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Do options price predictable patterns in future stock returns? : evidence from accounting anomalies
Schonberger, Bryce; Subramanyam, K. R.; Hong, Hyun A. - 2015 - Draft: August 2015
We examine whether option prices correct for predictable bias in stock prices associated with accounting anomalies …
Persistent link: https://www.econbiz.de/10011807960
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Impact of Accounting Data on Stock Prices : The Case of Vietnam
Ha, Hoang Thi Viet - 2019
This research is conducted for evaluating the impact of accounting numbers on stock prices of listed firms on Vietnam …
Persistent link: https://www.econbiz.de/10012863939
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An Empirical Analysis of Factor Seasonalities
Lam, FY Eric - 2019
Seasonalities in asset returns, including the January effect, the Halloween effect and the same-calendar-month effect, are widely documented in the literature. We show that a number of popular factors in the empirical asset pricing literature exhibit some well-known seasonalities. Most of the...
Persistent link: https://www.econbiz.de/10012902369
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Securities Regulation, Household Equity Ownership, and Trust in the Stock Market
Christensen, Hans Bonde - 2019
Using aggregate data from national accounts, we study whether strengthening and harmonizing securities regulation across the European Union increases household equity ownership. We find a significant increase in the proportion of liquid assets invested in equity, both when a household's own...
Persistent link: https://www.econbiz.de/10012900693
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When Does Pre-IPO Financial Reporting Trigger Post-IPO Legal Consequences?
Billings, Mary Brooke - 2015
Prior research suggests that the fear of litigation precludes most managers from manipulating earnings in the initial public offering (“IPO”) setting. Yet, managers' restraint is perhaps unwarranted: research has not yet linked instances of aggressive pre-IPO reporting to increased...
Persistent link: https://www.econbiz.de/10013034423
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Investment Forecast Disclosure and the Cost of Equity Capital : Evidence from the Treatment Effect Estimates Model
Shimada, Yoshinori - 2020
investment forecasts realize a greater reduction in the cost of capital in the same and subsequent accounting periods than firms …
Persistent link: https://www.econbiz.de/10012856284
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Shorting Activity and Stock Return Predictability : Evidence From a Mandatory Disclosure Shock
Griffin, Paul A.; Hong, Hyun A.; Kalcheva, Ivalina; … - 2021
Reporting Standards (IFRS) on the stock return predictability of shorting activity. To assess the impact of the disclosure shock … the shock of the mandatory accounting change crowds out some of short-sellers’ value-relevant information in the equity … lending market. Thus, while the democratization of information from a structured accounting change may make sophisticated …
Persistent link: https://www.econbiz.de/10013224726
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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 across the globe, covering 70 countries. A...
Persistent link: https://www.econbiz.de/10012959862
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The role of market efficiency on implied cost of capital estimates : an international perspective
Schröder, David - 2020
This study examines the role of market efficiency on international differences in the usefulness of the implied cost of capital (ICC) to measure expected stock returns. The analysis exploits cross-country differences in market efficiency around the world using a variety of empirical measures of...
Persistent link: https://www.econbiz.de/10012852872
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What role does marriage play in urban Africa? : Evidence from a high HIV area in Kenya
Luke, Nancy (contributor); Munshi, Kaivan (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10002114372