Expectations and the Structure of Share Prices

John G. Cragg, Burton G. Malkiel - Expectations and the Structure of Share Prices
Publisher: Univ of Chicago Pr | 1982-11 | ISBN: 0226116689 | File type: PDF | 192 pages | 11.83 mb

This monograph investigates a number of interrelated questions about the formation of expectations and the pricing of capital assets. Central to the empirical work is a unique body of expectations data collected over the decade of the 1960s. The book first describes the data and then examines a number of questions regarding the consensus, accuracy, and completeness of the forecasts as well as the underlying process that appears to generate the forecasts. The book then turns to the development of a restatement of financial-asset valuation theory and goes on to use the expectations data we have collected to test the model. We find that our data permit far more satisfactory tests of valuation models than have been possible before and that they help provide important insights into the structure of security prices. Because we believe that these data will be helpful to other researchers, we have published the data themselves in as much detail as our respondents would permit. More than a decade has passed since the data were originally collected, and so they may not represent the most up-to-date practices. There are, however, important advantages to our having waited a considerable period before publishing our results.


[Fast Download] Expectations and the Structure of Share Prices

Ebooks related to "Expectations and the Structure of Share Prices" :
Micro-Performance During Postwar Japan's High-Growth Era
Green Development in China: Models and Discussions
The Inner Lives of Markets: How People Shape Them-And They Shape Us
Corporate Governance and Corporate Social Responsibility of Indian Companies
Raising the Floor: How a Universal Basic Income Can Renew Our Economy and Rebuild the American Dream
Artificial Neural Networks in Finance and Manufacturing
Intermediate Accounting: 2014 FASB Update, 15th edition
Commercial and Consumer Law
H. Folmer - Valuation Methods and Policy Making in Environmental Economics
Econometrics of Risk
Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.