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Economic determinants of the relation between earnings changes and stock returns
16 references·16 citing·50 second hopsampled
Economic determinants of the relation between earnings changes and stock returns (1993)Economic determinants of the relation bet…The effects of bonus schemes on accounting decisions (2011)The effects of bonus schemes …The investment opportunity set and corporate financing, dividend, and compensation policies (1992)The investment opportunity se…Data-Snooping Biases in Tests of Financial Asset Pricing Models (1990)Data-Snooping Biases in Tests…The relation between the return interval and betas (1989)The relation between the retu…Nonstationary expected returns (1989)Nonstationary expected returnsThe association between accounting earnings and security returns for large and small firms (1987)The association between accou…Earnings Innovations, Earnings Persistence, and Stock Returns (1987)Earnings Innovations, Earning…Size-related anomalies and stock return seasonality (1983)Size-related anomalies and st…The information content of security prices (1980)The information content of se…The Association between Unsystematic Security Returns and the Magnitude of Earnings Forecast Errors (1979)The Association between Unsys…Capital market seasonality: The case of stock returns (1976)Capital market seasonality: T…Price performance of common stock new issues (1975)Price performance of common s…BETAS AND THEIR REGRESSION TENDENCIES (1975)BETAS AND THEIR REGRESSION TE…On the Association Between Operating Leverage and Risk (1974)On the Association Between Op…SOME TIME SERIES PROPERTIES OF ACCOUNTING INCOME (1972)SOME TIME SERIES PROPERTIES O…An Empirical Evaluation of Accounting Income Numbers (1968)An Empirical Evaluation of Ac…A review of the Post-Earnings-Announcement Drift (2020)A review of the Post-Earnings…Individualism, Uncertainty Avoidance, and Earnings Momentum in International Markets (2015)Individualism, Uncertainty Av…Unsophisticated Arbitrageurs and Market Efficiency: Overreacting to a History of Underreaction? (2014)Unsophisticated Arbitrageurs …Money talks: the language of the Rochester School (2012)Money talks: the language of …Digesting Anomalies: An Investment Approach (2012)Digesting Anomalies: An Inves…Post-earnings announcement abnormal return in the Chinese equity market (2011)Post-earnings announcement ab…The Value Relevance of Alternative Earnings Measures: A Comparison of Pro Forma, GAAP, and I/B/E/S Earnings (2010)The Value Relevance of Altern…The Impact of Academic Accounting Research on Professional Practice: An Analysis by the AAA Research Impact Task Force (2009)The Impact of Academic Accoun…Estimation Risk, Information, and the Conditional CAPM: Theory and Evidence (2008)Estimation Risk, Information,…Disclosure Risk and Price Drift (2006)Disclosure Risk and Price Dri…Accruals, Cash Flows and the Post‐Earnings‐Announcement Drift (2006)Accruals, Cash Flows and the …Stock Returns, Aggregate Earnings Surprises, and Behavioral Finance (2005)Stock Returns, Aggregate Earn…Inflation Illusion and Post-Earnings-Announcement Drift (2005)Inflation Illusion and Post-E…A Test of the Market’s Mispricing of Domestic and Foreign Earnings (1999)A Test of the Market’s Mispri…Multiple Sources of Information, Valuation, and Accounting Earnings (1994)Multiple Sources of Informati…Accounting earnings and future economic rents (1994)Accounting earnings and futur…Rational Expectations and the Theory of Price Movements (1961)Risk, Return, and Equilibrium: Empirical Tests (1973)Earnings Releases, Anomalies, and the Behavior of Security Returns. (1984)Empirical Tests of the Consumption‐Oriented CAPM (1989)Price and return models (1995)Statistical principles in experimental design. (1962)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Time Series Analysis: Forecasting and Control (1977)Are Seasonal Anomalies Real? A Ninety-Year Perspective (1988)Stock Prices and Volume (1992)Another Look at the Cross-Section of Expected Stock Returns (1995)The capital asset pricing model: Some empirical tests (1972)Studies in the Theory of Capital Markets. (1973)Co-Skewness and Capital Asset Pricing (1980)An Empirical Investigation of the Possibility of Stochastic Systematic Risk in the Market Model (1984)Optimization Methods in Finance (2006)Determinants of corporate borrowing (1977)Corporate financing and investment decisions when firms have information that investors do not have (1984)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Higher market valuation of companies with a small board of directors (1996)Corporate governance, chief executive officer compensation, and firm performance (1999)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)Do Stock Prices Move Too Much to be Justified by Subsequent Changes in Dividends? (1980)Positive Accounting Theory (1985)Cross-sectional variation in the stock market response to accounting earnings announcements (1989)The Financial Information Content of Perceived Quality (1994)Investor Information Demand: Evidence from Google Searches Around Earnings Announcements (2011)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Using daily stock returns (1985)Efficient Capital Markets: II (1991)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Towards a Positive Theory of the Determination of Accounting Standards. (1978)Agency Problems and the Theory of the Firm (1980)The Provision of Incentives in Firms (1999)Capital markets research in accounting (2001)Contracting theory and accounting (2001)The Behavior of Stock-Market Prices (1965)Efficient Capital Markets: A Review of Theory and Empirical Work (1970)Further Evidence On Investor Overreaction and Stock Market Seasonality (1987)A Test of the Efficiency of a Given Portfolio (1989)Profitability of Momentum Strategies: An Evaluation of Alternative Explanations (2001)The Pricing of Options and Corporate Liabilities (1973)Market Efficiency, Long-Term Returns, and Behavioral Finance (1997)The Effects of Market Segmentation and Investor Recognition on Asset Prices: Evidence from Foreign Stocks Listing in the United States (1999)Econometrics of Event Studies**We thank Espen Eckbo, Jon Lewellen, Adam Kolasinski, and Jay Ritter for insightful comments, and Irfan Safdar and Alan Wancier for research assistance. (2007)The relationship between return and market value of common stocks (1981)Economic Forces and the Stock Market (1986)Commonality in the determinants of expected stock returns (1996)Common Risk Factors in Currency Markets (2011)Replicating Anomalies (2018)
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References

