Do investors over-anticipate? : Evidence from their reactions to gain and loss contingencies
Firms are required to communicate uncertainties about their future earnings and cash flows to investors. In this thesis, I conducted a between-participants experiment to examine how investors anticipate firms’ uncertain future outcomes in response to contingency disclosures. I find that, inconsisten...
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Thesis |
| Language: | English |
| Published: |
2017
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/72494 |