You are not currently logged in.
Access your personal account or get JSTOR access through your library or other institution:
If You Use a Screen ReaderThis content is available through Read Online (Free) program, which relies on page scans. Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
The Earnings Expectations Life Cycle
Financial Analysts Journal
Vol. 49, No. 2 (Mar. - Apr., 1993), pp. 90-93
Published by: CFA Institute
Stable URL: http://www.jstor.org/stable/4479635
Page Count: 4
Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Preview not available
This paper presents a graphic depiction of the relation between investor expectations and stock prices. The conclusions extend the use of earnings expectations beyond stock selection by demonstrating the influence that expectations have on both equity manager style and performance. In addition, the expectations "blue print" sheds new light on transaction costs.
Financial Analysts Journal © 1993 CFA Institute