Investors’ reaction under uncertainty
| dc.contributor.author | Kyaw, K | |
| dc.contributor.author | Olugbode, Mojisola | |
| dc.contributor.author | Petracci, B | |
| dc.date.accessioned | 2022-07-21T15:45:30Z | |
| dc.date.available | 2022-07-21T15:45:30Z | |
| dc.date.issued | 2023-10-07 | |
| dc.identifier.issn | 1350-4851 | |
| dc.identifier.issn | 1466-4291 | |
| dc.identifier.uri | http://hdl.handle.net/10026.1/19430 | |
| dc.description.abstract |
This 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. | |
| dc.format.extent | 2332-2336 | |
| dc.language | en | |
| dc.language.iso | en | |
| dc.publisher | Informa UK Limited | |
| dc.subject | Earnings announcement | |
| dc.subject | earnings surprise | |
| dc.subject | VIX | |
| dc.subject | industry-wide uncertainty | |
| dc.subject | high-tech | |
| dc.title | Investors’ reaction under uncertainty | |
| dc.type | journal-article | |
| dc.type | Journal Article | |
| plymouth.author-url | https://www.webofscience.com/api/gateway?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:000825324700001&DestLinkType=FullRecord&DestApp=ALL_WOS&UsrCustomerID=11bb513d99f797142bcfeffcc58ea008 | |
| plymouth.issue | 17 | |
| plymouth.volume | 30 | |
| plymouth.publication-status | Published online | |
| plymouth.journal | Applied Economics Letters | |
| dc.identifier.doi | 10.1080/13504851.2022.2097165 | |
| plymouth.organisational-group | /Plymouth | |
| plymouth.organisational-group | /Plymouth/Faculty of Arts, Humanities and Business | |
| plymouth.organisational-group | /Plymouth/Faculty of Arts, Humanities and Business/Plymouth Business School | |
| plymouth.organisational-group | /Plymouth/REF 2021 Researchers by UoA | |
| plymouth.organisational-group | /Plymouth/REF 2021 Researchers by UoA/UoA17 Business and Management Studies | |
| plymouth.organisational-group | /Plymouth/Users by role | |
| plymouth.organisational-group | /Plymouth/Users by role/Academics | |
| dc.identifier.eissn | 1466-4291 | |
| dc.rights.embargoperiod | Not known | |
| rioxxterms.versionofrecord | 10.1080/13504851.2022.2097165 | |
| rioxxterms.licenseref.uri | http://www.rioxx.net/licenses/all-rights-reserved | |
| rioxxterms.type | Journal Article/Review |
