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Individuals' Perceptions and Misperceptions of Time Series Properties of Quarterly Earnings
16 references·16 citing·46 second hopsampled
Individuals' Perceptions and Misperceptions of Time Series Properties of Quarterly Earnings (2016)Individuals' Perceptions and Misperceptio…How naive is the stock market's use of earnings information? (1996)How naive is the stock market…Market underreaction to open market share repurchases (1995)Market underreaction to open …Debiasing the Curse of Knowledge in Audit Judgment. (1995)Debiasing the Curse of Knowle…Analyst Forecasts and Herding Behavior: (1994)Analyst Forecasts and Herding…An informational efficiency perspective on the post-earnings announcement drift (1994)An informational efficiency p…Analysts' Decisions As Products of a Multi-Task Environment (1993)Analysts' Decisions As Produc…Tests of Analysts' Overreaction/Underreaction to Earnings Information as an Explanation for Anomalous Stock Price Behavior (1992)Tests of Analysts' Overreacti…Evidence on the Possible Underweighting of Earnings-Related Information (1991)Evidence on the Possible Unde…Judgmental extrapolation and the salience of change (1990)Judgmental extrapolation and …Evidence that stock prices do not fully reflect the implications of current earnings for future earnings (1990)Evidence that stock prices do…The Multiperiod Information Content of Accounting Earnings: Confirmations and Contradictions of Previous Earnings Reports (1989)The Multiperiod Information C…Post-Earnings-Announcement Drift: Delayed Price Response or Risk Premium? (1989)Post-Earnings-Announcement Dr…Prospect theory: An analysis of decision under risk (1988)Prospect theory: An analysis …Earnings Releases, Anomalies, and the Behavior of Security Returns. (1984)Earnings Releases, Anomalies,…Informal covariation assessment: Data-based versus theory-based judgments (1982)Informal covariation assessme…Univariate Time-Series Models of Quarterly Accounting Earnings per Share: A Proposed Model (1979)Univariate Time-Series Models…A review of the Post-Earnings-Announcement Drift (2020)A review of the Post-Earnings…Investor Trading and the Post-Earnings-Announcement Drift (2010)Investor Trading and the Post…Improving Investors' Forecast Accuracy when Operating Cash Flows and Accruals Are Differentially Persistent (2009)Improving Investors' Forecast…Directional Preferences, Information Processing, and Investors' Forecasts of Earnings (2007)Directional Preferences, Info…Horizon‐Dependent Underreaction in Financial Analysts' Earnings Forecasts* (2006)Horizon‐Dependent Underreacti…Conservatism and Cross‐Sectional Variation in the Post–Earnings Announcement Drift (2006)Conservatism and Cross‐Sectio…A Review of Research Related to Financial Analysts' Forecasts and Stock Recommendations (2005)A Review of Research Related …Post–earnings–announcement Drift in the UK (2003)Post–earnings–announcement Dr…Do Investors Overrely on Old Elements of the Earnings Time Series?* (2003)Do Investors Overrely on Old …Understanding Misunderstanding: Social Psychological Perspectives (2002)Understanding Misunderstandin…The Real Effects of Investor Sentiment (2002)The Real Effects of Investor …Sympathetic Magical Thinking: The Contagion and Similarity “Heuristics” (2002)Sympathetic Magical Thinking:…Self-Anchoring in Conversation: Why Language Users Do Not Do What They “Should” (2002)Self-Anchoring in Conversatio…Mental Contamination and the Debiasing Problem (2002)Mental Contamination and the …Do Analysts Overreact? (2002)Do Analysts Overreact?Price and Volume Reactions to Public Information Releases: An Experimental Approach Incorporating Traders' Subjective Beliefs* (1999)Price and Volume Reactions to…Anomalies in relationships between securities' yields and yield-surrogates (1978)The information content of security prices (1980)The relationship between return and market value of common stocks (1981)Trading Volume, Information Asymmetry, and Timing Information (2005)Short and Long Horizon Behavioral Factors (2017)An Augmented q -Factor Model with Expected Growth (2020)Editor's Choice Digesting Anomalies: An Investment ApproachRisk, Return, and Equilibrium: Empirical Tests (1973)Mean reversion in stock prices (1988)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)Efficient Capital Markets: A Review of Theory and Empirical Work (1970)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Continuous Auctions and Insider Trading (1985)Investor Sophistication and Market Earnings Expectations (1997)How Informed Are Actively Trading Institutional Investors? Evidence from Their Trading Behavior before a Break in a String of Consecutive Earnings Increases (2004)Limits-to-arbitrage, investment frictions, and the asset growth anomaly (2011)Does the Stock Market Overreact? (1985)Further Evidence On Investor Overreaction and Stock Market Seasonality (1987)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)On the Usefulness of Earnings and Earnings Research: Lessons and Directions from Two Decades of Empirical Research (1989)Mutual Fund Herding and the Impact on Stock Prices (1999)Capital markets research in accounting (2001)Robust Standard Errors for Panel Regressions with Cross-Sectional Dependence (2007)Risk, Ambiguity, and the Savage Axioms (1961)Judgment under Uncertainty: Heuristics and Biases (1975)The Framing of Decisions and the Psychology of Choice (1981)Exploration and Exploitation in Organizational Learning (1991)Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance (2007)Theory of games and economic behavior (2019)Cross-sectional variation in the stock market response to accounting earnings announcements (1989)Information Uncertainty and Analyst Forecast Behavior* (2006)Using daily stock returns (1985)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)Evidence on the Characteristics of Cross Sectional Variation in Stock Returns (1997)The Stock Market Valuation of Research and Development Expenditures (2001)Asset Growth and the Cross‐Section of Stock Returns (2008)Individual differences in reasoning: Implications for the rationality debate? (2000)Representativeness Revisited: Attribute Substitution in Intuitive Judgment (2002)Heuristics and Biases: The Psychology of Intuitive Judgment (2004)More Than Words: Quantifying Language to Measure Firms' Fundamentals (2008)Does the stock market fully value intangibles? Employee satisfaction and equity prices (2011)
this work references cited by second hop· second hop is a sample of the most-cited connections

