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Predicting returns with managerial decision variables: is there a small-sample bias?
Many studies find that aggregate managerial decision variables, such as aggregate equity issuance, predict sock or bond market returns. Recent research argues that these findings may be driven by an aggregate time-series version of Schultz's (2003) pseudo market-timing bias. Using standards simulations techniques, we find that the bias is much too small to account for the observed predictive power of the equity share in the new issues, corporate investment plans, insider trading, dividend initiations, or the maturity of corporate debt issues..Printed Journal
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | : The American Finance Association |
|---|---|
| Edisi | - |
| Subjek | Decision making Regression analysis Market timing Securities Markets Impact analysis studies Bias Rates of return |
| ISBN/ISSN | 221082 |
| Klasifikasi | - |
| Deskripsi Fisik | - |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |