Political Ties and Predictable Returns

2018 ◽  
Author(s):  
Siyi Shen
Author(s):  
Alexandre Corhay ◽  
Howard Kung ◽  
Lukas Schmid
Keyword(s):  

2019 ◽  
Author(s):  
Meghana Ayyagari ◽  
April M. Knill ◽  
Kelsey Syvrud
Keyword(s):  

Author(s):  
Samuel M Hartzmark ◽  
David H Solomon

Abstract Investors’ perception of performance is biased because the relevant measure, returns, is rarely displayed. Major indices ignore dividends, thereby underreporting market performance. Newspapers are more pessimistic on ex-dividend days, consistent with mistaking the index for returns. Market betas should track returns, but track prices more than dividends, creating predictable returns. Mutual funds receive inflows for “beating the S&P 500” price index based on net asset value (also not a return). Investors extrapolate market indices, not returns, when forming annual performance expectations. Displaying returns by default would ameliorate these issues, which arise despite high attention and agreement on the appropriate measure.


2021 ◽  
Vol 27 (1) ◽  
pp. 100829
Author(s):  
Cong Su ◽  
Lingshuang Kong ◽  
Francesco Ciabuschi ◽  
Haifeng Yan

Accounting ◽  
2020 ◽  
pp. 241-258 ◽  
Author(s):  
An Thi Hong Nguyen ◽  
Phuong V. Nguyen ◽  
Minh Ngoc Tuong Ly

2014 ◽  
Vol 36 (11) ◽  
pp. 1615-1636 ◽  
Author(s):  
Weiting Zheng ◽  
Kulwant Singh ◽  
Will Mitchell

Sign in / Sign up

Export Citation Format

Share Document