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Träfflista för sökning "WFRF:(Hsiao Pei Jie) "

Search: WFRF:(Hsiao Pei Jie)

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1.
  • Chang, Yen-Cheng, et al. (author)
  • Testing Disagreement Models
  • 2020
  • Other publication (other academic/artistic)abstract
    • We provide plausibly identified evidence for the role of investor disagreement in asset pricing. Our natural experiment exploits the staggered implementation of EDGAR, which induces a reduction in investor disagreement with no accompanying changes in company fundamentals, disclosure quality, or earnings management. The reduction in disagreement leads to lower stock price crash risk. The effect is more pronounced for stocks with binding short-sale constraints and high investor optimism. The reduction in disagreement also leads to higher subsequent returns. Our results provide evidence consistent with models of investor disagreement.
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2.
  • Chang, Yen-Cheng, et al. (author)
  • Testing Disagreement Models
  • 2022
  • In: Journal of Finance. - : Wiley-Blackwell. - 1540-6261 .- 0022-1082. ; 77:4, s. 2239-2285
  • Journal article (peer-reviewed)abstract
    • We provide plausibly identified evidence for the role of investor disagreement in asset pricing. Our natural experiment exploits the staggered implementation of the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system, which induces a reduction in investor disagreement. Consistent with models of investor disagreement, EDGAR inclusion helps resolve disagreement around information events, leading to stock price corrections. The reduction in disagreement following EDGAR inclusion also reduces stock price crash risk, especially among stocks with binding short-sale constraints and high investor optimism.
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  • Result 1-2 of 2
Type of publication
other publication (1)
journal article (1)
Type of content
other academic/artistic (1)
peer-reviewed (1)
Author/Editor
Ljungqvist, Alexande ... (2)
Chang, Yen-Cheng (2)
Tseng, Kevin (2)
Hsiao, Pei-Jie (2)
University
Stockholm School of Economics (2)
Language
English (2)
Research subject (UKÄ/SCB)
Social Sciences (2)

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