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Title: Can liquidity account for post-earnings-announcement drift?
Author: Ma, Jingling
ISNI:       0000 0001 3614 6333
Awarding Body: University of Manchester
Current Institution: University of Manchester
Date of Award: 2007
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The apparent predictability of stock return following an earnings announcement is a persistent and well-documented anomaly that seems to be in conflict with the market efficiency hypothesis. It remains uncovered to date. This thesis investigates the relation between the post-earnings-announcement drift anomaly and liquidity over the period 1972-2004. The results show that liquidity is fundamentally associated with the post-earnings-announcement drift.Management and Business Studies
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available