Forecast Accuracy Uncertainty and Momentum
We demonstrate that stock price momentum and earnings momentum can result from uncertainty surrounding the accuracy of cash flow forecasts. Our model has multiple information sources issuing cash flow forecasts for a stock. The investor combines these forecasts into an aggregate cash flow estimate t...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2009
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/3001 https://ink.library.smu.edu.sg/context/lkcsb_research/article/4000/viewcontent/HongW2009mnscForecastAccuracy_pub.pdf |
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| Institution: | Singapore Management University |
| Language: | English |