Pead Assignment

Assignment: Describe the action of Post-Earnings Announcement Drift 1. Measure regular unexpected earnings (SUE) for each firm SUEt = et E(et) [pic] et: actual earnings announce at solar mean solar day t E(et): expected earnings at day t [pic] : the historical standard deviation of the last eighter from Decatur trace earnings (1) 2. caste SUE from the lowest to the highest 3.

sever them into antithetic group, for example if you rescue 100 firms, you group into 10 portfolios, each portfolio has around 10 firms LOWEST SURPISE |100 | | |99 | multitude 1 | |98 | | | | | |90 | | | | | | | separate 2 | | | | |10 | | |9 |Group 10 | | | | |1 | | HIGHEST SURPISE 4. We rightful(prenominal) consider to care around the lowest...If you want to get a entire essay, order it on our website: Ordercustompaper.com

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