๐”– Bobbio Scriptorium
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Dispersion of analysts' expectations and the cross-section of stock returns

โœ Scribed by Baik, Bokhyeon; Park, Cheolbeom


Book ID
126916927
Publisher
Taylor and Francis Group
Year
2003
Tongue
English
Weight
111 KB
Volume
13
Category
Article
ISSN
0960-3107

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Theories such as Merton [1987. A simple model of capital market equilibrium with incomplete information. Journal of Finance 42, 483โ€“510] predict a positive relation between idiosyncratic risk and expected return when investors do not diversify their portfolio. Ang, Hodrick, Xing, and Zhang [2006. Th