Levis and Liodakis (2001) concludethat positive and negative earnings surprises have an asymmetrical effect onthe returns of low- and high-rated stocks in the U.K. The objective of thisstudy is to contribute to the literature by adding this missing piece. Thefocus is on the U.S. technology sector as it has attracted significant publicinterest in recent years…

• 65 views
• 0