Please use this identifier to cite or link to this item:
https://hdl.handle.net/20.500.14279/22773
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Andreou, Christoforos K. | - |
dc.contributor.author | Lambertides, Neophytos | - |
dc.contributor.author | Panayides, Photis | - |
dc.date.accessioned | 2021-06-23T11:03:53Z | - |
dc.date.available | 2021-06-23T11:03:53Z | - |
dc.date.issued | 2021 | - |
dc.identifier.citation | The British Accounting Review, 2021, vol. 53, no. 5, articl. no. 100972 | en_US |
dc.identifier.issn | 08908389 | - |
dc.identifier.uri | https://hdl.handle.net/20.500.14279/22773 | - |
dc.description.abstract | This 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.format | en_US | |
dc.language.iso | en | en_US |
dc.relation.ispartof | The British Accounting Review | en_US |
dc.rights | © Elsevier | en_US |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/4.0/ | * |
dc.subject | Distress risk | en_US |
dc.subject | Mispricing | en_US |
dc.subject | Earnings management | en_US |
dc.subject | Asset pricing anomalies | en_US |
dc.title | Distress risk anomaly and misvaluation | en_US |
dc.type | Article | en_US |
dc.collaboration | Cyprus University of Technology | en_US |
dc.subject.category | Economics and Business | en_US |
dc.journals | Subscription | en_US |
dc.country | Cyprus | en_US |
dc.subject.field | Social Sciences | en_US |
dc.publication | Peer Reviewed | en_US |
dc.identifier.doi | 10.1016/j.bar.2020.100972 | en_US |
dc.identifier.scopus | 2-s2.0-85099697110 | - |
dc.identifier.url | https://api.elsevier.com/content/abstract/scopus_id/85099697110 | - |
dc.relation.issue | 5 | en_US |
dc.relation.volume | 53 | en_US |
cut.common.academicyear | 2020-2021 | en_US |
item.grantfulltext | none | - |
item.openairecristype | http://purl.org/coar/resource_type/c_6501 | - |
item.openairetype | article | - |
item.cerifentitytype | Publications | - |
item.languageiso639-1 | en | - |
item.fulltext | No Fulltext | - |
crisitem.author.dept | Department of Shipping | - |
crisitem.author.dept | Department of Finance, Accounting and Management Science | - |
crisitem.author.dept | Department of Shipping | - |
crisitem.author.faculty | Faculty of Management and Economics | - |
crisitem.author.faculty | Faculty of Tourism Management, Hospitality and Entrepreneurship | - |
crisitem.author.faculty | Faculty of Management and Economics | - |
crisitem.author.orcid | 0000-0002-5395-4807 | - |
crisitem.author.orcid | 0000-0003-2864-1793 | - |
crisitem.author.orcid | 0000-0003-0593-1464 | - |
crisitem.author.parentorg | Faculty of Management and Economics | - |
crisitem.author.parentorg | Faculty of Management and Economics | - |
crisitem.author.parentorg | Faculty of Management and Economics | - |
crisitem.journal.journalissn | 1095-8347 | - |
crisitem.journal.publisher | Elsevier | - |
Appears in Collections: | Άρθρα/Articles |
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