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Persistent link: https://www.econbiz.de/10011646340
We document that consistent patterns of sales growth that are incongruent with underlying fundamentals are followed by significant stock price reversals. In contrast, no stock return reversals are found for firms that achieve the same level of sales growth in an inconsistent manner. Furthermore,...
Persistent link: https://www.econbiz.de/10013004705
We study the effects of the Dodd-Frank Act (“Dodd-Frank”) on determinants of credit ratings. We predict that the increase in regulatory oversight and litigation risk prompted by Dodd-Frank, as well as requirements for improved disclosures and governance, motivated credit rating agencies...
Persistent link: https://www.econbiz.de/10012854130