  • 1968An Empirical Evaluation of Accounting Income Numbers6,384 cited
  • 1992The investment opportunity set and corporate financing, dividend, and compensation policies3,591 cited
  • 2011The effects of bonus schemes on accounting decisions2,579 cited
  • 1983Size-related anomalies and stock return seasonality1,800 cited
  • 1975Price performance of common stock new issues1,341 cited
  • 1976Capital market seasonality: The case of stock returns1,229 cited
  • 1990Data-Snooping Biases in Tests of Financial Asset Pricing Models1,121 cited
  • 1987Earnings Innovations, Earnings Persistence, and Stock Returns909 cited
  • 1980The information content of security prices737 cited
  • 1975BETAS AND THEIR REGRESSION TENDENCIES548 cited
  • 1987The association between accounting earnings and security returns for large and small firms528 cited
  • 1974On the Association Between Operating Leverage and Risk513 cited
  • 1989Nonstationary expected returns475 cited
  • 1979The Association between Unsystematic Security Returns and the Magnitude of Earnings Forecast Errors462 cited
  • 1972SOME TIME SERIES PROPERTIES OF ACCOUNTING INCOME454 cited

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  • 1989The relation between the return interval and betas234 cited
  • Cited by

    • 2005Inflation Illusion and Post-Earnings-Announcement Drift135 cited
    • 1999A Test of the Market’s Mispricing of Domestic and Foreign Earnings132 cited
    • 2012Digesting Anomalies: An Investment Approach109 cited
    • 2009The Impact of Academic Accounting Research on Professional Practice: An Analysis by the AAA Research Impact Task Force105 cited
    • 2020A review of the Post-Earnings-Announcement Drift77 cited
    • 2008Estimation Risk, Information, and the Conditional CAPM: Theory and Evidence75 cited
    • 2006Disclosure Risk and Price Drift72 cited
    • 2015Individualism, Uncertainty Avoidance, and Earnings Momentum in International Markets72 cited
    • 1994Accounting earnings and future economic rents65 cited
    • 2011Post-earnings announcement abnormal return in the Chinese equity market62 cited
    • 2005Stock Returns, Aggregate Earnings Surprises, and Behavioral Finance62 cited
    • 2010The Value Relevance of Alternative Earnings Measures: A Comparison of Pro Forma, GAAP, and I/B/E/S Earnings60 cited
    • 2006Accruals, Cash Flows and the Post‐Earnings‐Announcement Drift54 cited
    • 1994Multiple Sources of Information, Valuation, and Accounting Earnings52 cited
    • 2014Unsophisticated Arbitrageurs and Market Efficiency: Overreacting to a History of Underreaction?49 cited
    • 2012Money talks: the language of the Rochester School46 cited