Do investors over-anticipate? : Evidence from their reactions to gain and loss contingencies

• المؤلف الرئيسي: Xu, Tu
• مؤلفون آخرون: Tan Hun Tong
• التنسيق: Theses and Dissertations
• اللغة: English
• منشور في: 2017
• الموضوعات: DRNTU::Business::Finance::Investments
• الوصول للمادة أونلاين: http://hdl.handle.net/10356/72494
• المؤسسة: Nanyang Technological University

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...