Artikel
The impact of earnings-announcement timing on technical analysis signal: The case of Indonesia
This study discusses technical analysis signal and earnings-announcements timing. Technical analysis signal is used to capture price reaction around earnings an-nouncement dates. Technical analysis is selected because it is potential for compet-ing information as fundamental information in emerging market, especially in In-donesian stock market. The longer reporting lag will result in a tendency of bigger information leakage which makes price reaction before announcements stronger. That reaction produces a reliable technical analysis signal. By using Indonesian stock market data, the results show that (1) technical analysis signal generates big-ger (lower) return for late (earlier) reporting, and (2) reporting lag positively affects the performance of technical analysis signal that emerge before annual earnings announcements. These findings indicate a tendency of bigger information leakage for companies that delay earnings announcements. It contributes to building a bridge between technical analysis and earnings-announcement timing studies.
Ven 20160057 | J 657.7 Ven | Perpustakaan A. Yani | Tersedia namun tidak untuk dipinjamkan - No Loan |
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