Dispersion of Opinion and Stock Returns
By W. Goetzmann, Massimo Massa. 2005
113 citations recorded by the source corpus.
Subfields: Economics and Econometrics, Finance, Management Science and Operations Research
View Paper: https://www.semanticscholar.org/paper/a3512ed3a292558476d72d47690a2bd183cdd96f
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Citations in the corpus
- Differences in herding: Individual vs. institutional investors (2017, unknown): “For example, dispersion in analysts' forecasts is a popular proxy of herding towards individual stocks (Diether et al., 2002), although Goetzmann and Massa (2005) claim that professional analysts' opinions do not necessarily reflect the expectations of the average investors.”
- Reference-Dependent Preferences and the Risk-Return Trade-Off (2017, unknown): “ences can lead to the disposition effect, as ar gued in Grinblatt and Han (2005) ; Odean (1998) ; Shefrin and Statman (1985) , and Frazzini (2006) .”
- Learning from Prices and the Dispersion in Beliefs (2011, background): “Diether et al. (2002) and Goetzmann and Massa (2005) document a negative relationship between belief dispersion and returns, which they motivate with the optimistic pricing model in Miller (1977).”