Earnings forecasts: the case for combining analysts’ estimates with a cross-sectional model

Autor: Vitor G. Azevedo, Manuel Gerhart, Patrick Bielstein

Publikováno v: Review of Quantitative Finance and Accounting. 56:545-579

We propose a novel method to forecast corporate earnings, which combines the accuracy of analysts’ forecasts with the unbiasedness of a cross-sectional model. We build on recent insights from the earnings forecasts literature to improve analysts’

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::1a21baa606dba13d18cc2889478a6464
https://doi.org/10.1007/s11156-020-00902-z

Analyst Recommendations and Anomalies Across the Globe

Autor: Sebastian Müller, Vitor G. Azevedo

Publikováno v: SSRN Electronic Journal.

We examine the value of analyst recommendations across 45 countries and 3.8 million firm-month observations from 1994 to 2019. Recommendation-based portfolio strategies lead to highly significant (insignificant) abnormal returns in international mark

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::cb50159b0288b397d4a7463e29ced9a2
https://doi.org/10.2139/ssrn.3705141

Investor Sentiment and the Expected Returns of Socially and Environmentally Responsible Firms

Autor: Christoph Kaserer, Vitor G. Azevedo, Lucila Maria de Souza Campos

Publikováno v: SSRN Electronic Journal.

Previous literature shows inconclusive results regarding the relation between Corporate Social and Environmental Responsibility (CSR and CER) and expected returns. We argue that the reason for these mixed results is that the sustainability premium, i

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::00ff517193ce39ee4dd27dfe46bde6d9
https://doi.org/10.2139/ssrn.3495112

Earnings Forecasts: The Case for Combining Analysts' Estimates with a Mechanical Model

Autor: Vitor G. Azevedo, Patrick Bielstein, Manuel Gerhart

Publikováno v: SSRN Electronic Journal.

We propose a novel method to forecast corporate earnings, which combines the accuracy of analysts' forecasts with the unbiasedness of a cross-sectional model. We build on recent insights from the earnings forecasts literature to improve analysts' for

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::ac96766f45588823fd6cbc7156f59ffb
https://doi.org/10.2139/ssrn.2988831

Corporate sustainability and asset pricing models: empirical evidence for the Brazilian stock market

Autor: Vitor G. Azevedo, André A. P. Santos, Lucila Maria de Souza Campos

Publikováno v: Production, Iss 0 (2016)
Production, Volume: 26, Issue: 3, Pages: 516-526, Published: 20 JUN 2016
Production v.26 n.3 2016
Production
Associação Brasileira de Engenharia de Produção (ABEPRO)
instacron:ABEPRO
de Azevedo, V G, Santos, A A P & de Souza Campos, L M 2016, ' Corporate sustainability and asset pricing models : Empirical evidence for the Brazilian stock market ', Producao, vol. 26, no. 3, pp. 516-526 . https://doi.org/10.1590/0103-6513.201115

The paper investigates the impact of corporate sustainability on asset prices. For that purpose, we develop a novel corporate sustainability factor and test the extent to which this factor is priced in an augmented four-factor version of the traditio

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::8850c6d0ac28bb9736683c4f4b442043
http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0103-65132016005005101&lng=en&tlng=en