Impact of profit warnings on share prices in Finland

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dc.contributorAalto Universityen
dc.contributorAalto-yliopistofi
dc.contributor.advisorShin, Sean
dc.contributor.authorViljakainen, Roope
dc.contributor.departmentRahoituksen laitosfi
dc.contributor.schoolKauppakorkeakoulufi
dc.contributor.schoolSchool of Businessen
dc.date.accessioned2023-01-22T17:01:02Z
dc.date.available2023-01-22T17:01:02Z
dc.date.issued2022
dc.description.abstractI examine both negative and positive profit warnings given in Finland between the years 2007 and 2022 and what their short-term impact on the stock price is. I also examine the differences in stock reactions between positive and negative profit warnings. This study consists of 278 negative and 185 positive profit warnings given in Finland between 1.3.2007 and 11.10.2022. I find a significant abnormal return of 6,11% for positive warnings and a significant abnormal return of -5,24% for negative warnings on the day of the announcement. I also find a statistically significant overreaction of the investors for negative profit warnings.en
dc.format.extent15 + 9
dc.format.mimetypeapplication/pdfen
dc.identifier.urihttps://aaltodoc.aalto.fi/handle/123456789/119023
dc.identifier.urnURN:NBN:fi:aalto-202301221377
dc.language.isoenen
dc.programmeRahoitusen
dc.subject.keywordProfit warningen
dc.subject.keywordMarket reactionen
dc.subject.keywordEarnings announcementen
dc.subject.keywordMarket efficiencyen
dc.titleImpact of profit warnings on share prices in Finlanden
dc.title-
dc.typeG1 Kandidaatintyöfi
dc.type.ontasotBachelor's thesisen
dc.type.ontasotKandidaatintyöfi

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