Prior work shows that both short sales and put options contain information about future stock prices. In this study, we … compare the return predictability in short sales to the return predictability in put options. The motivation for this … comparison is based on the theoretical argument that informed traders can choose between short sales and put options when …

’s expectation of Enron’s risk of collapse. I find that the options market remained far too optimistic about the stock until just …

In this paper, we propose an empirically-based, non-parametric option pricing model to evaluate S&P 500 index options …

relevance in valuation in a nonlinear framework. The analysis shows that forecasting relevance does not imply valuation … relevance even though valuation irrelevance is implied by forecasting irrelevance. Firstly, I consider an accounting information … where a “core” earnings component is the relevant earnings construct for valuation and the second earnings component is …

The separate associations between financial leverage and valuation and between diversification and valuation have been … widely researched. The joint function of leverage, diversification, and valuation, however, has received much less attention …

disclosure should outweigh the costs. We compared the valuation revisions associated with spin-off announcements of firms with … previous line of business disclosures to valuation revisions of firms making spin-off announcements without these disclosures … disclosures, while the valuation revisions for firms with previous line-of-business disclosure information persisted. Copyright …