Table of contents
Book/Market Fluctuations, Trading Activity, and the Cross‐section of Expected Stock Returns
Amber Anand, Avanidhar SubrahmanyamWe analyze trading activity accompanying equities’ switches from “growth” (low book‐tomarket ratios (BMRs)) to “value” (high BMRs), and vice versa. We find that a large BMR…
534
Asymmetric Asset Price Reaction to News and Arbitrage Risk
John A. Doukas, Meng LiThis study documents that high book‐to‐market (value) and low book‐to‐market (glamour) stock prices react asymmetrically to both common and firm‐specific information…
1254
Does Risk Aversion Vary with Decision‐Frame? An Empirical Test Using Recent Game Show Data
Daniel Mulino, Richard Scheelings, Robert Brooks, Robert FaffAn aspect of prospect theory posits that decision‐makers, when making decisions in the face of risk, make their decisions with respect to a pre‐existing reference point or ‘frame’…
563
The Effect of Perceived Uncertainty on Analysts’ Recommendations and Earnings Forecasts
Susan M. YoungPrior literature has found that as uncertainty in a firms information environment increases, optimism increases in equity analysts’ earnings forecasts. The studies suggest an…
492
ISSN:
1940-5979Online date, start – end:
2009Copyright Holder:
Emerald Publishing LimitedOpen Access:
hybridEditor:
- Professor Gulnur Muradoglu