1. Ktisis Cyprus University of Technology
  2. Cyprus University of Technology (Research Output)
  3. Άρθρα/Articles
Please use this identifier to cite or link to this item: https://hdl.handle.net/20.500.14279/22773
DC FieldValueLanguage
dc.contributor.authorAndreou, Christoforos K.-
dc.contributor.authorLambertides, Neophytos-
dc.contributor.authorPanayides, Photis-
dc.date.accessioned2021-06-23T11:03:53Z-
dc.date.available2021-06-23T11:03:53Z-
dc.date.issued2021-
dc.identifier.citationThe British Accounting Review, 2021, vol. 53, no. 5, articl. no. 100972en_US
dc.identifier.issn08908389-
dc.identifier.urihttps://hdl.handle.net/20.500.14279/22773-
dc.description.abstractThis paper examines the effects of misvaluation on the well-documented negative relation between distress risk and stock returns (distress risk anomaly). Findings indicate that distress risk is negatively related to subsequent stock returns only in the subset of the most overvalued stocks, which is consistent with mispricing explanations provided by prior studies. The distress anomaly disappears after controlling for mispricing effects. Further analysis reveals earnings management to be one possible cause for the overvaluation of highly distressed firms. The results are robust to alternative specifications of distress risk and mispricing measures.en_US
dc.formatpdfen_US
dc.language.isoenen_US
dc.relation.ispartofThe British Accounting Reviewen_US
dc.rights© Elsevieren_US
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectDistress risken_US
dc.subjectMispricingen_US
dc.subjectEarnings managementen_US
dc.subjectAsset pricing anomaliesen_US
dc.titleDistress risk anomaly and misvaluationen_US
dc.typeArticleen_US
dc.collaborationCyprus University of Technologyen_US
dc.subject.categoryEconomics and Businessen_US
dc.journalsSubscriptionen_US
dc.countryCyprusen_US
dc.subject.fieldSocial Sciencesen_US
dc.publicationPeer Revieweden_US
dc.identifier.doi10.1016/j.bar.2020.100972en_US
dc.identifier.scopus2-s2.0-85099697110-
dc.identifier.urlhttps://api.elsevier.com/content/abstract/scopus_id/85099697110-
dc.relation.issue5en_US
dc.relation.volume53en_US
cut.common.academicyear2020-2021en_US
item.fulltextNo Fulltext-
item.cerifentitytypePublications-
item.grantfulltextnone-
item.openairecristypehttp://purl.org/coar/resource_type/c_6501-
item.openairetypearticle-
item.languageiso639-1en-
crisitem.journal.journalissn1095-8347-
crisitem.journal.publisherElsevier-
crisitem.author.deptDepartment of Shipping-
crisitem.author.deptDepartment of Finance, Accounting and Management Science-
crisitem.author.deptDepartment of Shipping-
crisitem.author.facultyFaculty of Management and Economics-
crisitem.author.facultyFaculty of Tourism Management, Hospitality and Entrepreneurship-
crisitem.author.facultyFaculty of Management and Economics-
crisitem.author.orcid0000-0002-5395-4807-
crisitem.author.orcid0000-0003-2864-1793-
crisitem.author.orcid0000-0003-0593-1464-
crisitem.author.parentorgFaculty of Management and Economics-
crisitem.author.parentorgFaculty of Management and Economics-
crisitem.author.parentorgFaculty of Management and Economics-
Appears in Collections:Άρθρα/Articles
CORE Recommender
Show simple item record

SCOPUSTM   
Citations

3
checked on Mar 14, 2024

WEB OF SCIENCETM
Citations

2
Last Week
0
Last month
0
checked on Oct 29, 2023

Page view(s)

261
Last Week
7
Last month
11
checked on May 9, 2024

Google ScholarTM

Check

Altmetric


This item is licensed under a Creative Commons License Creative Commons