Rodney D Boehme

TL;DR: In this paper, the authors examined the valuation effects of the interaction between differences of opinion and short sale constraints and found that stocks are not systematically overvalued when either one of these two conditions is not met.

TL;DR: In this paper, the authors examine the valuation effects of the interaction between differences of opinion and short sale constraints and find robust evidence of significant overvaluation for stocks that are subject to both conditions simultaneously.

TL;DR: Boehme and Sorescu as mentioned in this paper examined the long-term stock performance following dividend initiations and resumptions from 1927 to 1998, and showed that postannouncement abnormal returns are significantly positive for equally weighted calendar time portfolios, but become insignificant when the portfolios are value weighted.

TL;DR: The authors examined the cross-sectional effects of idiosyncratic risk and dispersion of beliefs while controlling for short-sale constraints, and found that when short sale constraints are present, increased analyst dispersion and idiosyncratic volatility produce negative abnormal returns, consistent with Miller (1977).

TL;DR: In this article, the authors theoretically and empirically investigate the role of information on the cross section of stock returns and firms' cost of capital when investors face estimation risk and learn from noisy signals of uncertain quality.