Zobrazeno 1 - 10
of 39
pro vyhledávání: '"Brett Trueman"'
Publikováno v:
SSRN Electronic Journal.
In this paper we document that the earnings forecasts of security analysts who share a first name with the CEO of a covered firm (referred to as ‘matched’ analysts) are more accurate, on average, than those of analysts who do not share a first na
Autor:
Tsahi Versano, Brett Trueman
Publikováno v:
The Accounting Review. 92:227-246
This paper analyzes a manager's optimal expectations management strategy in a setting in which the manager provides forecast guidance to an analyst both privately and publicly. Conventional wisdom suggests that managers use private communications wit
Publikováno v:
Financial Management. 39:533-553
We show that abnormal returns to analysts’ recommendations stem from both the ratings levels assigned and the changes in those ratings. Conditional on the ratings change, buy and strong buy recommendations have greater returns than do holds, sells,
Publikováno v:
Aboody, David; Lehavy, Reuven; & Trueman, Brett. (2010). Limited attention and the earnings announcement returns of past stock market winners. Review of Accounting Studies, 15(2), pp 317-344. doi: 10.1007/s11142-009-9104-9. Retrieved from: http://www.escholarship.org/uc/item/11t5v4fj
We document that stocks with the strongest prior 12-month returns experience a significant average market-adjusted return of 1.58 percent during the five trading days before their earnings announcements and a significant average market-adjusted retur
Publikováno v:
SSRN Electronic Journal.
We examine the suitability of using overnight returns to measure firm-specific investor sentiment by analyzing whether they possess characteristics expected of a sentiment measure. We document short-term overnight-return persistence, consistent with
Publikováno v:
Journal of Accounting and Economics. 41:87-117
This paper analyzes the distribution of stock ratings at investment banks and brokerage firms and examines whether these distributions can be used to predict the profitability of analysts' recommendations. Consistent with prior work, we find that the
Publikováno v:
Journal of Accounting and Economics. 34:249-271
This paper presents evidence of persistent anomalies in internet firms' stock returns surrounding their quarterly earnings announcements. There is a general run-up in prices in the days prior to the earnings announcement, which extends through the ma
Autor:
Sunil Dutta, Brett Trueman
Publikováno v:
Review of Accounting Studies. 7:75-96
This paper analyzes a setting in which a firm's manager can credibly disclose facts, but not their valuation implications. Consequently, he is uncertain as to how those disclosed facts will be interpreted by investors. Introducing such uncertainty af
Publikováno v:
The Journal of Finance. 56:531-563
We document that purchasing ~selling short! stocks with the most ~least! favorable consensus recommendations, in conjunction with daily portfolio rebalancing and a timely response to recommendation changes, yield annual abnormal gross returns greater
Publikováno v:
Review of Accounting Studies. 6:305-329
This paper examines the roles played by past revenues, web usage data, and analysts in forecasting the future revenues of internet firms during the years 1998 to 2000. For this time period our analysis shows that estimates of web traffic growth have