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This article analyzes the manifold situations in which the efficient-market hypothesis (EMH) has influenced — or has failed to influence — federal securities regulation and state corporate law, and the prospective roles for the EMH in these contexts. In federal securities regulation, the EMH...
Persistent link: https://www.econbiz.de/10013100915
exchange rates dynamics in the foreign currencies exchange markets in the classic finances theory; 3) the description on the … theory; 4) the derivation of the time dependent/time independent wave equation in the quantum finances theory; 5) the …/time independent wave equation in the quantum finances theory; 6) the discussion on the developed software program with the embedded …
Persistent link: https://www.econbiz.de/10013013057
This paper develops and compares two theories of strategic behavior of professional forecasters. The first theory …-take-all contest, forecasts are excessively differentiated. According to the alternative reputational cheap talk theory, forecasters …
Persistent link: https://www.econbiz.de/10014184487
This paper develops and compares two theories of strategic behaviour of professional forecasters. The first theory …-take-all contest, forecasts are excessively differentiated. According to the alternative reputational cheap talk theory, forecasters …
Persistent link: https://www.econbiz.de/10014122864
People suffer financial distress when they face financial and non-financial difficulties from repaying their outstanding debts. This paper analyses the prevalence of financial distress, how this distress is related to consumer credit use, and whether financial distress can be predicted. We aim...
Persistent link: https://www.econbiz.de/10012968229
Persistent link: https://www.econbiz.de/10009761825
It is widely recognised that the ability of e-commerce businesses to predict conversion probability, i.e., acceptance probability, is critically important in today's business environment. While the issue of conversion prediction based on browsing data in various e-commerce websites is broadly...
Persistent link: https://www.econbiz.de/10014391589
This study examines whether crowdsourced forecasts of earnings and revenues help investors unravel bias in earnings announcement news, which is commonly derived from analyst forecasts. Our results suggest that investors, on average, understand and price the predictive signals reflected in...
Persistent link: https://www.econbiz.de/10014352558
This study finds that pro-forma earnings forecasts by bidding firms during acquisitions are associated with a higher likelihood of deal completion, expedited deal closing, and with a lower acquisition premium − but only in stock-financed acquisitions. Analysts also respond to these forecasts...
Persistent link: https://www.econbiz.de/10012905443
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