[{"id":14426,"title":"Inside The Minds of Expected Stock Returns","permalink":"https:\/\/bschool.nus.edu.sg\/biz-events\/event\/inside-the-minds-of-expected-stock-returns\/","category":"Seminars and talks","event_dept":{"value":"finance","label":"Finance"},"event_sec_dept":null,"event_details":{"event_start_date":"26  August  2022","event_end_date":"26  August  2022","event_start_time":"12:00 pm","event_end_time":"1:00 pm","event_dress_code":"Smart casual"},"event_loc":{"eve_address_selection":"1","eve_location_1":{"eve_org":"NUS Business School","eve_build":"Mochtar Riady Building","eve_room":"SR 6-1","eve_add":"15 Kent Ridge Drive","eve_count":"Singapore","eve_copos":"119245","eve_map_url":"https:\/\/goo.gl\/maps\/Q1kyjwxHNE22"},"eve_location_2":{"eve_org":"Shaw Foundation Alumni House","eve_build":"","eve_room":"Clove and Lemongrass Room Level 2","eve_add":"11 Kent Ridge Drive","eve_count":"Singapore","eve_copos":119244,"eve_map_url":"https:\/\/goo.gl\/maps\/docgThkDWFxKdb9c7"},"eve_location_3":{"eve_org":"Hon Sui Sen Memorial Library Auditorium","eve_build":"","eve_room":"","eve_add":"1 Hon Sui Sen Drive","eve_count":"Singapore","eve_copos":117588,"eve_map_url":"https:\/\/goo.gl\/maps\/NJjWK4RMpC92"},"eve_location_4":{"eve_org":"NUSS Kent Ridge Guild House","eve_build":"","eve_room":"Dalvey Room","eve_add":"9 Kent Ridge Drive","eve_count":"Singapore","eve_copos":119241,"eve_map_url":"https:\/\/goo.gl\/maps\/nXn2Luh96pH2"},"eve_location_5":{"eve_org":"Institute of Data Science","eve_build":"Innovation 4.0","eve_room":"1-3","eve_add":"3 Research Link","eve_count":"Singapore","eve_copos":117602,"eve_map_url":"https:\/\/goo.gl\/maps\/i1xocvvDh27QUXem7"},"eve_location_6":{"eve_org":"","eve_build":"","eve_room":"","eve_add":"","eve_count":"","eve_copos":"","eve_map_url":""},"eve_location_7":""},"event_introduction":null,"event_short_intro":null,"event_topic":null,"event_banner":null,"event_external_url":null,"event_registration_details":null,"event_speaker":[{"event_speaker_name":"Byoung-Hyoun Hwang","event_speaker_designation":"Associate Professor, Finance","event_speaker_affiliation":"Nanyang Technological University","event_speaker_picture":"https:\/\/bschool.nus.edu.sg\/biz-events\/wp-content\/uploads\/sites\/42\/2022\/08\/Photograph_Byoung.jpg","event_speaker_url":"http:\/\/www.bhwang.com\/","event_speaker_introduction":"<p><em>[Joint research with Hailiang Chen, Byoung-Hyoun Hwang, and Zhuozhen Peng]<\/em><\/p>\n"}],"event_agenda":null,"event_photo_gallery":null,"event_presentations":null,"event_custom_heading":[{"event_custom_title":"NUS Brown Bag Seminar Series 2022","event_custom_details":"<p><span style=\"text-decoration: underline\"><strong>Abstract:<\/strong><\/span><br \/>\nThis paper compares the ability of three prominent frameworks to explain the cross-section of expected stock returns. We conduct textual analysis on a comprehensive sample of analyst reports and online stock opinion articles and test whether the justifications provided in the recommendations mostly (1) emphasize the stocks\u2019 level of risk, (2) indicate investor exuberance, or (3) point to a preference for stocks with high upside potential. We find that investors mostly point to the stocks\u2019 upside potential. Our results suggest that non-standard investor preferences play an important role in explaining the cross-section of expected stock returns.<\/p>\n"},{"event_custom_title":"","event_custom_details":""}],"event_enquiry_details":{"event_enq_full_name":"Patricia","event_enq_department":"Finance","event_enq_email":"","event_enq_telephone":"65163153","event_enq_website":""}}]