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to forecast future earnings accurately. This suggests that additional information is released during conference calls …. The reduction in forecast error is economically significant and larger in magnitude when compared to results for the US …
Persistent link: https://www.econbiz.de/10013094228
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
systematic and persistent character, they do not just increase noise but result in a significant downward bias of presented …
Persistent link: https://www.econbiz.de/10013113392
Wealth transfer effects between stockholders and bondholders on the announcement date of changes in a firm's credit rating have primarily been examined a) for one type of security; b) on US capital markets; and c) by applying standard event study methods. In contrast to these investigations, we...
Persistent link: https://www.econbiz.de/10012984791
Persistent link: https://www.econbiz.de/10012925355
This paper examines the contagion effects of the U.S. subprime crisis on international stock markets using a DCC-GARCH model on 38 country data. We find evidence of financial contagion not only in emerging markets but also in developed markets during the U.S. subprime crisis. We also find...
Persistent link: https://www.econbiz.de/10013149007
analysts exhibit worse forecast accuracy than their male counterparts. However, in highly individualistic countries, we show … that there is no significant difference in forecast accuracy between the genders. We further show that female analysts …
Persistent link: https://www.econbiz.de/10013404705
unsolicited bank ratings, however, we find strong evidence that rating conservatism is an important cause. The downward bias also …
Persistent link: https://www.econbiz.de/10003904071
countries, we investigate empirically if there is systematic evidence for a home bias in sovereign ratings. Specifically, we use … explained by the fundamentals of rated countries, our results provide empirical support for the existence of a home bias in … sovereign ratings. We find that the bias becomes more accentuated following the onset of the Global Financial Crisis and appears …
Persistent link: https://www.econbiz.de/10013071483