.... 19 10 2020 14 07 2023 14 07 2023 2024 bank regulation bank failure prediction financial statement analysis risk-weighted assets riskiness of banks financial crisis capital adequacy loan default contagion market efficiency THE ACCOUNTING REVIEW Vol. XX, No. XX MONTH...

... announcements price informativeness information acquisition price discovery market efficiency Tick Size Pilot algorithmic trading As part of the 2012 Jumpstart Our Business Startups Act (JOBS), Congress directed the Securities and Exchange Commission (SEC) to study the effect of a change in tick...

... implied return future return risk growth forecast errors stock volatility predictable bias financial analysts incentives trading strategy market efficiency Sell-side financial analysts provide target prices to quantify the investment potential of a stock. Yet prior literature finds...

... of Directors' goal to promote broad dissemination of the AAA Presidential Scholar Lecture. Editor's note: Invited. May 2018 December 2018 2019 fundamental analysis quantitative investing market efficiency I have spent much of my career teaching students how to interpret...

... of Mark L. DeFond. July 2014 October 2017 2018 seasonal affective disorder analyst forecasts market efficiency We appreciate the helpful comments from Lisa Kramer, Maurice Levi, Daniel Thornton, anonymous reviewers, Mark Bradshaw (editor), and workshop participants...

... October 2013 2014 tone management qualitative disclosure earnings management market efficiency behavioral finance The tone of the qualitative text in earnings press releases can be too optimistic or pessimistic relative to concurrent...

... thank Xuan Huang and Peng-Chia Chiu for expert research assistance. Editor's note: Accepted by John Harry Evans III. January 2012 September 2013 2014 book-tax differences arbitrage market efficiency anomalies mispricing...

... and Securities Prices . New York, NY : Basic Books . Fama , E . 1998 . Market efficiency, long-term returns, and behavioral finance . Journal of Financial Economics 49 ( 3 ): 283 – 306 . 10.1016/S0304-405X(98)00026-9...

...Siew Hong Teoh; Yinglei Zhang ABSTRACT Ex post trimming of extreme returns observations that are not data errors causes spurious inferences in tests of market efficiency and behavioral explanations for anomalies. Trimming causes a downward truncation bias in estimated mean returns...