Showing 31 - 40 of 735,487
Persistent link: https://www.econbiz.de/10011303214
Persistent link: https://www.econbiz.de/10011303215
Persistent link: https://www.econbiz.de/10011339007
Persistent link: https://www.econbiz.de/10009746553
Persistent link: https://www.econbiz.de/10009749337
Persistent link: https://www.econbiz.de/10009696533
Persistent link: https://www.econbiz.de/10009657766
Persistent link: https://www.econbiz.de/10009623553
This paper provides evidence that the 52-week high serves as a psychological barrier, inducing expectational errors and underreaction to news. Two clear predictions emerge and are confirmed in the data. First, nearness to a 52-week high induces expectational errors; evidence from earnings...
Persistent link: https://www.econbiz.de/10010353292
We analyze the earnings information and stock prices of S&P500 firms and find that investors following S&P500 stocks (i) respond more to pro forma earnings than to GAAP earnings, (ii) respond to an emphasis on pro forma earnings, and (iii) are fixated on pro forma earnings. We provide the first...
Persistent link: https://www.econbiz.de/10010228506