Matches in SemOpenAlex for { <https://semopenalex.org/work/W1874663763> ?p ?o ?g. }
Showing items 1 to 98 of
98
with 100 items per page.
- W1874663763 abstract "In this paper, I examine the impact of market inefficiency on the properties of implied cost of capital (ICC) estimates. I show that market inefficiency will bias the relation between the ICC estimate and future returns upwards. Utilizing recently developed ICC estimates formed using regression based earnings forecasts, I show that a substantial portion of the returns to an ICC trading strategy stem from mispricing rather than expected returns. The biases induced by mispricing are most severe for firms with significant limits to arbitrage and less severe for firms that are larger, more liquid, and have lower transaction costs, and for ICC estimates based on adjusted analyst forecasts. In addition, I find that controlling for earnings and discount rate news is not an effective control for mispricing, but that controlling for earnings announcement news is." @default.
- W1874663763 created "2016-06-24" @default.
- W1874663763 creator A5071177902 @default.
- W1874663763 date "2011-01-01" @default.
- W1874663763 modified "2023-10-17" @default.
- W1874663763 title "Market Inefficiency and Implied Cost of Capital Models" @default.
- W1874663763 cites W1187945127 @default.
- W1874663763 cites W1491733468 @default.
- W1874663763 cites W1977090695 @default.
- W1874663763 cites W1995834279 @default.
- W1874663763 cites W2038224101 @default.
- W1874663763 cites W2040281045 @default.
- W1874663763 cites W2044471774 @default.
- W1874663763 cites W2046036461 @default.
- W1874663763 cites W2064305707 @default.
- W1874663763 cites W2082394957 @default.
- W1874663763 cites W2090815169 @default.
- W1874663763 cites W2104559023 @default.
- W1874663763 cites W2111057298 @default.
- W1874663763 cites W2118950487 @default.
- W1874663763 cites W2136120210 @default.
- W1874663763 cites W2139998203 @default.
- W1874663763 cites W2149367714 @default.
- W1874663763 cites W2164793961 @default.
- W1874663763 cites W2167212344 @default.
- W1874663763 cites W2205450208 @default.
- W1874663763 cites W2327152583 @default.
- W1874663763 cites W2891659561 @default.
- W1874663763 cites W3121345849 @default.
- W1874663763 cites W3121399625 @default.
- W1874663763 cites W3121401171 @default.
- W1874663763 cites W3122815008 @default.
- W1874663763 cites W3123013680 @default.
- W1874663763 cites W3123266240 @default.
- W1874663763 cites W3123325409 @default.
- W1874663763 cites W3124192291 @default.
- W1874663763 cites W3124199955 @default.
- W1874663763 cites W3124285530 @default.
- W1874663763 cites W3124529696 @default.
- W1874663763 cites W3124668114 @default.
- W1874663763 cites W3124883140 @default.
- W1874663763 cites W3126081425 @default.
- W1874663763 cites W3126089975 @default.
- W1874663763 cites W4249138782 @default.
- W1874663763 cites W4312238569 @default.
- W1874663763 doi "https://doi.org/10.2139/ssrn.1933713" @default.
- W1874663763 hasPublicationYear "2011" @default.
- W1874663763 type Work @default.
- W1874663763 sameAs 1874663763 @default.
- W1874663763 citedByCount "4" @default.
- W1874663763 countsByYear W18746637632012 @default.
- W1874663763 countsByYear W18746637632015 @default.
- W1874663763 countsByYear W18746637632017 @default.
- W1874663763 crossrefType "journal-article" @default.
- W1874663763 hasAuthorship W1874663763A5071177902 @default.
- W1874663763 hasConcept C10138342 @default.
- W1874663763 hasConcept C106159729 @default.
- W1874663763 hasConcept C143910263 @default.
- W1874663763 hasConcept C144133560 @default.
- W1874663763 hasConcept C162324750 @default.
- W1874663763 hasConcept C166957645 @default.
- W1874663763 hasConcept C175444787 @default.
- W1874663763 hasConcept C181622380 @default.
- W1874663763 hasConcept C205649164 @default.
- W1874663763 hasConcept C2778869765 @default.
- W1874663763 hasConcept C556758197 @default.
- W1874663763 hasConcept C74734477 @default.
- W1874663763 hasConcept C83646750 @default.
- W1874663763 hasConceptScore W1874663763C10138342 @default.
- W1874663763 hasConceptScore W1874663763C106159729 @default.
- W1874663763 hasConceptScore W1874663763C143910263 @default.
- W1874663763 hasConceptScore W1874663763C144133560 @default.
- W1874663763 hasConceptScore W1874663763C162324750 @default.
- W1874663763 hasConceptScore W1874663763C166957645 @default.
- W1874663763 hasConceptScore W1874663763C175444787 @default.
- W1874663763 hasConceptScore W1874663763C181622380 @default.
- W1874663763 hasConceptScore W1874663763C205649164 @default.
- W1874663763 hasConceptScore W1874663763C2778869765 @default.
- W1874663763 hasConceptScore W1874663763C556758197 @default.
- W1874663763 hasConceptScore W1874663763C74734477 @default.
- W1874663763 hasConceptScore W1874663763C83646750 @default.
- W1874663763 hasLocation W18746637631 @default.
- W1874663763 hasOpenAccess W1874663763 @default.
- W1874663763 hasPrimaryLocation W18746637631 @default.
- W1874663763 hasRelatedWork W1581429213 @default.
- W1874663763 hasRelatedWork W2008748559 @default.
- W1874663763 hasRelatedWork W2046031455 @default.
- W1874663763 hasRelatedWork W2063115364 @default.
- W1874663763 hasRelatedWork W2090629165 @default.
- W1874663763 hasRelatedWork W2164388168 @default.
- W1874663763 hasRelatedWork W3121515329 @default.
- W1874663763 hasRelatedWork W3124836487 @default.
- W1874663763 hasRelatedWork W3125709359 @default.
- W1874663763 hasRelatedWork W4281841999 @default.
- W1874663763 isParatext "false" @default.
- W1874663763 isRetracted "false" @default.
- W1874663763 magId "1874663763" @default.
- W1874663763 workType "article" @default.