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Implied rates of return, the discount rate effect, and market risk premia

Breuer, Wolfgang; Gürtler, Marc - 2010 - This Version: 2010-10-22

risk premia. The extent of this bias is substantial as verified by a bootstrap approach. We present an alternative …

Persistent link: https://www.econbiz.de/10009487229

An Empirical Study of Financial Analysts Earnings Forecast Accuracy

Stotz, Andrew - 2017

Over the past 12 years, financial analysts across the world have been optimistically wrong with their 12-month earnings … forecasts by 25.3%. This study may be the first of its kind to assess analyst earnings forecast accuracy at all listed companies …

Persistent link: https://www.econbiz.de/10012959862

Product Market Competition and Analyst Forecasting Activity : International Evidence

Haw, In-Mu - 2015

, higher forecast accuracy, and lower forecast dispersion. Moreover, the effect of product market power on analyst following … and forecast properties is more pronounced in countries with less effective competition laws and higher entry costs. These …

Persistent link: https://www.econbiz.de/10013031494

Return predictability and valuation ratios : sector-level evidence on the Johannesburg Stock Exchange

Chipunza, Kudakwashe Joshua; Muguto, Hilary Tinotenda; … - In: Cogent economics & finance 8 (2020) 1, pp. 1-27

The efficient market hypothesis describes an efficient market as one in which investors cannot consistently predict stock returns because prices instantly reflect all the information flowing into the market. However, return predictability has been documented in many markets. This study tests the...

Persistent link: https://www.econbiz.de/10013179575

Cross-Industry Consequences of Terrorism

Meyer, Kevin L. - 2011

Given the growing importance of terrorism in today's world, it is essential to understand its impact on the global …

Persistent link: https://www.econbiz.de/10013132262

Empirische Analyse der Drawdowns von Dach-Hedgefonds

Heidorn, Thomas (contributor); Kaiser, Dieter G. (contributor) - 2009

Funds of Hedge Funds (FHF) are perceived to be the premier choice of institutional investors for first-time allocations into the alternative investment asset class. While many papers cover the bright side of FHF investing, we in this paper empirically investigate the maximum drawdowns of FHF....