{"id":"https://openalex.org/W3123061579","doi":"https://doi.org/10.1016/j.jbankfin.2020.105774","title":"Can mutual funds profit from post earnings announcement drift? The role of competition","display_name":"Can mutual funds profit from post earnings announcement drift? The role of competition","publication_year":2020,"publication_date":"2020-02-06","ids":{"openalex":"https://openalex.org/W3123061579","doi":"https://doi.org/10.1016/j.jbankfin.2020.105774","mag":"3123061579"},"language":"en","primary_location":{"id":"doi:10.1016/j.jbankfin.2020.105774","doi":"https://doi.org/10.1016/j.jbankfin.2020.105774","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.jbankfin.2020.105774","pdf_url":null,"source":{"id":"https://openalex.org/S2876017","display_name":"Journal of Banking & Finance","issn_l":"0378-4266","issn":["0378-4266","1872-6372"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1","jufo-2","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Banking &amp; Finance","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5005234228","display_name":"Ashiq Ali","orcid":"https://orcid.org/0000-0003-2387-3499","observed_orcids":["https://orcid.org/0000-0003-2387-3499","https://orcid.org/0000-0002-6213-2725"]},"institutions":[{"id":"https://openalex.org/I162577319","display_name":"The University of Texas at Dallas","ror":"https://ror.org/049emcs32","country_code":"US","type":"education","lineage":["https://openalex.org/I162577319"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Ashiq Ali","raw_affiliation_strings":["University of Texas at Dallas, United States"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Texas at Dallas, United States","institution_ids":["https://openalex.org/I162577319"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5082667195","display_name":"Xuanjuan Chen","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I181679659","display_name":"Shanghai University of Finance and Economics","ror":"https://ror.org/00wtvfq62","country_code":"CN","type":"education","lineage":["https://openalex.org/I181679659"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Xuanjuan Chen","raw_affiliation_strings":["Shanghai University of Finance and Economic, Shanghai, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Shanghai University of Finance and Economic, Shanghai, China","institution_ids":["https://openalex.org/I181679659"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5102938664","display_name":"Tong Yao","orcid":"https://orcid.org/0000-0002-7626-0023","observed_orcids":["https://orcid.org/0000-0002-7626-0023"]},"institutions":[{"id":"https://openalex.org/I126307644","display_name":"University of Iowa","ror":"https://ror.org/036jqmy94","country_code":"US","type":"education","lineage":["https://openalex.org/I126307644"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Tong Yao","raw_affiliation_strings":["University of Iowa, United States"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Iowa, United States","institution_ids":["https://openalex.org/I126307644"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5021847789","display_name":"Tong Yu","orcid":"https://orcid.org/0009-0005-0212-8862","observed_orcids":["https://orcid.org/0009-0005-0212-8862","https://orcid.org/0000-0002-2248-5577"]},"institutions":[{"id":"https://openalex.org/I63135867","display_name":"University of Cincinnati","ror":"https://ror.org/01e3m7079","country_code":"US","type":"education","lineage":["https://openalex.org/I63135867"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Tong Yu","raw_affiliation_strings":["University of Cincinnati, 2906 Woodside Drive Cincinnati, OH 45221, United States"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Cincinnati, 2906 Woodside Drive Cincinnati, OH 45221, United States","institution_ids":["https://openalex.org/I63135867"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":4,"corresponding_author_ids":["https://openalex.org/A5021847789"],"corresponding_institution_ids":["https://openalex.org/I63135867"],"apc_list":{"value":1950,"currency":"USD","value_usd":1950},"apc_paid":null,"fwci":3.6367,"has_fulltext":false,"cited_by_count":23,"citation_normalized_percentile":{"value":0.93551387,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"114","issue":null,"first_page":"105774","last_page":"105774"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":1.0,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":1.0,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.0,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.0,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/post-earnings-announcement-drift","display_name":"post-earnings announcement drift","score":0.9639999866485596},{"id":"https://openalex.org/keywords/mutual-fund-performance","display_name":"mutual fund performance","score":0.7639999985694885},{"id":"https://openalex.org/keywords/market-competition","display_name":"market competition","score":0.753000020980835},{"id":"https://openalex.org/keywords/illiquid-stocks","display_name":"illiquid stocks","score":0.8019999861717224},{"id":"https://openalex.org/keywords/mispricing","display_name":"mispricing","score":0.7910000085830688},{"id":"https://openalex.org/keywords/informational-advantage","display_name":"information advantage","score":0.7680000066757202},{"id":"https://openalex.org/keywords/trading-strategy-profitability","display_name":"trading strategy