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Investors’ reaction under uncertainty

dc.contributor.authorKyaw, Khine
dc.contributor.authorOlugbode, Mojisola
dc.contributor.authorPetracci, Barbara
dc.date.accessioned2023-01-23T13:00:05Z
dc.date.available2023-01-23T13:00:05Z
dc.date.created2022-09-23T17:42:36Z
dc.date.issued2022
dc.identifier.issn1350-4851
dc.identifier.urihttps://hdl.handle.net/11250/3045359
dc.description.abstractThis study investigates investors’ reaction to good/bad earnings news when faced with market- and industry-wide uncertainties. Our results provide little support for the discount rate explanation that investors’ reaction to good news is dampened during high market volatility. However, the results strongly support the learning hypothesis that earnings news provides value-relevant information for investors during periods of high-market volatility, but that investors cannot learn as much from earnings news under industry-wide uncertainty. These findings also support the conservation hypothesis that investors react more strongly to bad earnings news when faced with market-wide uncertainty.en_US
dc.language.isoengen_US
dc.publisherTaylor & Francisen_US
dc.rightsNavngivelse 4.0 Internasjonal*
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/deed.no*
dc.titleInvestors’ reaction under uncertaintyen_US
dc.title.alternativeInvestors’ reaction under uncertaintyen_US
dc.typePeer revieweden_US
dc.typeJournal articleen_US
dc.description.versionpublishedVersionen_US
dc.source.journalApplied Economics Lettersen_US
dc.identifier.doihttps://doi.org/10.1080/13504851.2022.2097165
dc.identifier.cristin2054983
cristin.ispublishedtrue
cristin.fulltextoriginal
cristin.qualitycode1


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Except where otherwise noted, this item's license is described as Navngivelse 4.0 Internasjonal