Pead Assignment

Assignment: Describe the procedure of Post-Earnings Announcement Drift 1. standard streamer unexpected payment (SUE) for distributively firm SUEt = et E(et) [pic] et: true(a) earnings announced at solar day t E(et): expected earnings at day t [pic] : the diachronic standard deviation of the last eight trace earnings (1) 2. Rank SUE from the lowest to the highest 3.

Separate them into antithetic group, for face if you have 100 firms, you group into 10 portfolios, e ach portfolio has near 10 firms LOWEST SURPISE |100 | | |99 | multitude 1 | |98 | | | | | |90 | | | | | | |Group 2 ! | | | | |10 | | |9 |Group 10 | | | | |1 | | HIGHEST SURPISE 4. We just consider to bid about the lowest...If you want to get a entire essay, nightspot it on our website: BestEssayCheap.com

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