Management Forecast Credibility and Underreaction to News
In this paper, we first document evidence of underreaction to management forecast news. We then hypothesize that the credibility of the forecast influences the magnitude of this underreaction. Relying on evidence that more credible forecasts are associated with a larger reaction in the short window...
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| المؤلفون الرئيسيون: | , , |
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| التنسيق: | text |
| اللغة: | English |
| منشور في: |
Institutional Knowledge at Singapore Management University
2013
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| الموضوعات: | |
| الوصول للمادة أونلاين: | https://ink.library.smu.edu.sg/soa_research/951 https://ink.library.smu.edu.sg/context/soa_research/article/1950/viewcontent/SSRN_id930697.pdf |
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| المؤسسة: | Singapore Management University |
| اللغة: | English |