Expectations and the Structure of Share Prices
利用专业投资者对175家公司的增长预测数据,检验这些预测如何影响市场估值,并扩展传统股票定价模型。
John G. Cragg and Burton G. Malkiel collected detailed forecasts of professional investors concerning the growth of 175 companies and use this information to examine the impact of such forecasts on the market evaluations of the companies and to test and extend traditional models of how stock market values are determined.