisions are also in evidence from “price momentum” following fundamental news, as documented empirically by Chan (2003), Engelberg, Reed, and Ringgenberg (2010), Dellavigna and Pollet (2009), and Cohen and Lou (2010), among others.”