.../approach The data sample includes more than 4,700 A-shares listed on the Shenzhen and Shanghai stock exchanges from 2005 to 2025. Distress risk is measured by the distance-to-default of Merton (1974) or the Z″-score of Altman et al. (2017). Stock mispricing is measured based on the decomposition...

...Leandro Araújo Wickboldt; Márcio André Veras Machado Purpose This article aims to analyze whether local investor sentiment is causing mispricing in value premium in emerging Latin American countries and whether uncertainty mitigates this effect. Design/methodology/approach We analyzed 428 non...

.... From the behavioral explanation, to construct the mispricing factor, this paper relies on the method of Rhodes-Kropf et al. (2005), one of the most popular mispricing estimations in the financial literature with numerous citations (Jaffe et al., 2020). Findings While the CAPM...

... inflated prices in the presence of a cheap, perfect substitute. Originality/value The mispricing was special not just because of its severity but also because unlike previously documented cases there was no fundamental risk and no material noise trader risk. At first sight, this mispricing provided...

...) demonstrate greater susceptibility to mispricings due to sentiment compared to low‐yield bonds. The incremental yield spread gap between highand low‐yield bonds converges subsequent to periods of low sentiment, and diverges after high sentiment. Equity attributes marginally influence the impact of sentiment...