Showing 1 - 8 of 8
Persistent link: https://www.econbiz.de/10006844362
Persistent link: https://www.econbiz.de/10006848020
Persistent link: https://www.econbiz.de/10006851342
Persistent link: https://www.econbiz.de/10006851352
Purpose – To test the Miller Price Optimism Model using a new proxy for heterogenous expectations and to examine if high differential stocks behave like glamour stocks and low differential stocks behave like value stocks. Design/methodology/approach – Whisper/analyst forecast differentials...
Persistent link: https://www.econbiz.de/10004964079
Purpose – The purpose of the study was to provide empirical support for the Miller model. The paper proposes the use of the ratio of individual to institutional holdings as a proxy for heterogeneous expectations of security returns. Design/methodology/approach – Both bivariate t-tests and...
Persistent link: https://www.econbiz.de/10004987696
Persistent link: https://www.econbiz.de/10007636991
Purpose – This paper aims to propose a method of forecasting the level of informed trading at merger announcements by permitting liquidity traders to adjust their trading based upon signals from informed traders. Informed traders typically take advantage of their knowledge of forthcoming...
Persistent link: https://www.econbiz.de/10010717470