haku: @author Pantzalis, C. / yhteensä: 8
viite: 2 / 8
| Tekijä: | Doukas, J. A. Kim, C. F. Pantzalis, C. |
| Otsikko: | A test of the errors-in-expectations explanation of the value/glamour stock returns performance: evidence from analysts' forecasts |
| Lehti: | Journal of Finance
2002 : OCT, VOL. 57:5, p. 2143-2165 |
| Asiasana: | Stock returns Share valuation Company performance Profit forecasting |
| Kieli: | eng |
| Tiivistelmä: | The authors study whether investors overestimate the future earnings performance of glamour stocks over the period 1976-1997. The results fail to support the extrapolation hypothesis that posits that the superior performance of value stocks is because investors make systematic errors in predicting future growth in earnings of out-of-favour stocks. |
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