Diagnostic expectations and stock returns
We revisit LaPorta’s (1996) finding that returns on stocks with the most optimistic analyst long-term earnings growth forecasts are lower than those for stocks with the most pessimistic forecasts. We document the joint dynamics of fundamentals, expectations, and returns of these portfolios, and expl...
| Hoofdauteurs: | , , , |
|---|---|
| Formaat: | Journal article |
| Taal: | English |
| Gepubliceerd in: |
Wiley
2019
|