Do Analyst Earnings Beta Explain Growth Anomaly?

Do Analyst Earnings Beta Explain Growth Anomaly?

Using a measure of cashflow risk derived from analyst forecasts, I find that cashflow risk offers a partial explanation for the value – growth anomaly. In particular, the lowest asset growth portfolio has a higher earnings beta than the highest asset growth portfolio. Approximately cashflow risk mea...

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Bibliographic Details
Main Author: DOAN, Sophie Phuong Thanh
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2010
Subjects:
analyst earnings
earnings beta
expected cashflow
growth anomaly
Finance and Financial Management
Portfolio and Security Analysis
Online Access:https://ink.library.smu.edu.sg/etd_coll/53
https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1052&context=etd_coll
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/etd_coll/53
https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1052&context=etd_coll

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