Expectations and the Structure of Share Prices

John G. Cragg and Burton G. Malkiel

Expectations and the Structure of Share Prices

John G. Cragg and Burton G. Malkiel

184 pages | © 1982
National Bureau of Economic Research Monograph
E-book $10.00 to $48.00 About E-books ISBN: 9780226116723 Published May 2009

John G. Cragg and Burton G. Malkiel collected detailed forecasts of professional investors concerning the growth of 175 companies and use this information to examine the impact of such forecasts on the market evaluations of the companies and to test and extend traditional models of how stock market values are determined.

Contents
Preface

1. Nature and Sources of Data
2. Consensus, Accuracy, and Completeness of the Earnings Growth Forecasts
3. Valuation Models and Earnings Growth
4. Empirical Connection of the Growth Forecasts with Share-Valuation Models

References
Index
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Economics and Business: Business--Business Economics and Management Studies | Economics--Money and Banking

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