1. Introduction The price-earnings (PIE) valuation method estimates a firm's stock price as
the product of its earnings and the PIE multiple determined from a set of comparable firms. …

We use a simultaneous equations model to study forecast accuracy, analyst following, and
trading volume. Forecast accuracy and analyst following are determined simultaneously, with …

We present evidence that 20 percent of the 10-Ks in our sample are filed with the SEC after
the 90-day statutory due date. Firms that delay filing their 10-K are not a random sample of …

This study examines empirically the prediction of long-term stock return volatility. We find: (1)
when using historical volatility to predict five-year monthly volatility, returns should be …

The authors compared the safety, efficacy, and effects on gastric volume and pH of oral
transmucosal fentanyl citrate (OTFC) premedication and of placebo lollipop and no …

This paper examines empirically the effects of domicile and SEC registration and reporting
requirements on information asymmetry. We compare the adverse-selection component of …

We examine the relative importance of taxes and nontax factors in explaining companies'
decision to divest using a sale to a third party versus a spinoff to existing shareholders. We find …

The law of Laplace can be summarized in the following equation: P= 2TlR, where P is the
pressure within a bubble, T is its surface tension, and X is the radius of the bubble (1). This law …

A smart beta portfolio that tracks an explicit smart beta index has two performance benchmarks:
the smart beta index itself and a cap-weighted index that represents the broader equity …

This paper uses a simultaneous equations system to examine the effect of extreme accounting
events in the previous fiscal year on analyst following and forecast accuracy. We measure …