scholarly journals Analyst Recommendations, Mutual Fund Herding, and Overreaction in Stock Prices

2012 ◽  
Author(s):  
Nerissa C. Brown ◽  
Russ R. Wermers ◽  
Kelsey D. Wei
Keyword(s):  
Mutual Fund ◽  
Stock Prices ◽  
Analyst Recommendations

scholarly journals Analyst Recommendations, Mutual Fund Herding, and Overreaction in Stock Prices

2014 ◽  
Vol 60 (1) ◽  
pp. 1-20 ◽  
Author(s):  
Nerissa C. Brown ◽  
Kelsey D. Wei ◽  
Russ Wermers
Keyword(s):  
Mutual Fund ◽  
Stock Prices ◽  
Analyst Recommendations

Mutual Fund Herding and the Impact on Stock Prices

CFA Digest ◽  
1999 ◽  
Vol 29 (4) ◽  
pp. 48-49
Author(s):  
H. Kent Baker
Keyword(s):  
Mutual Fund ◽  
Stock Prices ◽  
The Impact

Laborers Local 829 Health and Welfare Plan: Testing Investments and Receivables

2001 ◽  
Vol 16 (4) ◽  
pp. 637-662 ◽  
Author(s):  
Thomas J. Hogan ◽  
James L. Bierstaker ◽  
William E. Seltz
Keyword(s):  
Health Care ◽  
Health Care Provider ◽  
Care Provider ◽  
Mutual Fund ◽  
Stock Prices ◽  
Accounting Practitioners

Laborers Local 829 serves as a multi-employer health care provider for union construction members. The case focuses on accounting situations that might be faced on an audit engagement. The purpose of this case is to provide you with a realistic audit situation that requires you to think critically, plan and perform audit tests of investments and receivables, consider accounting issues related to receivables, and review and prepare audit working papers. Data for the case are based on an actual audit engagement performed by accounting practitioners. Names used, however, are fictitious. Investments consist of holdings similar to those of a mutual fund. Actual stock prices are used for the holdings.

Stock Market Bubbles? A Reply

1995 ◽  
Vol 55 (3) ◽  
pp. 655-665 ◽  
Author(s):  
Eugene N. White
Keyword(s):  
Stock Market ◽  
Mutual Fund ◽  
Stock Prices ◽  
Mean Reversion ◽  
Efficient Markets ◽  
Excess Volatility ◽  
Stock Market Bubbles ◽  
The Mean ◽  
Predictable Returns

Research in finance is guided by powerful intuitions from models of efficient markets. However, researchers have uncovered a number of puzzles that are not explained by these models. Such anomalies include the excess volatility of stock prices, the closed-end mutual fund paradox, and the mean reversion in stock prices that produces predictable returns for long holding periods.1 Whereas financial economists all recognize the existence of these puzzles, they disagree about how they can be explained. Robert J. Shiller argues, for example, that efficient-markets models cannot hope to explain these anomalies and looks to alternatives that incorporate fads.2 In contrast, John H. Cochrane believes that the puzzles can be explained by improved models of fundamentals.3

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