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
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม: