February 11, 2014
12:30 PM - 2:00 PM

Acctg. Seminar: Lindsey Gallo (U. of Maryland) "The More We Know about Fundamentals, the Less We Agree on Price? Evidence from Earnings Announcements"

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Can an earnings announcement decrease disagreement about fundamentals whilesimultaneously increasing disagreement about price? Kondor (2012) develops a rational expectations model in which the presence of short-horizon investors can lead to a polarization of higher-order beliefs about price (i.e., beliefs regarding the opinions of other investors), even as a public announcement reduces disagr...

For more information please e-mail Jeffrey Jullich