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Do Investors Overrely on Old Elements of the Earnings Time Series?*
16 references·16 citing·38 second hopsampled
Do Investors Overrely on Old Elements of the Earnings Time Series?* (2003)Do Investors Overrely on Old Elements of …EARNINGS RELEASES, ANOMALIES, AND THE BEHAVIOR OF SECURITY RETURNS (2001)EARNINGS RELEASES, ANOMALIES,…Effects of Comprehensive-Income Characteristics on Nonprofessional Investors' Judgments: The Role of Financial-Statement Presentation Format (2000)Effects of Comprehensive-Inco…What is the Intrinsic Value of the Dow? (1999)What is the Intrinsic Value o…An empirical assessment of the residual income valuation model (1999)An empirical assessment of th…Investor Psychology and Security Market Under‐ and Overreactions (1998)Investor Psychology and Secur…A model of investor sentiment1We are grateful to the NSF for financial support, and to Oliver Blanchard, Alon Brav, John Campbell (a referee), John Cochrane, Edward Glaeser, J.B. Heaton, Danny Kahneman, David Laibson, Owen Lamont, Drazen Prelec, Jay Ritter (a referee), Ken Singleton, Dick Thaler, an anonymous referee, and the editor, Bill Schwert, for comments.1 (1998)A model of investor sentiment…Contrarian Investment, Extrapolation, and Risk (1994)Contrarian Investment, Extrap…The weighing of evidence and the determinants of confidence (1992)The weighing of evidence and …Tests of Analysts' Overreaction/Underreaction to Earnings Information as an Explanation for Anomalous Stock Price Behavior (1992)Tests of Analysts' Overreacti…Evidence that stock prices do not fully reflect the implications of current earnings for future earnings (1990)Evidence that stock prices do…Further Evidence On Investor Overreaction and Stock Market Seasonality (1987)Further Evidence On Investor …Does the Stock Market Overreact? (1985)Does the Stock Market Overrea…Earnings Releases, Anomalies, and the Behavior of Security Returns. (1984)Earnings Releases, Anomalies,…The dilution effect: Nondiagnostic information weakens the implications of diagnostic information (1981)The dilution effect: Nondiagn…Judgment under Uncertainty: Heuristics and Biases (1974)Judgment under Uncertainty: H…A model of investor sentiment /A model of investor sentiment…Trader Participation in Disclosure: Implications of Interactions with Management (2019)Trader Participation in Discl…Examination and implications of experimental research on investor perceptions (2019)Examination and implications …Disclaiming the Future: Investigating the Impact of Cautionary Disclaimers on Investor Judgments Before and After Experiencing Economic Loss (2017)Disclaiming the Future: Inves…Earnings Metrics, Information Processing, and Price Efficiency in Laboratory Markets (2015)Earnings Metrics, Information…The Neuroscience Behind the Stock Market's Reaction to Corporate Earnings News (2014)The Neuroscience Behind the S…Equity valuation models and target price accuracy in Europe: Evidence from equity reports (2013)Equity valuation models and t…Does liquidity risk explain low firm performance following seasoned equity offerings? (2012)Does liquidity risk explain l…Feedback Mechanisms, Judgment Bias, and Trust Formation in Online Auctions* (2011)Feedback Mechanisms, Judgment…Do the Benefits of Reducing Accounting Complexity Persist in Markets Prone to Bubble?* (2011)Do the Benefits of Reducing A…Aggregating Incomplete Lists of Journal Rankings: An Application to Academic Accounting Journals* (2010)Aggregating Incomplete Lists …Confidence and trading aggressiveness of naïve investors: effects of information quantity and consistency (2009)Confidence and trading aggres…Investor and price response to patterns in earnings surprises (2008)Investor and price response t…Firm Image and Individual Investment Decisions (2006)Firm Image and Individual Inv…Feedback loops, fair value accounting and correlated investments (2006)Feedback loops, fair value ac…Evaluation of the IASB's Proposed Accounting and Disclosure Requirements for Share-Based Payment (2004)Evaluation of the IASB's Prop…Confidence and Investors' Reliance on Disciplined Trading Strategies (2003)Confidence and Investors' Rel…Editor's Choice Digesting Anomalies: An Investment ApproachRisk, Return, and Equilibrium: Empirical Tests (1973)Mean reversion in stock prices (1988)Post-Earnings-Announcement Drift: Delayed Price Response or Risk Premium? (1989)Market efficiency, long-term returns, and behavioral finance1The comments of Brad Barber, David Hirshleifer, S.P. Kothari, Owen Lamont, Mark Mitchell, Hersh Shefrin, Robert Shiller, Rex Sinquefield, Richard Thaler, Theo Vermaelen, Robert Vishny, Ivo Welch, and a referee have been helpful. Kenneth French and Jay Ritter get special thanks.1 (1998)Investor Psychology and Asset Pricing (2001)Evidence of Predictable Behavior of Security Returns (1990)The Geography of Equity Analysis (2005)Profitability, investment and