منابع مشابه
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متن کاملAnalyst Forecast Dispersion and Aggregate Stock Returns
This paper shows a positive relation between analyst forecast dispersion and future aggregate stock returns, significant and robust. The innovations in forecast dispersions are negatively associated with contemporaneous aggregate returns and changes in discount rates. Decomposing forecast dispersion into “uncertainty” and “information asymmetry” components, I find that the “uncertainty” compone...
متن کاملWavelet analysis of stock returns and aggregate economic activity
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متن کاملAggregate Insider Trading and Future Stock Returns – International Evidence
In this study, I investigate the informativeness of aggregate equity purchases and sales by senior corporate officers and directors in a sample of 39 countries. I find that countrylevel insider trading signals are associated with future country-level market returns, controlling for other contemporaneous signals such as country-level earnings guidance and analysts’ forecasts, and risk factors su...
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ژورنال
عنوان ژورنال: Credit and Capital Markets – Kredit und Kapital
سال: 2017
ISSN: 2199-1227,2199-1235
DOI: 10.3790/ccm.50.4.489