Rest in Peace Post-Earnings Announcement Drift

I thank the Editor Ivo Welch and the anonymous referee for insightful comments. I am further thankful to Pat Akey, Vincent Bogousslavsky, Dana Boyko, Murray Carlson, David Chapman, Kevin Crotty, Olivier Dessaint, Adlai Fisher, Mike Gellemeyer, Andrey Golubov, Vincent Grégoire, Dale Griffin, Michael Hasler, Terry Hendershott, Jiri Knesl, Ali Lazrak, Jiasun Li, Andrew Lo, Russell Lundholm, Ryan Riordan, Mike Simutin, Kumar Venkataraman, Yan Xiong, and seminar participants at the UBC Finance and Accounting divisions, the Vancouver School of Economics, HEC Montréal, University of Virginia, Temple University, University of Colorado Boulder, Nanyang Technology University, University of Melbourne, University of Toronto Finance and Accounting divisions, Rice University, McGill University, Binghamton SUNY, and CICF 2018 for their comments and suggestions. Abdennour Aissaoui provided excellent research assistance. I acknowledge financial support from the Montreal Exchange (Bourse de Montréal), Bank of Montreal Capital Group, Canadian Securities Institute Research Foundation, and the Social Sciences and Humanities Research Council of Canada (SSHRC).