... policies primarily exist in large banks and federally chartered banks, which are best positioned to exploit growth opportunities, and in banks that expand branch operations after deregulation. Our results indicate an increased emphasis on stock performance and tail risk in turnover decisions when growth...

... growth rates. Similarly, Johnstone (2016) shows that higher signal quality can lead to higher risk premium. Motivated by these studies, we re-examine the association between disclosure and risk premium, conditional on growth. Using various proxies for risk premium, disclosure, and growth, we provide...

... will contain an error. We measure analysts' errors in forecasting fundamental inputs (earnings and earnings growth) using two approaches. The first approach assumes perfect foresight and utilizes the realized errors in the consensus forecasts of one-year-ahead earnings and revisions in analysts' long...

... higher future sales growth and show a negative relation between profitability change and sales growth in high corruption geographic segments, but not in low corruption segments. The net effect on valuation from sales growth and changes in profitability is close to zero. The findings are robust...

... conservatism value/glamour stocks skewness book-to-market ratio growth 2013 The first part of the analysis proposes a negative correlation between the book-to-market ratio of a firm and the skewness of its stock returns. Development of this proposition...