References

  • 1988Prospect theory: An analysis of decision under risk32,475 cited
  • 1989Post-Earnings-Announcement Drift: Delayed Price Response or Risk Premium?2,314 cited
  • 1990Evidence that stock prices do not fully reflect the implications of current earnings for future earnings2,010 cited
  • 1995Market underreaction to open market share repurchases1,739 cited
  • 1992Tests of Analysts' Overreaction/Underreaction to Earnings Information as an Explanation for Anomalous Stock Price Behavior1,003 cited
  • 1994Analyst Forecasts and Herding Behavior:943 cited
  • 1993Analysts' Decisions As Products of a Multi-Task Environment721 cited
  • 1984Earnings Releases, Anomalies, and the Behavior of Security Returns.552 cited
  • 1994An informational efficiency perspective on the post-earnings announcement drift346 cited
  • 1991Evidence on the Possible Underweighting of Earnings-Related Information342 cited
  • 1982Informal covariation assessment: Data-based versus theory-based judgments312 cited
  • 1996How naive is the stock market's use of earnings information?307 cited
  • 1979Univariate Time-Series Models of Quarterly Accounting Earnings per Share: A Proposed Model261 cited
  • 1989The Multiperiod Information Content of Accounting Earnings: Confirmations and Contradictions of Previous Earnings Reports229 cited

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  • 1990Judgmental extrapolation and the salience of change203 cited
  • 1995Debiasing the Curse of Knowledge in Audit Judgment.200 cited
  • Cited by

    • 2002Sympathetic Magical Thinking: The Contagion and Similarity “Heuristics”191 cited
    • 2002Mental Contamination and the Debiasing Problem160 cited
    • 2007Directional Preferences, Information Processing, and Investors' Forecasts of Earnings135 cited
    • 2010Investor Trading and the Post-Earnings-Announcement Drift135 cited
    • 2002Understanding Misunderstanding: Social Psychological Perspectives119 cited
    • 2006Conservatism and Cross‐Sectional Variation in the Post–Earnings Announcement Drift111 cited
    • 1999Price and Volume Reactions to Public Information Releases: An Experimental Approach Incorporating Traders' Subjective Beliefs*102 cited
    • 2002The Real Effects of Investor Sentiment84 cited
    • 2002Do Analysts Overreact?82 cited
    • 2020A review of the Post-Earnings-Announcement Drift77 cited
    • 2003Do Investors Overrely on Old Elements of the Earnings Time Series?*71 cited
    • 2003Post–earnings–announcement Drift in the UK70 cited
    • 2009Improving Investors' Forecast Accuracy when Operating Cash Flows and Accruals Are Differentially Persistent68 cited
    • 2006Horizon‐Dependent Underreaction in Financial Analysts' Earnings Forecasts*68 cited
    • 2002Self-Anchoring in Conversation: Why Language Users Do Not Do What They “Should”67 cited
    • 2005A Review of Research Related to Financial Analysts' Forecasts and Stock Recommendations43 cited