profitability","score":0.5329999923706055}],"concepts":[{"id":"https://openalex.org/C129361004","wikidata":"https://www.wikidata.org/wiki/Q2470236","display_name":"Profitability index","level":2,"score":0.6701482534408569},{"id":"https://openalex.org/C91306197","wikidata":"https://www.wikidata.org/wiki/Q45767","display_name":"Competition (biology)","level":2,"score":0.6532174348831177},{"id":"https://openalex.org/C2781426361","wikidata":"https://www.wikidata.org/wiki/Q5326940","display_name":"Earnings","level":2,"score":0.591256856918335},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.57146817445755},{"id":"https://openalex.org/C147808555","wikidata":"https://www.wikidata.org/wiki/Q7233519","display_name":"Post-earnings-announcement drift","level":4,"score":0.5160498023033142},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4992399215698242},{"id":"https://openalex.org/C2777064782","wikidata":"https://www.wikidata.org/wiki/Q791974","display_name":"Mutual fund","level":2,"score":0.4399823248386383},{"id":"https://openalex.org/C181622380","wikidata":"https://www.wikidata.org/wiki/Q26911","display_name":"Profit (economics)","level":2,"score":0.41543906927108765},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.3946973383426666},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3562178611755371},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.327098548412323},{"id":"https://openalex.org/C206217203","wikidata":"https://www.wikidata.org/wiki/Q1134378","display_name":"Earnings per share","level":3,"score":0.12430888414382935},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.11703556776046753},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1016/j.jbankfin.2020.105774","doi":"https://doi.org/10.1016/j.jbankfin.2020.105774","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.jbankfin.2020.105774","pdf_url":null,"source":{"id":"https://openalex.org/S2876017","display_name":"Journal of Banking & Finance","issn_l":"0378-4266","issn":["0378-4266","1872-6372"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1","jufo-2","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Banking &amp; Finance","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:eee:jbfina:v:114:y:2020:i:c:s037842662030042x","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/S037842662030042X","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":67,"referenced_works":["https://openalex.org/W16136587","https://openalex.org/W1499663703","https://openalex.org/W1513172979","https://openalex.org/W1596216439","https://openalex.org/W1973315392","https://openalex.org/W1988756976","https://openalex.org/W1995172097","https://openalex.org/W1995409889","https://openalex.org/W1995834279","https://openalex.org/W2030896546","https://openalex.org/W2031110821","https://openalex.org/W2033096392","https://openalex.org/W2038224101","https://openalex.org/W2044758379","https://openalex.org/W2060741810","https://openalex.org/W2103679355","https://openalex.org/W2104559023","https://openalex.org/W2104795328","https://openalex.org/W2111255674","https://openalex.org/W2118046516","https://openalex.org/W2118989259","https://openalex.org/W2130659611","https://openalex.org/W2135390081","https://openalex.org/W2136120210","https://openalex.org/W2139417618","https://openalex.org/W2142043708","https://openalex.org/W2151353604","https://openalex.org/W2153381244","https://openalex.org/W2155369257","https://openalex.org/W2165723500","https://openalex.org/W2169143810","https://openalex.org/W2280131726","https://openalex.org/W2299195693","https://openalex.org/W2579208618","https://openalex.org/W2606860516","https://openalex.org/W3021190191","https://openalex.org/W3021302892","https://openalex.org/W3022326679","https://openalex.org/W3121317163","https://openalex.org/W3121401171","https://openalex.org/W3121404877","https://openalex.org/W3121840645","https://openalex.org/W3121842469","https://openalex.org/W3122068073","https://openalex.org/W3122075419","https://openalex.org/W3122163517","https://openalex.org/W3122365139","https://openalex.org/W3122935760","https://openalex.org/W3123242051","https://openalex.org/W3123250782","https://openalex.org/W3123451865","https://openalex.org/W3123760756","https://openalex.org/W3123829300","https://openalex.org/W3123921709","https://openalex.org/W3124176564","https://openalex.org/W3124192291","https://openalex.org/W3124277734","https://openalex.org/W3124554394","https://openalex.org/W3124591263","https://openalex.org/W3124910102","https://openalex.org/W3125181431","https://openalex.org/W3125350408","https://openalex.org/W3125681532","https://openalex.org/W3125789827","https://openalex.org/W3214898841","https://openalex.org/W4246390368","https://openalex.org/W4254814954"],"related_works":["https://openalex.org/W1566709410","https://openalex.org/W4247497791","https://openalex.org/W2023356874","https://openalex.org/W4408816295","https://openalex.org/W2153381244","https://openalex.org/W2905936731","https://openalex.org/W632696630","https://openalex.org/W4255808500","https://openalex.org/W4401880759","https://openalex.org/W2185700410"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":3},{"year":2024,"cited_by_count":3},{"year":2023,"cited_by_count":6},{"year":2022,"cited_by_count":4},{"year":2021,"cited_by_count":2},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":1}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2021-02-01T00:00:00"}
