Uncertainty-Embedded Financial Data and Stock Returns

by Xiao-Jun Zhang and Jasmine Zhang

Uncertainty-Embedded Financial Data and Stock Returns investigates the role of conservative accounting in capturing various types of uncertainty in a firm's operations and assesses how the resulting financial data can be harnessed to gauge risk and forecast stock returns. It challenges the conventional approach of employing cross-sectional return regression for empirically identifying financial ratios as "risk factors," suggesting...

• Format: Paperback
• Language: English
• ISBN: 1638284385
• ISBN13: 9781638284383
• Release Date: November 2024
• Publisher: Now Publishers
• Length: 132 Pages
• Weight: 0.43 lbs.
• Dimensions: 0.3" x 6.1" x 9.2"