A Model of Equity Pricing in Light of Insider Stock Donations

2022 ◽  
Author(s):  
Anil Arya ◽  
Brian Mittendorf ◽  
Ram Ramanan
Keyword(s):  
Equity Pricing

Does Religion Matter to Equity Pricing?

2012 ◽  
Vol 111 (4) ◽  
pp. 491-518 ◽  
Author(s):  
Sadok El Ghoul ◽  
Omrane Guedhami ◽  
Yang Ni ◽  
Jeffrey Pittman ◽  
Samir Saadi
Keyword(s):  
Equity Pricing

scholarly journals Pricing of drugs and donations: options for sustainable equity pricing

2001 ◽  
Vol 6 (11) ◽  
pp. 960-964 ◽  
Author(s):  
Carmen Perez-Casas ◽  
Emilia Herranz ◽  
Nathan Ford
Keyword(s):  
Equity Pricing

scholarly journals Shorting Down Value: The Toxic Effect of Insufficient Internal Liquidity

2010 ◽  
Vol 13 (02) ◽  
pp. 175-202 ◽  
Author(s):  
Austin Murphy ◽  
Joe Callaghan ◽  
Mohinder Parkash
Keyword(s):  
Short Sales ◽  
Market Prices ◽  
Short Sellers ◽  
Equity Pricing ◽  
Intrinsic Values ◽  
Downward Pressure ◽  
External Capital ◽  
Empirical Tests ◽  
Cash Reserves ◽  
Normative Justification

This paper demonstrates analytically how short sellers can put non-transitory downward pressure on the stock market prices and intrinsic values of companies that need to raise external capital because of insufficient internal liquidity. The model helps explain anomalous empirical findings in the extant literature on negative returns to stocks subjected to heavy shorting activity. The implications of the model also supply normative justification for the sizable cash reserves held by corporations and their reluctance to raise external capital. The equity pricing effects implied by the model are illustrated for a large empirical sample of companies negatively impacted by heavy short sales. Empirical tests are also conducted in this research that provide evidence consistent with the theory.

The Value Relevance of Components of Other Comprehensive Income When Net Income Is Disaggregated

2016 ◽  
Vol 19 (04) ◽  
pp. 1650027 ◽  
Author(s):  
Taisier A. Zoubi ◽  
Feras Salama ◽  
Mahmud Hossain ◽  
Yass A. Alkafaji
Keyword(s):  
Stock Returns ◽  
Value Relevance ◽  
Net Income ◽  
Comprehensive Income ◽  
Equity Pricing ◽  
Other Comprehensive Income

The purpose of this study is to examine the equity pricing of other comprehensive income when earnings are disaggregated into several components. Our findings indicate that other comprehensive income can better explain variation in stock returns when net income is reported in a disaggregated form. Additionally, we find that disaggregating both net income and other comprehensive income can explain more of the variation in the stock returns than the two summary components of comprehensive income. Our results survive a series of robustness checks.

A Supply and Demand Approach to Equity Pricing

2019 ◽  
Author(s):  
Sebastien Betermier ◽  
Laurent E. Calvet ◽  
Evan Jo
Keyword(s):  
Supply And Demand ◽  
Equity Pricing
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