Prior research has established that stocks with high dispersion of earningsforecasts or short interest are associated with low subsequent returns. Assumingdispersion of forecasts is a proxy for divergence of opinions and short interest is a proxyfor short selling constraints, these results have...

This dissertation provides evidence on the risk factors that are priced in bankequities. Alternative empirical models with precedent in the nonfinancial asset pricingliterature are tested, including the single-factor Capital Asset Pricing Model (CAPM),three-factor Fama-French model, and...