Berkman, Henk; Dimitrov, Valentin; Jain, Prem C.; Koch, … - In: Journal of Financial Economics 92 (2009) 3, pp. 376-399
Miller [1977. Risk, uncertainty, and divergence of opinion. Journal of Finance 32, 1151-1168] hypothesizes that prices of stocks subject to high differences of opinion and short-sales constraints are biased upward. We expect earnings announcements to reduce differences of opinion among...
