Narrow search
Showing 1 - 10 of 17,322
Cover Image
Analyst Interest as an Early Indicator of Firm Fundamental Changes and Stock Returns
Jung, Michael J. - 2017
We posit that a change in analyst interest in a firm is an early indicator of the firm's future fundamentals, capital market activities, and stock returns. We measure increases in analyst interest by observing analysts who do not cover a firm but participate in that firm's earnings conference...
Persistent link: https://www.econbiz.de/10012972900
Cover Image
Analyst Interest as an Early Indicator of Firm Fundamental Changes and Stock Returns
Jung, Michael J. - 2017
We posit that a change in analyst interest in a firm is an early indicator of the firm's future fundamentals, capital market activities, and stock returns. We measure increases in analyst interest by observing analysts who do not cover a firm but participate in that firm's earnings conference...
Persistent link: https://www.econbiz.de/10012975251
Cover Image
Generalized Makeham's Formula and Economic Profitability
Magni, Carlo Alberto - 2015
AVR, which has the same sign as the Net Present Value. This makes (i) AIR a more reliable tool for valuation and decision …This paper generalizes Makeham's formula, allowing for varying interest rates and for a non-flat structure of valuation … rates. An average interest rate (AIR) is introduced, as well as an average valuation rate (AVR), which exist and are unique …
Persistent link: https://www.econbiz.de/10013035016
Cover Image
CAPM and DCF : Does SML Relationship Gives Cost of Equity? – Ex-Ante Stock Returns are Not Same as Implied Discount Rates
Murugesan, Narayanaswamy - 2013
illustrations: Valuation of a firm using DCF Model with time-varying discount rates and Past Valuation data of S&P 500 using DDM …
Persistent link: https://www.econbiz.de/10013081162
Cover Image
CAPM : Correlation and Regression 10 Stocks Comparing With Market Index
Hiranto, Pattaraporn - 2019
This study presents the correlation and regression between ten different selected stocks which are Berkshire Hathaway, America Express, Apple Inc., Ford motors, Cabot Oil Gas, Walmart, Disney, JP Morgan Chase, Unilever Nike and Wilshire 5000 which are listed on NYSE. Henceforth CAPM helps to...
Persistent link: https://www.econbiz.de/10012894507
Cover Image
A look at the actual cost of capital of US firms
Moore, David J. - In: Cogent economics & finance 4 (2016) 1, pp. 1-15
The capital asset pricing model (CAPM) receives both criticism and widespread adoption by practitioners and academics as the weighted average cost of capital (WACC) equity component. This study introduces two new costs of equity measures to address CAPM criticisms and provide new perspective on...
Persistent link: https://www.econbiz.de/10011597398
Cover Image
Corporate Asset Pricing
Brøgger, Andreas - 2022
I show the new fact that Idiosyncratic volatility significantly predicts the convenienceyield. This fact poses a puzzle with current safe asset theories. I develop a new theorythat reconciles this puzzle - a theory I label Corporate Asset Pricing (CAP). CAPexplains 29% of future convenience...
Persistent link: https://www.econbiz.de/10014236410
Cover Image
Private Capital : Expected Return and Risk, Asset Allocation
Verbiest, Eddy H. - 2022
Preqin and Pitchbook data are classified and analyzed to derive a coherent set of risk-return assumptions to combine with Listed liquid assets in a traditional mean-variance framework. We find expected returns of 11%-12% for PE and 8% for PD, PC detailed per subclass. Risk is decomposed in Class...
Persistent link: https://www.econbiz.de/10014238291
Cover Image
Empirical Social Asset Pricing
Hwang, Byoung-Hyoun - 2022
I review the empirical literature on word of mouth (WOM) among investors. I begin with an outline of the empirical challenges that WOM research faces and possible strategies to overcome those challenges. I then discuss recent studies on WOM among retail and institutional investors. The research...
Persistent link: https://www.econbiz.de/10013406015
Cover Image
Cross-Section of asset returns : emerging markets and market integration
Ajrapetova, Tamara - In: European financial and accounting journal : EFAJ 13 (2018) 1, pp. 41-60
Asset pricing in its essence is a very controversial topic. Despite numerous research papers criticising traditional approaches, such as linear factor models, practitioners as well as academics repeatedly return to the milestone models such as the Capital Asset Pricing Model (CAPM), mainly due...
Persistent link: https://www.econbiz.de/10011887581