The spring clock change significantly affects how investors respond to companies that reveal unexpected levels of earnings, new research shows.
Researchers say their findings are consistent with sleep-deprived investors mispricing and subsequently revisiting relevant information. The research team hopes the study – published in The European Journal of Finance – will deepen understanding of the effects of sleep deprivation on financial markets.
These high levels of returns are consistent with investors revisiting – and reversing – their initial underreaction to earnings surprises
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो: