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The Usefulness of Derivative-related Accounting Disclosures
14 references·6 citing·28 second hop
The Usefulness of Derivative-related Accounting Disclosures (2002)The Usefulness of Derivative-related Acco…The Association between SFAS No. 119 Derivatives Disclosures and the Foreign Exchange Risk Exposure of Manufacturing Firms (2000)The Association between SFAS …Value-relevance of banks' derivatives disclosures (1996)Value-relevance of banks' der…Banks, Risk, and FAS105 Disclosures (1996)Banks, Risk, and FAS105 Discl…The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)The Modern Industrial Revolut…The Cross-Section of Expected Stock Returns (1992)The Cross-Section of Expected…The theory of value and earnings, and an introduction to the Ball‐Brown analysis* (1991)The theory of value and earni…On the Usefulness of Earnings and Earnings Research: Lessons and Directions from Two Decades of Empirical Research (1989)On the Usefulness of Earnings…The Association between Unsystematic Security Returns and the Magnitude of Earnings Forecast Errors (1979)The Association between Unsys…THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)THE VALUATION OF RISK ASSETS …Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…Capital Market Equilibrium with Restricted Borrowing (1972)Capital Market Equilibrium wi…An Empirical Evaluation of Accounting Income Numbers (1968)An Empirical Evaluation of Ac…The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)The Valuation of Risk Assets …CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)CAPITAL ASSET PRICES: A THEOR…The value relevance of fair value and historical cost measurements during the financial crisis (2020)The value relevance of fair v…Derivatives usage for banking industry: evidence from the European markets (2018)Derivatives usage for banking…The value relevance of financial instruments disclosure: evidence from Jordan (2016)The value relevance of financ…A Survey on the Usage of Derivatives and Their Effecton Cost of Equity Capital (2011)A Survey on the Usage of Deri…An examination of voluntary financial instruments disclosures in excess of mandatory requirements by UK FTSE 100 non‐financial firms (2010)An examination of voluntary f…Value‐relevance of foreign‐exchange and interest‐rate derivatives disclosure (2009)Value‐relevance of foreign‐ex…Dividend Policy under Asymmetric Information (1985)Positive Accounting Theory (1985)Value-relevance of nonfinancial information: The wireless communications industry (1996)Capital markets research in accounting (2001)Auditor Industry Specialization and Earnings Quality (2003)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Dividend Policy, Growth, and the Valuation of Shares (1961)On Persistence in Mutual Fund Performance (1997)The cost of capital, corporation finance and the theory of investment (2008)The Behavior of Stock-Market Prices (1965)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Performance Pay and Top-Management Incentives (1990)Agency costs of free cash flow, corporate finance, and takeovers (1996)Higher market valuation of companies with a small board of directors (1996)A Survey of Corporate Governance (1997)Corporate governance, chief executive officer compensation, and firm performance (1999)The Pricing of Options and Corporate Liabilities (1973)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Common risk factors in the returns on stocks and bonds (1993)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Using daily stock returns (1985)Efficient Capital Markets: II (1991)The arbitrage theory of capital asset pricing (1976)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Illiquidity and stock returns: cross-section and time-series effects (2002)Intra-industry information transfers associated with earnings releases (1981)On cross-sectional analysis in accounting research (1987)The association between accounting earnings and security returns for large and small firms (1987)
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References

  • 1964CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK*19,431 cited
  • 1992The Cross-Section of Expected Stock Returns17,251 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1993The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems8,544 cited
  • 1965The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets7,600 cited
  • 1975THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.]6,743 cited
  • 1968An Empirical Evaluation of Accounting Income Numbers6,384 cited
  • 1972Capital Market Equilibrium with Restricted Borrowing3,097 cited
  • 1989On the Usefulness of Earnings and Earnings Research: Lessons and Directions from Two Decades of Empirical Research

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1,120 cited
  • 1979The Association between Unsystematic Security Returns and the Magnitude of Earnings Forecast Errors462 cited
  • 1996Value-relevance of banks' derivatives disclosures356 cited
  • 1991The theory of value and earnings, and an introduction to the Ball‐Brown analysis*242 cited
  • 2000The Association between SFAS No. 119 Derivatives Disclosures and the Foreign Exchange Risk Exposure of Manufacturing Firms147 cited
  • 1996Banks, Risk, and FAS105 Disclosures47 cited
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    • 2010An examination of voluntary financial instruments disclosures in excess of mandatory requirements by UK FTSE 100 non‐financial firms36 cited
    • 2018Derivatives usage for banking industry: evidence from the European markets29 cited
    • 2020The value relevance of fair value and historical cost measurements during the financial crisis27 cited
    • 2016The value relevance of financial instruments disclosure: evidence from Jordan27 cited
    • 2009Value‐relevance of foreign‐exchange and interest‐rate derivatives disclosure22 cited
    • 2011A Survey on the Usage of Derivatives and Their Effecton Cost of Equity Capital22 cited