average returns (2006)The Disposition Effect and Underreaction to News (2006)The General Theory of Employment, Interest and Money, by John Maynard Keynes (1936)The General Theory of Employment, Interest and Money. (1936)Norm theory: Comparing reality to its alternatives. (1986)Positive Feedback Investment Strategies and Destabilizing Rational Speculation (1990)Continuous Auctions and Insider Trading (1985)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)A Unified Theory of Underreaction, Momentum Trading, and Overreaction in Asset Markets (1999)Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors (2000)Boys will be Boys: Gender, Overconfidence, and Common Stock Investment (2001)Judgment Under Uncertainty: Heuristics and Biases. (1984)Multifactor Explanations of Asset Pricing Anomalies (1996)Prospect Theory: An Analysis of Decision under Risk (1979)The theory of planned behavior (1991)A power primer. (1992)Confirmation Bias: A Ubiquitous Phenomenon in Many Guises (1998)A perspective on judgment and choice: Mapping bounded rationality. (2003)The Cross-Section of Expected Stock Returns (1992)Investor Sentiment and the Cross‐Section of Stock Returns (2006)Judgment under Uncertainty: Heuristics and Biases (1975)In Search of Attention (2011)Subjective probability: A judgment of representativeness (1972)Availability: A heuristic for judging frequency and probability (1973)On the psychology of prediction. (1973)The Framing of Decisions and the Psychology of Choice (1981)Development of NASA-TLX (Task Load Index): Results of Empirical and Theoretical Research (1988)Epistemic Injustice (2007)Bad News Travels Slowly: Size, Analyst Coverage, and the Profitability of Momentum Strategies (2000)Integración de los mercados financieros Latinoamericanos por medio de MILA (2020)
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References

  • 1974Judgment under Uncertainty: Heuristics and Biases28,742 cited
  • 1985Does the Stock Market Overreact?7,569 cited
  • 1998Investor Psychology and Security Market Under‐ and Overreactions5,711 cited
  • 1994Contrarian Investment, Extrapolation, and Risk4,198 cited
  • n.d.A model of investor sentiment /4,073 cited
  • 1998A model of investor sentiment1We are grateful to the NSF for financial support, and to Oliver Blanchard, Alon Brav, John Campbell (a referee), John Cochrane, Edward Glaeser, J.B. Heaton, Danny Kahneman, David Laibson, Owen Lamont, Drazen Prelec, Jay Ritter (a referee), Ken Singleton, Dick Thaler, an anonymous referee, and the editor, Bill Schwert, for comments.12,865 cited
  • 1987Further Evidence On Investor Overreaction and Stock Market Seasonality2,374 cited
  • 1990Evidence that stock prices do not fully reflect the implications of current earnings for future earnings2,010 cited
  • 1992The weighing of evidence and the determinants of confidence1,842 cited
  • 1992Tests of Analysts' Overreaction/Underreaction to Earnings Information as an Explanation for Anomalous Stock Price Behavior1,003 cited
  • 1999An empirical assessment of the residual income valuation model918 cited
  • 2000Effects of Comprehensive-Income Characteristics on Nonprofessional Investors' Judgments: The Role of Financial-Statement Presentation Format759 cited
  • 1999What is the Intrinsic Value of the Dow?716 cited

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  • 1981The dilution effect: Nondiagnostic information weakens the implications of diagnostic information605 cited
  • 1984Earnings Releases, Anomalies, and the Behavior of Security Returns.552 cited
  • 2001EARNINGS RELEASES, ANOMALIES, AND THE BEHAVIOR OF SECURITY RETURNS512 cited
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    • 2019Trader Participation in Disclosure: Implications of Interactions with Management46 cited
    • 2017Disclaiming the Future: Investigating the Impact of Cautionary Disclaimers on Investor Judgments Before and After Experiencing Economic Loss44 cited
    • 2014The Neuroscience Behind the Stock Market's Reaction to Corporate Earnings News44 cited
    • 2006Feedback loops, fair value accounting and correlated investments39 cited
    • 2019Examination and implications of experimental research on investor perceptions33 cited
    • 2011Do the Benefits of Reducing Accounting Complexity Persist in Markets Prone to Bubble?*33 cited
    • 2010Aggregating Incomplete Lists of Journal Rankings: An Application to Academic Accounting Journals*32 cited
    • 2008Investor and price response to patterns in earnings surprises31 cited
    • 2003Confidence and Investors' Reliance on Disciplined Trading Strategies31 cited
    • 2012Does liquidity risk explain low firm performance following seasoned equity offerings?29 cited
    • 2009Confidence and trading aggressiveness of naïve investors: effects of information quantity and consistency25 cited
    • 2004Evaluation of the IASB's Proposed Accounting and Disclosure Requirements for Share-Based Payment25 cited