The Party's Over: The Role of Earnings Guidance in Resolving Sentiment-Driven Overvaluation
This paper shows that an important link between investor sentiment and firm over valuation is optimistic earnings expectations, and that management earnings guidance helps resolve sentiment-driven overvaluation.Using previously identified firm characteristics, we find that most of the negative retur...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2012
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soa_research/1160 https://ink.library.smu.edu.sg/context/soa_research/article/2159/viewcontent/The_Party_s_Over_The_Role_of_Earnings_Guidance_in_Resolving_Sentiment_Driven_Overvaluation.pdf |
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| Institution: | Singapore Management University |
| Language: | English |