Chapter 1 Introductio
Chapter 2 Literature Review
2.1 Introduction
2.2 Model Misspecification as an Explanation of Drift
2.3 Delayed Response as an Explanation of Drift
2.4 Firm-Specific Attributes Affecting the Dynamics of Drifts
Chapter 3 Research Design and Data
3.1 Standardized Unexpected Earnings(SUE)
3.2 Earnings Surprise
3.3 Cumulative Abnormal Returns
3.4 Control Variables
3.5 Sample Selection
Chapter 4 Empirical Results
4.1 Main Analysis
4.2 Robustness Checks
Chapter5 Conclusion
References