The behavior of stock analysts: Empirical evidence of “economic rents” across market capitalization accruing from consensus forecast Eps errors

This paper examines the market’s reaction to brokerages’ recommendations on the Vietnamese stock market. The results indicate that stock analysts tend to show a drastically positive bias, with the overwhelming number of optimistic recommendations compared to negative ones. The abnormal rate of return following upscaling recommendations is positive, incremental, and statistically significant from the offered moment to a month later, which is consistent with results from different measures of the standard portfolio. However, the study has not found cogent evidence of the market reaction to downgrading recommendations. This research emphasizes the significant role of analytical information on the stock market in Vietnam, and the implications are discussed based on this study’s findings. The study results are the foundation for investors’ considerations about brokerages’ proposals before their trades.

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Testing Gibrat's Law: An Empirical Evidence from Indian Industry

Asia Pacific Business Review ◽

10.1177/097324700800400404 ◽

2008 ◽

Vol 4 (4) ◽

pp. 38-52 ◽

Cited By ~ 1

Author(s):

Priyanka Aggarwal ◽

Subhash Chander

Keyword(s):

Growth Rate ◽

Time Series ◽

Empirical Evidence ◽

Time Series Data ◽

Series Data ◽

Gibrat’S Law ◽

Market Capitalization ◽

Indian Industry ◽

Gibrat's Law ◽

Corporate Growth

According to Gibrat's law of Proportionate Effect, the growth rate of a given firm is independent of its size at the beginning of the examined period. The objective of this paper is to empirically analyze the pattern of corporate growth for an emerging economy, namely India. Balanced time series data of approximately 300 firms over the years 1991–92 to 2005–06 has been used to explore the size and growth relationship. The size of a firm has been measured in terms of net sales, total assets, and market capitalization. The data for various attributes has been taken from ‘PROWESS’ a database of CMIE. SPSS 10.05 has been used to perform the statistical applications.

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Blowing Smoke: A Case of Rent Extraction

Journal of Public Finance and Public Choice ◽

10.1332/251569201x15668905707104 ◽

2001 ◽

Vol 19 (1) ◽

pp. 23-38 ◽

Cited By ~ 1

Author(s):

Jeffrey Haymond

Keyword(s):

United States ◽

Empirical Evidence ◽

Event Study ◽

Tobacco Industry ◽

The United States ◽

Rent Extraction ◽

Market Capitalization ◽

Study Methodology ◽

Political Model ◽

Event Study Methodology

Abstract McChesney’s theory of rent extraction describes a political model of extortion. Politicians can benefit not only by creating rents, but also by extracting privately created rents. This theory is tested empirically using event study methodology for the United States national tobacco bill, debated in Congress during 1997 and 1998. The tobacco industry was threatened with punitive legislation, lost wealth (in terms of market capitalization), and ultimately no bill was passed. In McChesney’s words, money for nothing. The empirical evidence strongly supports the view that private rents were extracted with this proposed legislation.

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Challenges to the social motivation theory of autism: The dangers of counteracting an imprecise theory with even more imprecision

Behavioral and Brain Sciences ◽

10.1017/s0140525x18002339 ◽

2019 ◽

Vol 42 ◽

Cited By ~ 2

Author(s):

Mirko Uljarević ◽

Giacomo Vivanti ◽

Susan R. Leekam ◽

Antonio Y. Hardan

Keyword(s):

Empirical Evidence ◽

Social Motivation ◽

Motivation Theory ◽

The Social

Abstract The arguments offered by Jaswal & Akhtar to counter the social motivation theory (SMT) do not appear to be directly related to the SMT tenets and predictions, seem to not be empirically testable, and are inconsistent with empirical evidence. To evaluate the merits and shortcomings of the SMT and identify scientifically testable alternatives, advances are needed on the conceptualization and operationalization of social motivation across diagnostic boundaries.

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Integrating perspectives: How the development of second-personal competence lays the foundation for a second-personal morality

Behavioral and Brain Sciences ◽

10.1017/s0140525x1900236x ◽

2020 ◽

Vol 43 ◽

Author(s):

John Corbit ◽

Chris Moore

Keyword(s):

Empirical Evidence ◽

Developmental Process ◽

Focal Point ◽

Personal Information ◽

Personal Competence ◽

Triadic Interactions ◽

Personal Morality ◽

Integrative Process

Abstract The integration of first-, second-, and third-personal information within joint intentional collaboration provides the foundation for broad-based second-personal morality. We offer two additions to this framework: a description of the developmental process through which second-personal competence emerges from early triadic interactions, and empirical evidence that collaboration with a concrete goal may provide an essential focal point for this integrative process.

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The drop and collect survey among industrial populations: theory and empirical evidence

Industrial Marketing Management ◽

10.1016/s0019-8501(02)00273-0 ◽

2002 ◽

Cited By ~ 2

Author(s):

K Ibeh

Keyword(s):

Empirical Evidence

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Men Are Hierarchical, Women Are Egalitarian: An Implicit Gender Stereotype

Swiss Journal of Psychology ◽

10.1024/1421-0185.63.2.107 ◽

2004 ◽

Vol 63 (2) ◽

pp. 107-111 ◽

Cited By ~ 30

Author(s):

Marianne Schmid Mast

Keyword(s):

Empirical Evidence ◽

Implicit Association Test ◽

Gender Stereotype ◽

Association Test ◽

Implicit Association ◽

Two Samples

The goal of the present study was to provide empirical evidence for the existence of an implicit hierarchy gender stereotype indicating that men are more readily associated with hierarchies and women are more readily associated with egalitarian structures. To measure the implicit hierarchy gender stereotype, the Implicit Association Test (IAT, Greenwald et al., 1998) was used. Two samples of undergraduates (Sample 1: 41 females, 22 males; Sample 2: 35 females, 37 males) completed a newly developed paper-based hierarchy-gender IAT. Results showed that there was an implicit hierarchy gender stereotype: the association between male and hierarchical and between female and egalitarian was stronger than the association between female and hierarchical and between male and egalitarian. Additionally, men had a more pronounced implicit hierarchy gender stereotype than women.

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Socially Shared Regulation of Learning: A Review

European Psychologist ◽

10.1027/1016-9040/a000226 ◽

2015 ◽

Vol 20 (3) ◽

pp. 190-203 ◽

Cited By ~ 67

Author(s):

Ernesto Panadero ◽

Sanna Järvelä

Keyword(s):

Empirical Evidence ◽

Learning Theory ◽

Qualitative Data ◽

Social Regulation ◽

Observation Data ◽

Optimal Form ◽

Self Regulated Learning ◽

The Past ◽

Recorded Observation ◽

Socially Shared Regulation

Abstract. Socially shared regulation of learning (SSRL) has been recognized as a new and growing field in the framework of self-regulated learning theory in the past decade. In the present review, we examine the empirical evidence to support such a phenomenon. A total of 17 articles addressing SSRL were identified, 13 of which presented empirical evidence. Through a narrative review it could be concluded that there is enough data to maintain the existence of SSRL in comparison to other social regulation (e.g., co-regulation). It was found that most of the SSRL research has focused on characterizing phenomena through the use of mixed methods through qualitative data, mostly video-recorded observation data. Also, SSRL seems to contribute to students’ performance. Finally, the article discusses the need for the field to move forward, exploring the best conditions to promote SSRL, clarifying whether SSRL is always the optimal form of collaboration, and identifying more aspects of groups’ characteristics.

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