Results 11 to 20 of about 2,214 (259)
Highly-Valued Firms and Abnormal Earning items with emphasis on State Ownership [PDF]
Pizhūhish/hā-yi ḥisābdārī-i mālī, 2022 Earning is valued because of the information it provides to the capital market. But managers use abnormal Items to manipulate earning to achieve their intended goal, such as maintaining stock prices.
Dariush Foroghi +1 more
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The Impact of Currency Misalignment on Trade Balance of Emerging Market Economies
Organizations and Markets in Emerging Economies, 2021 This study is an attempt to examine the impact of currency misalignment on the trade balance of emerging market economies from 1980 through 2016. It firstly measures the equilibrium RER and corresponding misalignment series of 21 EMEs separately adopting
Abdullahil Mamun +2 more
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Is the Stock Market Overvalued? [PDF]
Quarterly Review, 2000 The value of U.S. corporate equities in the first half of 2000 was close to 1.8 times U.S. gross national income. Some stock market analysts have argued that the market is overvalued at this level. We use standard economic theory and find that the market is correctly valued.
Ellen R. McGrattan, Edward C. Prescott
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The overvaluation of Renminbi undervaluation [PDF]
Journal of International Money and Finance, 2007 We evaluate whether the Renminbi (RMB) is misaligned, relying upon conventional statistical methods of inference. A framework built around the relationship between relative price and relative output levels is used. We find that, once sampling uncertainty and serial correlation are accounted for, there is little statistical evidence that the RMB is ...
Yin-Wong Cheung +2 more
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PSL Quarterly Review, 2021 We analyze the determinants of the deindustrialization of the Brazilian economy in the period between 1998 and 2017. This is a typical example of ‘premature deindustrialization’ in the sense that the major reason for the fall in the manufacturing share ...
José Luis Oreiro +2 more
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The Impact of Equity Overvaluation on Earnings Management [PDF]
مجله دانش حسابداری, 2012 Researches show that if market value of stock in a firm exceeds its true value, this overvaluation affects the managerial behaviors and corporation actions.
Mahmoud Mousavi Shiri +2 more
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IPO initial returns in China: Underpricing or overvaluation?
China Journal of Accounting Research, 2014 This paper separates the amount of IPO underpricing (primary market underpricing) and overvaluation (secondary market overvaluation) from the value of an IPO’s initial return to evaluate the relative importance of these two factors and their main ...
Shunlin Song, JinSong Tan, Yang Yi
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Investigating the effect of information asymmetry on the relationship between stock overvaluation and bank loan yield gap [PDF]
New Applied Studies in Management, Economics & Accounting, 2019 Since investors, as the main sources of corporate resources, demand complete and accurate corporate information, stock overvaluation and information asymmetry can affect investors, creditors, accounting policy makers, and consequently society as a whole.
MohammadReza Vatanparast +1 more
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The Impact of Stock Overvaluation on Stock’s Abnormal Returns and their Volatility over Time [PDF]
مطالعات تجربی حسابداری مالی, 2015 This study examines the impact of stock overvaluation on abnormal stock returns and their volatility over time in listed companies of Tehran Stock Exchange.
Ali Ghasemi, Mohammad Reza Nikbakht
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SSRN Electronic Journal, 2009 AbstractWe develop a profile of overvalued equity, and show that firms meeting this profile experience abnormal stock returns net of transaction costs of −22% to −25% over the 12 months following portfolio formation. We show our model is distinct from predictors proposed in prior work, and our results robust to alternative measurements of expected ...
Messod D. Beneish, David Craig Nichols
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