已转化
原始素材 #41
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来源类型量化博客聚合
中文翻译
两个会计异常现象：一个可能是风险，另一个是错误定价 [Alpha Architect]
应计异常现象和盈余公告后漂移（PEAD）是会计与资产定价研究中历史最悠久的两大谜题。二者都描述了标准单期资产定价模型难以解释的收益模式，也都催生了大量文献。反复出现的核心问题始终如一：这究竟是市场对信息的错误定价，还是理性的
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Two Accounting Anomalies: One May Be Risk, the Other Is Mispricing [Alpha Architect]
Two of the longest-running puzzles in accounting and asset pricing research are the accrual anomaly and the post-earnings-announcement drift, or PEAD. Both describe return patterns that standard one-period asset pricing models struggle to explain, and both have generated a huge literature. The recurring question has been the same: is the market mispricing the information, or is it rationally
已转化
已转化为模式：应计异常与盈余公告后漂移(PEAD)