We study the post-earnings announcement drift (PEAD) anomaly and its determinants in Borsa Istanbul using quarterly earnings announcements and three different surprise measures. We find evidence supportive of the existence of PEAD in the Turkish stock market. Sorting stocks each quarter into...

Purpose - The purpose of this paper is to assess the information value of earnings announcements for the 2007-2017 period in Borsa Istanbul. Design/methodology/approach - Abnormal volatility (AVOL) and abnormal absolute return (AAR) in the three-day window around the earnings announcement are...

Purpose - The purpose of this paper is to assess the information value of earnings announcements for the 2007-2017 period in Borsa Istanbul. Design/methodology/approach - Abnormal volatility (AVOL) and abnormal absolute return (AAR) in the three-day window around the earnings announcement are...