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Misperceived returns to active investing

Haaland, Ingar; Naess, Ole-Andreas Elvik - 2023

We conduct field experiments with retail investors recruited from a social trading platform. In our main experiment, we first elicit beliefs about the returns to active investing. We then generate exogenous variation in beliefs by providing treated respondents with information about index funds...

Persistent link: https://www.econbiz.de/10013536190

The disclosure of non-GAAP earnings following Regulation G : an analysis of transitory gains

Baumker, Michael; Biggs, Philip; McVay, Sarah; Pierce, … - In: Accounting horizons : a quarterly publication of the … 28 (2014) 1, pp. 77-92

Persistent link: https://www.econbiz.de/10010425040

Market Reaction to Non-GAAP Earnings Around SEC Regulation

Bond, David - 2017

This study examines the impact of Regulation G in 2003 and the issuance of Compliance and Disclosure Interpretations (C …&DIs) in 2010 – on the reporting of non-GAAP earnings. The study finds that (i) both Regulation G and C&DIs are associated with … predictive power for future operating earnings); (ii) Regulation G led to a decrease in the amount of total positive exclusions …

Persistent link: https://www.econbiz.de/10012954820

Transparency regulation and stock price informativeness : evidence from the European Union's transparency directive

Watanabe, Olena V.; Imhof, Michael; Tartaroglu, Semih - In: Journal of international accounting research 18 (2019) 2, pp. 89-113

Persistent link: https://www.econbiz.de/10012212930

Firms' rationales for CEO duality : evidence from a mandatory disclosure regulation

Goergen, Marc; Limbach, Peter; Scholz-Daneshgari, Meik - In: The journal of corporate finance : contracting, … 65 (2020), pp. 1-22

Persistent link: https://www.econbiz.de/10012423692

Stock Return Seasonalities and Investor Structure : Evidence from China's B-Share Markets

Bohl, Martin T. - 2009

This paper investigates whether seasonalities in daily stock returns are related to the trading behavior of individual and institutional investors. The change in the investor structure of B-share markets in Shanghai and Shenzhen after the abolition of ownership restrictions in 2001 provides a...

Persistent link: https://www.econbiz.de/10013155217

Sentiment, Electoral Uncertainty and Stock Returns

Carvalho, Carlos - 2017

We study the effect of a huge sports sentiment shock, unrelated to economic conditions or government actions, on stock market outcomes. After Brazil's 7-1 humiliating defeat to Germany in the 2014 World Cup, which is likely to be one of the largest sports sentiment shocks ever, the stock market...

Persistent link: https://www.econbiz.de/10012961363

Investor Sophistication and Target-Date Fund Investing

Guillemette, Michael - 2019

The Pension Protection Act of 2006 identified target-date funds as an appropriate default investment for defined contribution retirement plans. Using the 2009 National Financial Capability Study, this paper examines the relation between investor sophistication and the decision to primarily...

Persistent link: https://www.econbiz.de/10012904328

Momentum and Reversal Dynamics

Kolari, James W. - 2019

This paper studies the joint dynamics of momentum and reversal strategies in the U.S. stock market. Momentum investors face uncertainty about whether past patterns of price movements will continue (momentum) or reverse, thereby increasing volatilities of momentum returns and occasionally leading...

Persistent link: https://www.econbiz.de/10012896774

Investor PSY-chology Surrounding 'Gangnam Style'

Kim, Y. Han (Andy) - 2017

The global success of the song, “Gangnam Style”, by the Korean rapper PSY in 2012, was an exogenous shock to investor enthusiasm for DI Corp., a Korean semiconductor manufacturer. Although DI Corp.'s business is not related to the entertainment industry, its co-CEO is the father of PSY....

Persistent link: https://www.econbiz.de/10012974176