An examination of the statistical significance and economic relevance of profitability and earnings forecasts from models and analysts
In this paper, we propose and empirically test a cross-sectional profitability forecasting model which incorporates two major improvements relative to extant models. First, in terms of model construction, we incorporate mean reversion through the use of a two-stage partial adjustment model and inclu...
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Main Authors: | EVANS, Mark E., NJOROGE, Kenneth, OW YONG, Keng Kevin |
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Format: | text |
Language: | English |
Published: |
Institutional Knowledge at Singapore Management University
2017
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Online Access: | https://ink.library.smu.edu.sg/soa_research_all/4 https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1003&context=soa_research_all |
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Institution: | Singapore Management University |
Language: | English |
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