| dc.contributor | 財管系 | zh_TW |
| dc.creator (作者) | Lin, Wen-Chun | en_US |
| dc.creator (作者) | Chang, Shao-Chi | en_US |
| dc.creator (作者) | 陳聖賢 | zh_TW |
| dc.creator (作者) | Chen, Sheng-Syan | en_US |
| dc.creator (作者) | Liao, Tsai-Ling | en_US |
| dc.date (日期) | 2013 | |
| dc.date.accessioned | 15-Jun-2018 12:10:55 (UTC+8) | - |
| dc.date.available | 15-Jun-2018 12:10:55 (UTC+8) | - |
| dc.date.issued (上傳時間) | 15-Jun-2018 12:10:55 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/117781 | - |
| dc.description.abstract (摘要) | We set out to determine whether the over-optimism of analysts has negative impacts on the subsequent long-run performance of firms following private placements of equity (PIPEs). Our results indicate that analysts do tend to make over-optimistic forecasts at the time of PIPEs, and that such over-optimistic forecasts can lead to investors erroneously overstating the value of placement firms, resulting in subsequent revisions of their valuations over time. We further infer that when firms announce their PIPEs, over-optimistic forecasts tend to lead to overstated valuations. The evidence shows that the long-run performance of PIPEs has a negative correlation with over-optimistic forecasts. | en_US |
| dc.format.extent | 254516 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | Finance Research Letters, Vol.10, No.2, pp.82-92 | zh_TW |
| dc.subject (關鍵詞) | Private equity placements; Financial analysts forecast; Over-optimism; Long-run performance | en_US |
| dc.title (題名) | The Over-optimism of Financial Analysts and the Long-Run Performance of Firms Following Private Placements of Equity | en_US |
| dc.type (資料類型) | article | |
| dc.identifier.doi (DOI) | 10.1016/j.frl.2012.12.001 | |
| dc.doi.uri (DOI) | https://doi.org/10.1016/j.frl.2012.12.001 | |
