Mean reversion in a price-earnings ratio and under / overvaluation in the Brazilian stock market [PDF]
Revista Contabilidade E Financas, 2021 The market price-earnings ratios differ from those of each share. Despite allowing for several pertinent analyses, authors have rarely addressed these valuation ratios in the Brazilian context.
Marcos Antonio De Camargos
exaly +7 more sources
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
doaj +2 more sources
Stock Overvaluation, Management Myopia, and Long-Term Firm Performance
Journal of Risk and Financial ManagementHow does stock overvaluation in secondary financial markets affect long-term firm performance when significant corporate “insiders” seek to realize self-benefit? Using a sample of Chinese listed companies from 2007 to 2018, we find that overvaluation of stock price has a negative impact on long-term firm performance.
Sihong Wu, Yiyi Su
exaly +2 more sources
Does overvaluation of bidder stock drive acquisitions? The case of public and private targets
International Journal of Banking, Accounting and Finance, 2013 We test the implications of the misvaluation hypothesis (Shleifer and Vishny, 2003) for a large sample of acquirers of private and public target firms. Consistent with the misvaluation hypothesis we find that acquirers are overvalued. The overvaluation is higher for stock acquisitions of private targets. We find that the announcement period returns are
Kose John, Gopala Vasudevan
exaly +4 more sources
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
doaj +1 more source
Causes of Stock Prices at Tehran Stock Exchange based on a Meta-Analysis Approach: Evidence from Internal Studies [PDF]
راهبرد مدیریت مالی, 2023 The main purpose of this study is to determine the factors affecting Stock Price Crash Risk in various domestic studies. The sample of this research is taken from the results of 57 internal studies based on meta-analysis approach. The results showed that
Maryam Dehghan Monkabadi +2 more
doaj +1 more source
Provide a Model of the Effect of Group Companies and Accounting Information Quality on valuation of Initial Public Offering [PDF]
پژوهشهای تجربی حسابداری, 2022 This study presents a model of group companies degree and accounting information quality effects on initial public offering valuation in companies listed in Tehran Stock Exchange.
Mohammadreza Hooshyar +2 more
doaj +1 more source
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
doaj +1 more source
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
openaire +3 more sources
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
doaj +1 more source