Ecker, Frank; Francis, Jennifer; Olsson, Per; Schipper, … - In: Review of Accounting Studies 26 (2021) 2, pp. 772-814
association between realized returns and five implied cost of equity metrics. In this setting, the reference sample has full … information on realized returns, while on average only 16% of reference sample observations have data on cost of equity metrics … (non-random) cost of equity sample reveals weak or negative associations between realized returns and cost of equity …