---
title: Retail Investor Reaction to Earnings
url: https://www.ml-quant.com/papers/ssrn/4445396/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 4445396
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4445396
featured: 2023-05-24
citations: unknown
topic: Other
---


# Retail Investor Reaction to Earnings

Novice retail investors' attention-driven trades can cause stock returns to drift upward after earnings announcements.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4445396
- Identifier: SSRN 4445396
- Released: 2023-05-11
- First featured: Quant Letter No. 1 (2023-05-24): https://www.ml-quant.com/issues/2023-05-24/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Other

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