Purpose – To test the Miller Price Optimism Model using a new proxy for heterogenous expectations and to examine if high differential stocks behave like glamour stocks and low differential stocks behave like value stocks. Design/methodology/approach – Whisper/analyst forecast differentials...

Purpose – There are several studies that investigate evidence for mean reversion in stock prices. However, there is no consensus as to whether stock prices are mean reverting or random walk (unit root) processes. The goal of this paper is to re-examine mean reversion in stock prices....

Purpose – The purpose of this paper is to investigate the forecasting power of the conditional relationship between beta and international stock returns. Design/methodology/approach – Using the market model, the individual betas for each country in the sample are estimated by ordinary least...

Purpose – The purpose of this paper is to investigate the forecasting power of the conditional relationship between beta and international stock returns. Design/methodology/approach – Using the market model, the individual betas for each country in the sample are estimated by ordinary least...

Purpose – There are several studies that investigate evidence for mean reversion in stock prices. However, there is no consensus as to whether stock prices are mean reverting or random walk (unit root) processes. The goal of this paper is to re-examine mean reversion in stock prices....

Purpose – The purpose of this paper is to investigate the forecasting power of the conditional relationship between beta and international stock returns. Design/methodology/approach – Using the market model, the individual betas for each country in the sample are estimated by ordinary least...

Purpose – There are several studies that investigate evidence for mean reversion in stock prices. However, there is no consensus as to whether stock prices are mean reverting or random walk (unit root) processes. The goal of this paper is to re‐examine mean reversion in stock prices....

This study aims to determine whether the variable current ratio (CR), return on assets (ROA), return on equity (ROE), earnings per share (EPS), debt to asset ratio (DAR), debt to equity ratio (DER), net profit margin (NPM), price to book value (PBV), price earnings ratio (PER), growth, profit...