Dispersion in Options Investors’ Versus Analysts’ Expectations: Predictive Inference for Stock Returns
نویسندگان
چکیده
Dispersion in Options Investors’ Versus Analysts’ Expectations: Predictive Inference for Stock Returns
منابع مشابه
Expectations Management and Stock Returns
We show that proxies for firms’ incentives to manage earnings expectations toward beatable levels contain strong predictive power for earnings announcement returns. Firms with stronger incentives to manage expectations predictably underperform before, and subsequently outperform during, their expected earnings announcement months. This predictable V-shaped pattern in prices yields strategy retu...
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ژورنال
عنوان ژورنال: Critical finance review
سال: 2021
ISSN: ['2164-5744', '2164-5760']
DOI: https://doi.org/10.1561/104.00000091