Author: Douglas Hamilton Savage
Publisher:
ISBN:
Category :
Languages : en
Pages : 68
Book Description
The Relationship Between Stock Market Returns and Firm Size, Analyst Coverage and the Timeliness of Earnings Announcements
Author: Douglas Hamilton Savage
Publisher:
ISBN:
Category :
Languages : en
Pages : 68
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 68
Book Description
The Timing Effect of Earnings Reports and the Stock Market Reaction to Late-reporting Firms
Author: Yann-ching Tsai
Publisher:
ISBN:
Category : Stocks
Languages : en
Pages : 174
Book Description
Publisher:
ISBN:
Category : Stocks
Languages : en
Pages : 174
Book Description
The Effects of Earnings and Firm Characteristics on Differential Interpretation of Earnings Announcements
Author: Anwer S. Ahmed
Publisher:
ISBN:
Category :
Languages : en
Pages : 42
Book Description
This study examines whether differential interpretation of earnings announcements is affected by earnings and firm characteristics. We find that Kandel and Pearson's (1995) forecast measures of differential interpretation are: 1) negatively related to earnings predictability, firm size, and price-to-book ratio, and 2) positively related to earnings surprise, negative earnings, and analyst coverage. This evidence suggests that differential interpretation of earnings announcements is decreasing in the quality of the earnings, the quality of pre-announcement disclosure, and the cost of analyzing a firm's value.
Publisher:
ISBN:
Category :
Languages : en
Pages : 42
Book Description
This study examines whether differential interpretation of earnings announcements is affected by earnings and firm characteristics. We find that Kandel and Pearson's (1995) forecast measures of differential interpretation are: 1) negatively related to earnings predictability, firm size, and price-to-book ratio, and 2) positively related to earnings surprise, negative earnings, and analyst coverage. This evidence suggests that differential interpretation of earnings announcements is decreasing in the quality of the earnings, the quality of pre-announcement disclosure, and the cost of analyzing a firm's value.
Financial Analysts' Forecasts and Stock Recommendations
Author: Sundaresh Ramnath
Publisher: Now Publishers Inc
ISBN: 1601981627
Category : Business & Economics
Languages : en
Pages : 125
Book Description
Financial Analysts' Forecasts and Stock Recommendations reviews research related to the role of financial analysts in the allocation of resources in capital markets. The authors provide an organized look at the literature, with particular attention to important questions that remain open for further research. They focus research related to analysts' decision processes and the usefulness of their forecasts and stock recommendations. Some of the major surveys were published in the early 1990's and since then no less than 250 papers related to financial analysts have appeared in the nine major research journals that we used to launch our review of the literature. The research has evolved from descriptions of the statistical properties of analysts' forecasts to investigations of the incentives and decision processes that give rise to those properties. However, in spite of this broader focus, much of analysts' decision processes and the market's mechanism of drawing a useful consensus from the combination of individual analysts' decisions remain hidden in a black box. What do we know about the relevant valuation metrics and the mechanism by which analysts and investors translate forecasts into present equity values? What do we know about the heuristics relied upon by analysts and the market and the appropriateness of their use? Financial Analysts' Forecasts and Stock Recommendations examines these and other questions and concludes by highlighting area for future research.
Publisher: Now Publishers Inc
ISBN: 1601981627
Category : Business & Economics
Languages : en
Pages : 125
Book Description
Financial Analysts' Forecasts and Stock Recommendations reviews research related to the role of financial analysts in the allocation of resources in capital markets. The authors provide an organized look at the literature, with particular attention to important questions that remain open for further research. They focus research related to analysts' decision processes and the usefulness of their forecasts and stock recommendations. Some of the major surveys were published in the early 1990's and since then no less than 250 papers related to financial analysts have appeared in the nine major research journals that we used to launch our review of the literature. The research has evolved from descriptions of the statistical properties of analysts' forecasts to investigations of the incentives and decision processes that give rise to those properties. However, in spite of this broader focus, much of analysts' decision processes and the market's mechanism of drawing a useful consensus from the combination of individual analysts' decisions remain hidden in a black box. What do we know about the relevant valuation metrics and the mechanism by which analysts and investors translate forecasts into present equity values? What do we know about the heuristics relied upon by analysts and the market and the appropriateness of their use? Financial Analysts' Forecasts and Stock Recommendations examines these and other questions and concludes by highlighting area for future research.
Seasonalities in Security Returns
Author: V. V. Chari
Publisher:
ISBN:
Category : Corporate profits
Languages : en
Pages : 80
Book Description
Examines the empirical magnitude of the effect of the resolution of uncertainty on rates of return in the U.S. stock market.
Publisher:
ISBN:
Category : Corporate profits
Languages : en
Pages : 80
Book Description
Examines the empirical magnitude of the effect of the resolution of uncertainty on rates of return in the U.S. stock market.
