This study investigates whether the voluntary disclosure of management earnings forecasts influences investors' assessment of firm risk and firm value. We find a significant negative relationship between the issuance of management earnings forecasts and a variety of measures of firm risk...

The purpose of this study is to better understand stock market trading volume liquidity, measured at the individual stock level, and its relationship with and potential impact on stock performance for a variety of well-known investment styles. We focus on two universes of generally liquid stocks...

SUBJECT AREAS: Finance, Financial Analysis, Investment Analysis, Securities, Stock Market, Security and Commodity Brokers, DealersCASE SETTINGS: United States; large organization; 2006An investment advisor at a major brokerage is considering whether she should recommend Wal-Mart stock to her...

Using a comprehensive database of monthly U.S. economic and price-based factors from 1871 to 2005, we investigate the relationship between the actual values and our estimated intrinsic values of the Samp;P Composite Index. We estimate the intrinsic value using the most fundamental valuation...