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Scholarship in finance has paid relatively little attention to the role of culture in financial decision … power of culture for these investment biases and outline several new potential directions for research …
Persistent link: https://www.econbiz.de/10013023517
Persistent link: https://www.econbiz.de/10009724317
election outcomes. Prediction market prices have been shown to be consistently accurate forecasts of these outcomes, but we don … incentives to acquire information about the outcome, thus tend to have better forecasts. Moreover, their trades have larger …
Persistent link: https://www.econbiz.de/10011490362
in time through the posterior probability. Our findings show that (1) DMA improves forecasts compared to other frameworks … posteriori-Wahrscheinlichkeit, welche Prädiktoren zu verschiedenen Zeitpunkten für die Prognose relevant waren. Unsere Ergebnisse … zeigen, dass (1) DMA die Prognose im Vergleich zu anderen Verfahren verbessert und (2) dass die Goldpreisprädiktoren sich …
Persistent link: https://www.econbiz.de/10010417235
document larger increases in analyst coverage, larger reductions in earnings forecast error, and more significant improvements … still has significant beneficial effects on stocks' trading and informational environment, even in a world where the great …
Persistent link: https://www.econbiz.de/10013131644
We review the literature on return and cash flow growth predictability form the perspective of the present-value identity. We focus predominantly on recent work. Our emphasis is on U.S. aggregate stock return predictability, but we also discuss evidence from other asset classes and countries
Persistent link: https://www.econbiz.de/10013132300
factors. This paper builds a theoretical model to forecast excess returns on treasury bonds in the context of China's unique …
Persistent link: https://www.econbiz.de/10013133733
Prior studies provide only limited evidence on how and why investors rely on analyst forecasts. We investigate one … aspect of this research paradigm by examining investor response to analyst forecast revisions using accounting restatements … convey about forecast accuracy inrestatement firms than in non-restatement firms. The evidence also suggests that the level …
Persistent link: https://www.econbiz.de/10013138792
perverse. Controlling for forecast accuracy, analysts making bold forecasts are more likely to win the tournaments measured by … by tournament incentives, may not always produce forecasts based on the best use of their private information …
Persistent link: https://www.econbiz.de/10013115181
the factors which influence the forecast decision on shares of the companies. The P/E ratio, dividend yield, return on …' forecast in emerging CSE. The stock analysts forecast decision more concern on firm dividend than capital gain. We … indicators of the return sort, volatility of shares have a significant impact on perfect investment decision. The emerging …
Persistent link: https://www.econbiz.de/10013115296