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Bridging the Gap between Value Relevance and Information Content
16 references·10 citing·41 second hop
Bridging the Gap between Value Relevance and Information Content (2001)Bridging the Gap between Value Relevance …Use of R2 in accounting research: measuring changes in value relevance over the last four decades (1999)Use of R2 in accounting resea…Relative valuation roles of equity book value and net income as a function of financial health (1998)Relative valuation roles of e…Accounting valuation, market expectation, and cross-sectional stock returns (1998)Accounting valuation, market …The information content of losses (1995)The information content of lo…Price and return models (1995)Price and return modelsTrading Volume and Price Reactions to Public Announcements (1991)Trading Volume and Price Reac…Evidence that stock prices do not fully reflect the implications of current earnings for future earnings (1990)Evidence that stock prices do…An analysis of intertemporal and cross-sectional determinants of earnings response coefficients (1989)An analysis of intertemporal …On cross-sectional analysis in accounting research (1987)On cross-sectional analysis i…Predisclosure Information, Firm Capitalization, and Security Price Behavior Around Earnings Announcements (1985)Predisclosure Information, Fi…Earnings Releases, Anomalies, and the Behavior of Security Returns. (1984)Earnings Releases, Anomalies,…Information, trade and common knowledge (1982)Information, trade and common…Foundations of Finance. (1977)Foundations of Finance.Corporate Forecasts of Earnings Per Share and Stock Price Behavior: Empirical Test (1976)Corporate Forecasts of Earnin…The Information Content of Annual Earnings Announcements (1968)The Information Content of An…An Empirical Evaluation of Accounting Income Numbers (1968)An Empirical Evaluation of Ac…On the Relationship of Stewardship and Valuation-An Analytical Viewpoint (2015)On the Relationship of Stewar…Are Stewardship and Valuation Usefulness Compatible or Alternative Objectives of Financial Accounting? (2008)Are Stewardship and Valuation…The Impact of Price and Return Models on Value Relevance Studies: A Review of Theory and Evidence (2006)The Impact of Price and Retur…Kapitalmarktrelevanz der Rechnungslegung — Konzepte, Methodik und Ergebnisse empirischer Forschung (2006)Kapitalmarktrelevanz der Rech…The Informativeness of Quarterly Financial Reporting: The Portuguese Case (2005)The Informativeness of Quarte…Firm Size and the Information Content of Annual Earnings Announcements: Australian Evidence (2005)Firm Size and the Information…The Incremental Information Content of Earnings and Cash Flows from Operations Affected by Their Extremity (2003)The Incremental Information C…The Effect of Reporting Frequency on the Timeliness of Earnings: The Cases of Voluntary and Mandatory Interim Reports (2002)The Effect of Reporting Frequ…Internet downturn: finding valuation factors in Spring 2000 (2002)Internet downturn: finding va…Beaver (1968) Revisited: Has the Information Content of Annual Earnings Announcements Declined in the Past Three Decades? (2000)Beaver (1968) Revisited: Has …On the Impossibility of Informationally Efficient Markets (1980)Bid, ask and transaction prices in a specialist market with heterogeneously informed traders (1985)Continuous Auctions and Insider Trading (1985)Macroeconomic Factors Do Influence Aggregate Stock Returns (2002)Does board gender diversity improve the informativeness of stock prices? (2011)The Pre-FOMC Announcement Drift (2012)Agreeing to Disagree (1976)The Private and Social Value of Information and the Reward to Inventive Activity (1978)Herd Behavior and Investment (1988)Noise Trader Risk in Financial Markets (1990)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)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Measuring security price performance (1980)Earnings Management During Import Relief Investigations (1991)Event Studies in Economics and Finance (1997)Judgment under Uncertainty: Heuristics and Biases (1974)Judgment under Uncertainty: Heuristics and Biases (1975)The Cross-Section of Expected Stock Returns (1992)Overconfidence, Arbitrage, and Equilibrium Asset Pricing (2001)Profitability, investment and average returns (2006)Replicating Anomalies (2018)Dividend Policy, Growth, and the Valuation of Shares (1961)An Intertemporal Capital Asset Pricing Model (1973)Earnings Asan Explanatory Variable for Returns (1991)Forecasting Profitability and Earnings (2000)Does Greater Firm‐Specific Return Variation Mean More or Less Informed Stock Pricing? (2003)The conservatism principle and the asymmetric timeliness of earnings1 (1997)Earnings Management through Real Activities Manipulation (2003)Understanding earnings quality: A review of the proxies, their determinants and their consequences (2010)Using daily stock returns (1985)Capital markets research in accounting (2001)Efficient Capital Markets: II (1991)Does the Stock Market Overreact? (1985)Multifactor Explanations of Asset Pricing Anomalies (1996)
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References

  • 1968An Empirical Evaluation of Accounting Income Numbers6,384 cited
  • 1968The Information Content of Annual Earnings Announcements2,739 cited
  • 1995The information content of losses2,315 cited
  • 1990Evidence that stock prices do not fully reflect the implications of current earnings for future earnings2,010 cited
  • 1976Corporate Forecasts of Earnings Per Share and Stock Price Behavior: Empirical Test1,749 cited
  • 1982Information, trade and common knowledge1,738 cited
  • 1989An analysis of intertemporal and cross-sectional determinants of earnings response coefficients1,685 cited
  • 1977Foundations of Finance.1,128 cited
  • 1991Trading Volume and Price Reactions to Public Announcements1,097 cited
  • 1998Accounting valuation, market expectation, and cross-sectional stock returns1,083 cited
  • 1985Predisclosure Information, Firm Capitalization, and Security Price Behavior Around Earnings Announcements1,005 cited
  • 1998Relative valuation roles of equity book value and net income as a function of financial health897 cited
  • 1999Use of R2 in accounting research: measuring changes in value relevance over the last four decades734 cited
  • 1995Price and return models691 cited
  • 1984Earnings Releases, Anomalies, and the Behavior of Security Returns.

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552 cited
  • 1987On cross-sectional analysis in accounting research541 cited
  • Cited by

    • 2002Internet downturn: finding valuation factors in Spring 200065 cited
    • 2003The Incremental Information Content of Earnings and Cash Flows from Operations Affected by Their Extremity47 cited
    • 2008Are Stewardship and Valuation Usefulness Compatible or Alternative Objectives of Financial Accounting?43 cited
    • 2000Beaver (1968) Revisited: Has the Information Content of Annual Earnings Announcements Declined in the Past Three Decades?37 cited
    • 2005Firm Size and the Information Content of Annual Earnings Announcements: Australian Evidence25 cited
    • 2006The Impact of Price and Return Models on Value Relevance Studies: A Review of Theory and Evidence24 cited
    • 2015On the Relationship of Stewardship and Valuation-An Analytical Viewpoint23 cited
    • 2005The Informativeness of Quarterly Financial Reporting: The Portuguese Case21 cited
    • 2002The Effect of Reporting Frequency on the Timeliness of Earnings: The Cases of Voluntary and Mandatory Interim Reports18 cited
    • 2006Kapitalmarktrelevanz der Rechnungslegung — Konzepte, Methodik und Ergebnisse empirischer Forschung12 cited