Differences of Opinion and the Cross Section of Stock Returns

Keywords

Stock (firearms), Proxy (statistics), Earnings, Economics, Dispersion (optics)

References

• Stock Prices and Differences of Opinion: Empirical Evidence that Prices Reflect OptimismAnna Scherbina — 2001
• On Divergence of Opinion and Imperfections in Capital MarketsJoram Mayshar — 1983
• Equilibrium and welfare in markets with financially constrained arbitrageursDenis Gromb, Dimitri Vayanos — 2002
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• Heterogeneity of Trade and Stock Returns. Evidence from Index Fund InvestorsWilliam N. Goetzmann, Massimo Massa — 2001
• Common risk factors in the returns on stocks and bondsEugene F. Fama, Kenneth R. French — 1993
• Do Industries Explain MomentumTobias J. Moskowitz, Mark Grinblatt — 1999
• Presidential Address: A simple model of capital market equilibrium with incomplete informationRobert C. Merton — 1987
• Capital asset prices with heterogeneous beliefsJoseph Williams — 1977
• The Persistence of Mutual Fund PerformanceMark Grinblatt, Sheridan Titman — 1992
• Differences of Opinion Make a Horse RaceMilton Harris, Artur Raviv — 1993
• Self-selection and Analyst CoverageMaureen F. McNichols, Patricia C. O’Brien — 1997
• Speculative Investor Behavior and LearningSara Morris — 1996
• The Limits of ArbitrageAndrei Shleifer, Robert W. Vishny — 1997
• Risk, Return, and Equilibrium: Empirical TestsEugene F. Fama, James D. MacBeth — 1973
• PRIOR UNCERTAINTY, ANALYST BIAS, AND SUBSEQUENT ABNORMAL RETURNSLucy F. Ackert, George Athanassakos — 1997
• Multifactor Explanations of Asset Pricing AnomaliesEugene F. Fama, Kenneth R. French — 1996
• Risk, Uncertainty, and Divergence of OpinionEdward M. Miller — 1977
• Heterogeneous Expectations, Restrictions on Short Sales, and Equilibrium Asset PricesRobert A. Jarrow — 1980
• Returns to Buying Winners and Selling Losers: Implications for Stock Market EfficiencyNarasimhan Jegadeesh, Sheridan Titman — 1993

Cited by

• Dispersion of Forecasts and Stock ReturnsBilal Erturk — 2006
• Inflation Bets on the Long BondHarrison Hong, David Sraer, Jialin Yu — 2016
• Local and Global Sentiment Effects, and the Role of Legal, Information and Trading EnvironmentsCandie Chang, Robert W. Faff, Chuan-Yang Hwang — 2012
• Speculative Behavior and Heterogeneous Expectations: Theory and EvidenceCheolbeom Park — 2002
• Essays on investor behaviorEmre Ozgur Akay — 2008
• Speculative Trading and Stock ReturnsPan Li, Ya Tang, Jianguo Xu — 2016
• Selective disclosure: the case of the Korean securities marketJu Hyun Lee — 2010
• Heterogeneous Beliefs, a Short-Sale Restriction, and the Cross Section of Stock Returns: An Evidence from ChinaShin Ikeda, Yan Zhang — 2012
• Divergence of Opinion and the Cross Section of Stock ReturnsJin Wu — 2005
• Corporate Transparency and Bond LiquidityFalko Fecht, Roland FFss, Philipp Rindler — 2014
• The impact of information uncertainty on stock price performance and managers' equity financing decisionHua Jun — 2011
• Expectations of equity risk premia, volatility and asymmetryJohn R. Graham, Campbell R. Harvey, Wayne E. Ferson — 2003
• Empirical Essays in Corporate Finance and Financial ReportingMarieke van der Poel — 2003
• On the journey of overseas listing : an empirical analysis on Chinese enterprises to list on the Hong Kong Stock ExchangeRan Wang — 2010
• Essays in empirical corporate finance: covenant violations, market timing and product market competitionBurcu Esmer — 2011
• A Theory of Disclosure in Speculative MarketsAndrew Hertzberg — 2017
• The Cost of Shorting, Asymmetric Performance Reaction and the Price Response to Economic ShocksJosé Renato Haas Ornelas, Pablo José Campos de Carvalho — 2015
• Disagreement and Stock Prices in the JASDAQ: An Empirical Investigation Using Market Survey DataTokuo Iwaisako — 2008
• Should Analysts Act AloneRobert J. Bloomfield, Jeffrey Hales — 2006
• Security Analysts’ Earnings Forecasts: Distributions Normality and a Comparative Analysis of Fitted Distribution Types in the Development of a Surrogate ConsensusHenry Leung — 2011

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