An Examination of the Relationship Between Stock Returns, Firm Size, and Share Price
Author: William Kross
Publisher:
ISBN:
Category : Industries
Languages : en
Pages : 50
Book Description
Publisher:
ISBN:
Category : Industries
Languages : en
Pages : 50
Book Description
Bad News Travels Slowly
Author: Harrison Gregory Hong
Publisher:
ISBN:
Category : Investment advisors
Languages : en
Pages : 34
Book Description
A number of theories have been proposed to explain the medium-term momentum in stock returns identified by Jegadeesh and Titman (1993). We test one such theory--based on the gradual-information-diffusion model of Hong and Stein (1997)--and establish three key results. First, once one moves past the very smallest stocks (where thin market-making capacity appears to be an issue) the profitability of momentum strategies declines sharply with firm size. Second, holding size fixed, momentum strategies work particularly well among stocks which have low analyst coverage. Finally, there is a strong asymmetry: the effect of analyst coverage is much more pronounced for stocks that are past losers than for stocks that are past winners. These findings are consistent with the hypothesis that firm-specific information only gradually across the investing public
Publisher:
ISBN:
Category : Investment advisors
Languages : en
Pages : 34
Book Description
A number of theories have been proposed to explain the medium-term momentum in stock returns identified by Jegadeesh and Titman (1993). We test one such theory--based on the gradual-information-diffusion model of Hong and Stein (1997)--and establish three key results. First, once one moves past the very smallest stocks (where thin market-making capacity appears to be an issue) the profitability of momentum strategies declines sharply with firm size. Second, holding size fixed, momentum strategies work particularly well among stocks which have low analyst coverage. Finally, there is a strong asymmetry: the effect of analyst coverage is much more pronounced for stocks that are past losers than for stocks that are past winners. These findings are consistent with the hypothesis that firm-specific information only gradually across the investing public
Proceedings of the Ninth International Conference on Management Science and Engineering Management
Author: Jiuping Xu
Publisher: Springer
ISBN: 3662472414
Category : Business & Economics
Languages : en
Pages : 1559
Book Description
This is the Proceedings of the Ninth International Conference on Management Science and Engineering Management (ICMSEM) held from July 21-23, 2015 at Karlsruhe, Germany. The goals of the conference are to foster international research collaborations in Management Science and Engineering Management as well as to provide a forum to present current findings. These proceedings cover various areas in management science and engineering management. It focuses on the identification of management science problems in engineering and innovatively using management theory and methods to solve engineering problems effectively. It also establishes a new management theory and methods based on experience of new management issues in engineering. Readers interested in the fields of management science and engineering management will benefit from the latest cutting-edge innovations and research advances presented in these proceedings and will find new ideas and research directions. A total number of 132 papers from 15 countries are selected for the proceedings by the conference scientific committee through rigorous referee review. The selected papers in the first volume are focused on Intelligent System and Management Science covering areas of Intelligent Systems, Logistics Engineering, Information Technology and Risk Management. The selected papers in the second volume are focused on Computing and Engineering Management covering areas of Computing Methodology, Project Management, Industrial Engineering and Decision Making Systems.
Publisher: Springer
ISBN: 3662472414
Category : Business & Economics
Languages : en
Pages : 1559
Book Description
This is the Proceedings of the Ninth International Conference on Management Science and Engineering Management (ICMSEM) held from July 21-23, 2015 at Karlsruhe, Germany. The goals of the conference are to foster international research collaborations in Management Science and Engineering Management as well as to provide a forum to present current findings. These proceedings cover various areas in management science and engineering management. It focuses on the identification of management science problems in engineering and innovatively using management theory and methods to solve engineering problems effectively. It also establishes a new management theory and methods based on experience of new management issues in engineering. Readers interested in the fields of management science and engineering management will benefit from the latest cutting-edge innovations and research advances presented in these proceedings and will find new ideas and research directions. A total number of 132 papers from 15 countries are selected for the proceedings by the conference scientific committee through rigorous referee review. The selected papers in the first volume are focused on Intelligent System and Management Science covering areas of Intelligent Systems, Logistics Engineering, Information Technology and Risk Management. The selected papers in the second volume are focused on Computing and Engineering Management covering areas of Computing Methodology, Project Management, Industrial Engineering and Decision Making Systems.
Empirical Investigation Into the Stock Market Reactions to Corporate Earnings Reports
Summary: Ahead of the Market
Author: BusinessNews Publishing,
Publisher: Primento
ISBN: 2806222591
Category : Business & Economics
Languages : en
Pages : 29
Book Description
The must-read summary of Mitch Zacks' book: "Ahead of the Market: The Zacks Method for Spotting Stocks Early – In Any Economy". This complete summary of the ideas from Mitch Zacks' book "Ahead of the Market" shows that many investors rely on annual analyst reports, which are designed to advise which stocks to buy/ sell or hold. However, despite the fact that over $1 billion a year is put towards these reports, this summary sides with many other investors in thinking that a lot of the content is corrupt and biased in favor of the companies that fund them. This guide suggests that rather than following one report; you should combine the research compiled by a larger sample of analysts. This will teach you to identify certain patterns in what the analysts say and how their views change over time. You will then be better informed and be able to develop a better method for making smart investments. To this end, this summary offers four key analyst investment strategies to follow. Added-value of this summary: • Save time • Understand the key concepts • Increase your business knowledge To learn more, read "Ahead of the Market" and discover how to spot winning stocks, and steer clear of untrustworthy analyst reports.
Publisher: Primento
ISBN: 2806222591
Category : Business & Economics
Languages : en
Pages : 29
Book Description
The must-read summary of Mitch Zacks' book: "Ahead of the Market: The Zacks Method for Spotting Stocks Early – In Any Economy". This complete summary of the ideas from Mitch Zacks' book "Ahead of the Market" shows that many investors rely on annual analyst reports, which are designed to advise which stocks to buy/ sell or hold. However, despite the fact that over $1 billion a year is put towards these reports, this summary sides with many other investors in thinking that a lot of the content is corrupt and biased in favor of the companies that fund them. This guide suggests that rather than following one report; you should combine the research compiled by a larger sample of analysts. This will teach you to identify certain patterns in what the analysts say and how their views change over time. You will then be better informed and be able to develop a better method for making smart investments. To this end, this summary offers four key analyst investment strategies to follow. Added-value of this summary: • Save time • Understand the key concepts • Increase your business knowledge To learn more, read "Ahead of the Market" and discover how to spot winning stocks, and steer clear of untrustworthy analyst reports.