Similar Search Results

Investment as the Opportunity Cost of Dividend Signaling

Kaplan, Zachary - 2020

We provide evidence that firms with weak investment opportunities (those whose current earnings justify a greater … valuation than firms with strong investment opportunities) signal their permanent earnings level through their dividends. In the … investment opportunities. Intertemporally, when aggregate investment opportunities are worse, firms convey more earnings …

Persistent link: https://www.econbiz.de/10012849148

Asset pricing and impact investing with pro-environmental preferences

Zerbib, Olivier David - 2020

Persistent link: https://www.econbiz.de/10012312117

A forecast evaluation of expected equity return measures

Chin, Michael; Polk, Christopher - 2015

Persistent link: https://www.econbiz.de/10010497568

Speculative Stock Price and Inadequacy of the Implied Cost of Capital as a Proxy for Expected Return

Fong, Robert - 2020

The implied cost of capital (ICC), the internal rate of return that equates speculative stock price to discounted expected future dividends, includes a mispricing-driven component in addition to expected return. The estimated relation of a mispricing-associated factor (X) with ICC is thus a...

Persistent link: https://www.econbiz.de/10012839261

The neglect effect in security beta estimates - an observation of the US stock market from 1933 until 2016

Scheler, Fabian; Ecker, Frank; Werner, Jan - 2017

Persistent link: https://www.econbiz.de/10011921132

Expected stock returns worldwide : a log-linear present-value approach

Chattopadhyay, Akash; Lyle, Matthew R.; Wang, Charley C. Y. - 2018

We provide the first large-scale study of the performance of expected-return proxies (ERPs) internationally. Analyst-forecast-based ICCs are sparsely populated and not robustly associated with future returns. Earnings-model-forecast-based ICCs are well-populated, but are unreliable outside the...

Persistent link: https://www.econbiz.de/10011931329

Essays on corporate disclosures, innovation, and investments

Ahçi, Mustafa - 2023

Persistent link: https://www.econbiz.de/10014415981

Anomalies

Zhang, Lu - 2010

policies and events. Under certain conditions, stock return equals investment return, which is directly tied with firm … relations of future stock returns with market-to-book, investment and disinvestment rates, seasoned equity offerings, tender …

Persistent link: https://www.econbiz.de/10012762464

Anomalies

Zhang, Lu - 2005

Persistent link: https://www.econbiz.de/10012467361

The real costs of industry contagion

Garcia-Appendini, Emilia - 2014 - This draft: June 2014

This paper analyzes whether the financial distress of a firm affects the investment decisions of non … the industry and hence restricting credit access and investment. These average negative effects continue to hold in the …

Persistent link: https://www.econbiz.de/10010410806

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