Prospect theory, analyst forecast, and stock returns

Prospect theory, analyst forecast, and stock returns

This paper documents how prospect theory can be used to explain stock returns and analysts' forecast behavior. Positive earnings surprises are associated with increases in abnormal returns but negative earnings surprises have only a limited negative impact on returns. We find that analysts disp...

Full description

Saved in:
Bibliographic Details
Main Authors: DING, David K., Charoenwong, Charlie, Seetoh, Raymond
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2004
Subjects:
Behavioral finance
prospect theory
analyst forecasts
earnings growth
earnings surprise
Business
Corporate Finance
Finance and Financial Management
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/1158
https://ink.library.smu.edu.sg/context/lkcsb_research/article/2157/viewcontent/SSRN_id566961__1_.pdf
Tags: Add Tag
No Tags, Be the first to tag this record!
Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/lkcsb_research/1158
https://ink.library.smu.edu.sg/context/lkcsb_research/article/2157/viewcontent/SSRN_id566961__1_.pdf

Similar Items