onr:"swepub:oai:hhs.se:1155043120006056"
Search: onr:"swepub:oai:hhs.se:1155043120006056" > Testing Disagreemen...
- 1 of 1
- Previous record
- Next record
- To hitlist
- Chang, Yen-ChengNational Taiwan University (author)
Testing Disagreement Models
- BookEnglish2020
Publisher, publication year, extent ...
- 2020
Numbers
- LIBRIS-ID:oai:hhs.se:1155043120006056
- https://research.hhs.se/esploro/outputs/workingPaper/Testing-Disagreement-Models/991001480425606056URI
Supplementary language notes
- Language:English
- Summary in:English
Part of subdatabase
- SwePubSwePub
Classification
Notes
- 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.
Subject headings and genre
Added entries (persons, corporate bodies, meetings, titles ...)
- Hsiao, Pei-JieNational Taiwan University (author)
- Ljungqvist, AlexanderStockholm School of Economics,Handelshögskolan i Stockholm(Swepub:hhs)4190@hhs.se (author)
- Tseng, KevinNational Taiwan University (author)
- Handelshögskolan i StockholmNational Taiwan University (creator_code:org_t)
Internet link
To the university's database
- 1 of 1
- Previous record
- Next record
- To hitlist
Find more in SwePub
- By the author/editor
- Chang, Yen-Cheng
- Hsiao, Pei-Jie
- Ljungqvist, Alex ...
- Tseng, Kevin
- About the subject
-
- SOCIAL SCIENCES
- SOCIAL SCIENCES
- and Economics and Bu ...
- and Economics
- By the university
- Stockholm School of Economics
Search outside SwePub
- Extend your search to:
- Google Book Search
- Google Scholar
Kungliga biblioteket hanterar dina personuppgifter i enlighet med EU:s dataskyddsförordning (2018), GDPR. Läs mer om hur det funkar här.
Så här hanterar KB dina uppgifter vid användning av denna tjänst.
- Copyright © LIBRIS - National Library Systems
- LIBRIS.kb.se
