Results 221 to 230 of about 850,306 (275)

Stock-based Compensation, Financial Analysts, and Equity Overvaluation [PDF]

open access: yesSSRN Electronic Journal, 2019
Stock-based compensation (SBC) reduces the value of shareholder equity, ceteris paribus, and is a significant and growing expense for many firms. Despite its valuation implications and its growing importance, anecdotal evidence suggests that market participants ignore SBC in valuation.
Partha Mohanram   +2 more
openaire   +2 more sources

Heterogeneity of Institutional Investors Based on Feature Extraction of Investment Behavior and Overvaluation of Stock Price

2019 International Conference on Economic Management and Model Engineering (ICEMME), 2019
Based on the data of institutional investors in China's capital market from 2009 to 2017, this paper divides institutional investors into three types according to the characteristics of shareholding concentration and turnover rate: dedicated, transient and long-term dispersed, and examines the role of different types of institutional investors in ...
Bing Liu, Cheng-li Zheng
exaly   +2 more sources

Stock Price Overvaluation and Digital Transformation Investment of Listed SMEs: Impact Analysis and Path Testing

Lecture Notes in Business Information Processing, 2023
Weiwei Gan, Wenbin Qu, Dian Su
exaly   +2 more sources

Why momentum concentrates among overvalued stocks?

Review of Finance, 2023
Abstract We uncover a link between momentum and overvaluation: assets that generate strong momentum profits have lower risk-adjusted unconditional returns; conversely, trading momentum within overvalued assets doubles the profit of the standard momentum strategy. We compute the profits of a momentum strategy within various portfolios;
Jack Favilukis, Terry Zhang
openaire   +1 more source

Are Stock-for-Stock Acquirers of Unlisted Targets Less Overvalued?

SSRN Electronic Journal, 2012
Extant studies often assume that targets’ private ownership mitigates acquirers’ incentives and opportunities to finance acquisitions with inflated stocks. This view stems from the observation that, although the average stock-for-stock acquirer’s merger announcement abnormal return is negative when the target is listed, it is positive when the target ...
openaire   +2 more sources

Investigation of overvalued and undervalued stocks: the case of BSE Sensex

International Journal of Business Excellence, 2016
Concerns with overvaluation and undervaluation in financial markets are the focus of behavioural economics and finance (Barberis and Thaler, 2003). The prime objective of the paper is to analyse the valuation of the stocks in the market. There are two giant indices in Indian stock market, i.e., Bombay Stock Exchange and National Stock Exchange (BSE ...
Shraddha Mishra, Raj Kumar
openaire   +1 more source

Failures to Deliver, Short Sale Constraints, and Stock Overvaluation

SSRN Electronic Journal, 2011
AbstractStudying a large sample of publicly available data on failures to deliver, we find that stocks reaching threshold levels of failures become significantly overvalued. Where short sale constraints are especially binding, we report extreme overpricing and subsequent reversals.
Don M. Autore   +2 more
openaire   +1 more source

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