Textual analysis of news articles is increasingly important in predicting stock prices. Previous research has intensively utilized the textual analysis of news and other firm-related documents in volatility prediction models. It has been demonstrated that the news may be related to abnormal...

This paper treats the post-earnings announcement drift. Precisely, it revisits the benefits announcement effect using various measurements of surprise unexpected earnings. In addition, this work tries to explain the persistence of post-earnings announcement drift on the financial markets using...

Purpose - The current study aims to investigate the impacts of two behavioral biases, namely, loss aversion and overconfidence on the performance of US companies. First, the impact of loss aversion on the economic performance of companies was assessed. Second, the impact of overconfidence on...