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.
The team studied a large sample of earnings announcements, made between 1993 and 2018, in the wake of the spring clocks reset.Unexpected increases in earnings within the target group were then compared with a control group of similar companies that had announced financial results exactly one week earlier.
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
출처: itvnews - 🏆 69. / 61 더 많은 것을 읽으십시오 »