Wei and Yang (2012), from the University of Toronto, Canada, examined momentum in a large sample of U.S. stocks from 1964 to 2009. At the beginning of each month, stocks were sorted quintiles based on their realized past returns. Equally…
Wei and Yang (2012), from the University of Toronto, Canada, examined momentum in a large sample of U.S. stocks from 1964 to 2009. At the beginning of each month, stocks were sorted quintiles based on their realized past returns. Equally…
Anna Scherbina (2008), then at the University of California, Davis, noted earlier research showing firms that performed badly were often reluctant to share negative news with investors. Frequently, the bad news was suppressed not only by firms but also by…
Sorescu and Subrahmanyam (2006), from Texas A&M University, Commerce, Texas, and the University of California, Los Angeles, analyzed the relation between analyst attributes (years of experience, reputation of the analysts’ brokerage houses) and the short- and long-term price reactions to…
Barber, Lehavy, and Trueman (2010) – from the University of California, Davis, the University of Michigan, Ann Arbor, and the University of California, Los Angeles – examined the impact of the rating levels and changes in rating levels used by…
Sadka and Scherbina (2007), of the University of Washington and Harvard University, examined returns of stocks with high levels of analyst disagreement about future earnings. Analysts’ earnings forecasts were taken from the Institutional Brokers Estimate System (I/B/E/S) U.S. Detail History…