1-6 of 6
Keywords: mispricing
Close
Follow your search
Access your saved searches in your account

Would you like to receive an alert when new items match your search?
Close Modal
Sort by
Journal Articles
The Accounting Review (2023) 98 (7): 315–345.
Published: 01 November 2023
... of earnings announcements in constraining potential mispricing associated with firm-specific media sentiment. We show that media sentiment-driven quarterly returns (orthogonal to risk factors and fundamental news) largely reverse when public earnings are released. Our results suggest that quarterly earnings...
Journal Articles
The Accounting Review (2023) 98 (3): 285–306.
Published: 01 May 2023
...Bradford F. Hepfer ABSTRACT I examine whether book-tax differences (BTDs) are mispriced. I predict that BTD mispricing is the operating cash flows-to-price (CFO/P) anomaly in disguise. Using both time-series asset pricing tests and cross-sectional returns tests, I provide consistent...
Journal Articles
The Accounting Review (2018) 93 (3): 349–377.
Published: 01 May 2018
... are driven by predictable pessimism in analysts' short-term forecasts, as opposed to optimism in their longer-term forecasts. We further find that this mispricing is related to the difficulty investors have in identifying differences in expected forecast pessimism. Overall, we conclude that market prices do...
Journal Articles
The Accounting Review (2017) 92 (5): 1–32.
Published: 01 September 2017
...: Accepted by İrem Tuna, under the Senior Editorship of Mark L. DeFond. December 2014 January 2017 2017 gross profitability trend in profitability profitability growth expected returns asset pricing mispricing underreaction Emerging literature establishes that the level...
Journal Articles
The Accounting Review (2014) 89 (5): 1673–1701.
Published: 01 September 2014
... that press coverage of the annual earnings announcement mitigates cash flow mispricing, but has a negligible effect on accrual mispricing. We provide evidence that this impact is driven primarily by the press disseminating the information more broadly, rather than by the creation of new content...
Journal Articles