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pro vyhledávání: '"Bilal Erturk"'
Autor:
Ali Nejadmaleyeri, Bilal Erturk
Publikováno v:
Multidisciplinary Business Review, Vol 13, Iss 2 (2020)
Empirical evidence suggests that short sales have pertinent information about firm fundamentals. If so, then information from short selling in liquid equity markets can be informative for infrequently traded corporate bonds. The adverse information c
Externí odkaz:
https://doaj.org/article/3e9af0f0b6384547b519dfae0d50b860
Autor:
Bilal Erturk, Ali Nejadmalayeri
Publikováno v:
Multidisciplinary Business Review, Vol 13, Iss 2 (2020)
Empirical evidence suggests that short sales have pertinent information about firm fundamentals. If so, then information from short selling in liquid equity markets can be informative for infrequently traded corporate bonds. The adverse information c
Publikováno v:
Financial Management. 46:455-486
Several months before information becomes public, the level of short interest contains value-relevant information about publicly traded corporations. Short interest predicts future bad news, negative earnings surprises, and downward revisions in anal
Publikováno v:
SSRN Electronic Journal.
We show that short interest predicts future bad news, negative earnings surprises, and downward revisions in analyst earnings forecasts. Moreover, short interest is a better predictor of changes in firm fundamentals for stocks that are harder to shor
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
SSRN Electronic Journal.
High levels of short interest predict negative abnormal returns, but the reasons for this predictability are not well understood. Two popular explanations suggest very different interpretations. According to Miller (1977), stocks are overvalued in th
Autor:
Bilal Erturk
Publikováno v:
SSRN Electronic Journal.
Prior research has established that stocks with high dispersion of earnings forecasts yield lower subsequent returns. I offer a new explanation based on some analysts' reluctance to revise their forecasts downward. I show that analysts' sluggish and
Autor:
Bilal Erturk, R. Brian Balyeat
Publikováno v:
SSRN Electronic Journal.
The relative prices of S&P 500 index call and put options convey information regarding the future return of the S&P 500 index realized over the life of the options. When call options are relatively more expensive than put options, the index earns hig