Showing 1 - 10 of 43
Persistent link: https://www.econbiz.de/10008758081
Persistent link: https://www.econbiz.de/10003374649
Persistent link: https://www.econbiz.de/10003746394
In this paper we examine the relation between equity mispricing and arbitrage risk and find that stocks with high arbitrage risk have higher estimated mispricing than stocks with low arbitrage risk. These results are not limited to high book-to-market or small capitalization stocks, and they are...
Persistent link: https://www.econbiz.de/10008739345
In this paper, we examine the relation between stock returns and analysts' heterogeneous expectations. We find that stock returns are positively associated with divergence of opinion. Our evidence provides no support for Miller's (1977) overvaluation hypothesis, which predicts lower (higher)...
Persistent link: https://www.econbiz.de/10005140460
Persistent link: https://www.econbiz.de/10005322133
Persistent link: https://www.econbiz.de/10001709803
Persistent link: https://www.econbiz.de/10003357668
Persistent link: https://www.econbiz.de/10006281195
Persistent link: https://www.econbiz.de/10006558776