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Driven to Distraction: Extraneous Events and Underreaction to Earnings News
16 references·16 citing·37 second hopsampled
Driven to Distraction: Extraneous Events and Underreaction to Earnings News (2007)Driven to Distraction: Extraneous Events …Economic Links and Predictable Returns (2008)Economic Links and Predictabl…Do industries lead stock markets? (2006)Do industries lead stock mark…Market Frictions, Price Delay, and the Cross-Section of Expected Returns (2005)Market Frictions, Price Delay…Limited attention, information disclosure, and financial reporting (2003)Limited attention, informatio…Implications of rational inattention (2003)Implications of rational inat…Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors (2000)Trading Is Hazardous to Your …Bad News Travels Slowly: Size, Analyst Coverage, and the Profitability of Momentum Strategies (2000)Bad News Travels Slowly: Size…The information content of losses (1995)The information content of lo…Market underreaction to open market share repurchases (1995)Market underreaction to open …Post-Earnings-Announcement Drift: Delayed Price Response or Risk Premium? (1989)Post-Earnings-Announcement Dr…The Framing of Decisions and the Psychology of Choice (1985)The Framing of Decisions and …Timeliness of Reporting and the Stock Price Reaction to Earnings Announcements (1984)Timeliness of Reporting and t…Information and Competitive Price Systems (1976)Information and Competitive P…Perception and communication. (1958)Perception and communication.Some Experiments on the Recognition of Speech, with One and with Two Ears (1953)Some Experiments on the Recog…The Journal of the Acoustical Society of America (1939)The Journal of the Acoustical…Macro News and Micro News: Complements or Substitutes? (2021)Macro News and Micro News: Co…Investor Attention and Asset Pricing Anomalies (2021)Investor Attention and Asset …When Transparency Improves, Must Prices Reflect Fundamentals Better? (2018)When Transparency Improves, M…Crowdsourced Employer Reviews and Stock Returns (2018)Crowdsourced Employer Reviews…The internet as an information intermediary (2017)The internet as an informatio…Uncovering Expected Returns: Information in Analyst Coverage Proxies (2016)Uncovering Expected Returns: …The role of the media in disseminating insider-trading news (2016)The role of the media in diss…The Comovement of Investor Attention (2016)The Comovement of Investor At…Pollution and Performance: Do Investors Make Worse Trades on Hazy Days? (2016)Pollution and Performance: Do…Hyperbole or Reality? Investor Response to Extreme Language in Earnings Conference Calls (2016)Hyperbole or Reality? Investo…A Mind Is a Terrible Thing to Change: Confirmatory Bias in Financial Markets (2016)A Mind Is a Terrible Thing to…What explains the dynamics of 100 anomalies? (2015)What explains the dynamics of…Financial Attention (2015)Financial AttentionA New Approach to Predicting Analyst Forecast Errors: Do Investors Overweight Analyst Forecasts? (2012)A New Approach to Predicting …Investor sentiment and the stock market’s reaction to monetary policy (2009)Investor sentiment and the st…A Tale of Two Anomalies: The Implications of Investor Attention for Price and Earnings Momentum (2007)A Tale of Two Anomalies: The …Some International Evidence on Output-Inflation Tradeoffs. (1973)An Economic Theory of Self-Control (1977)Golden Eggs and Hyperbolic Discounting (1997)Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve (2002)Were There Regime Switches in U.S. Monetary Policy? (2006)In Search of Attention (2011)Risk, Return, and Equilibrium: Empirical Tests (1973)The Cross-Section of Expected Stock Returns (1992)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)The Cross‐Section of Volatility and Expected Returns (2006)All That Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors (2007)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)Boys will be Boys: Gender, Overconfidence, and Common Stock Investment (2001)Using daily stock returns (1985)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)Judgment under Uncertainty: Heuristics and Biases (1974)Prospect Theory: An Analysis of Decision under Risk (1979)Prospect theory: An analysis of decision under risk (1988)Investor Inattention and Friday Earnings Announcements (2009)Impression management: A literature review and two-component model. (1990)A controlled-attention view of working-memory capacity. (2001)The magical number 4 in short-term memory: A reconsideration of mental storage capacity (2001)Investor Psychology and Asset Pricing (2001)More Than Words: Quantifying Language to Measure Firms' Fundamentals (2008)Does the stock market fully value intangibles? Employee satisfaction and equity prices (2011)The Intermodal Representation of Speech in Infants (1984)Merging information in speech recognition: Feedback is never necessary (2000)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)The cocktail party phenomenon revisited: The importance of working memory capacity (2001)The cognitive neuroscience of creativity (2004)Working Memory Underpins Cognitive Development, Learning, and Education (2013)
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References

  • 1953Some Experiments on the Recognition of Speech, with One and with Two Ears4,566 cited
  • 1958Perception and communication.4,337 cited
  • 2000Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors3,953 cited
  • 2003Implications of rational inattention3,869 cited
  • 2000Bad News Travels Slowly: Size, Analyst Coverage, and the Profitability of Momentum Strategies2,639 cited
  • 2003Limited attention, information disclosure, and financial reporting2,339 cited
  • 1995The information content of losses2,315 cited
  • 1989Post-Earnings-Announcement Drift: Delayed Price Response or Risk Premium?2,314 cited
  • 1995Market underreaction to open market share repurchases1,739 cited
  • 1939The Journal of the Acoustical Society of America1,611 cited
  • 2008Economic Links and Predictable Returns1,411 cited
  • 1985The Framing of Decisions and the Psychology of Choice1,252 cited
  • 2005Market Frictions, Price Delay, and the Cross-Section of Expected Returns1,088 cited
  • 1976Information and Competitive Price Systems921 cited
  • 1984Timeliness of Reporting and the Stock Price Reaction to Earnings Announcements698 cited

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  • 2006Do industries lead stock markets?672 cited
  • Cited by

    • 2009Investor sentiment and the stock market’s reaction to monetary policy379 cited
    • 2018Crowdsourced Employer Reviews and Stock Returns333 cited
    • 2007A Tale of Two Anomalies: The Implications of Investor Attention for Price and Earnings Momentum327 cited
    • 2015Financial Attention302 cited
    • 2016Pollution and Performance: Do Investors Make Worse Trades on Hazy Days?236 cited
    • 2016The role of the media in disseminating insider-trading news188 cited
    • 2015What explains the dynamics of 100 anomalies?168 cited
    • 2016Uncovering Expected Returns: Information in Analyst Coverage Proxies165 cited
    • 2016Hyperbole or Reality? Investor Response to Extreme Language in Earnings Conference Calls159 cited
    • 2017The internet as an information intermediary159 cited
    • 2012A New Approach to Predicting Analyst Forecast Errors: Do Investors Overweight Analyst Forecasts?141 cited
    • 2016A Mind Is a Terrible Thing to Change: Confirmatory Bias in Financial Markets138 cited
    • 2021Investor Attention and Asset Pricing Anomalies138 cited
    • 2016The Comovement of Investor Attention137 cited
    • 2021Macro News and Micro News: Complements or Substitutes?124 cited
    • 2018When Transparency Improves, Must Prices Reflect Fundamentals Better?122 cited