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Earnings Announcements are Full of Surprises
16 references·14 citing·29 second hop
Earnings Announcements are Full of Surprises (2006)Earnings Announcements are Full of Surpri…Comparing the Post-Earnings Announcement Drift for Surprises Calculated from Analyst and Time Series Forecasts (2006)Comparing the Post-Earnings A…Profitability of Momentum Strategies: An Evaluation of Alternative Explanations (2001)Profitability of Momentum Str…The Boundaries of Financial Reporting and How to Extend Them (1999)The Boundaries of Financial R…Profitability of Momentum Strategies: An Evaluation of Alternative Explanations (1999)Profitability of Momentum Str…Market Efficiency, Long-Term Returns, and Behavioral Finance (1997)Market Efficiency, Long-Term …Multifactor Explanations of Asset Pricing Anomalies (1996)Multifactor Explanations of A…Momentum Strategies (1996)Momentum StrategiesReturns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Returns to Buying Winners and…Cross-Sectional Determinants of Analyst Ratings of Corporate Disclosures (1993)Cross-Sectional Determinants …Common risk factors in the returns on stocks and bonds (1993)Common risk factors in the re…The Cross-Section of Expected Stock Returns (1992)The Cross-Section of Expected…Evidence of Predictable Behavior of Security Returns (1990)Evidence of Predictable Behav…Post-Earnings-Announcement Drift: Delayed Price Response or Risk Premium? (1989)Post-Earnings-Announcement Dr…On the Usefulness of Earnings and Earnings Research: Lessons and Directions from Two Decades of Empirical Research (1989)On the Usefulness of Earnings…Earnings Releases, Anomalies, and the Behavior of Security Returns. (1984)Earnings Releases, Anomalies,…An Empirical Evaluation of Accounting Income Numbers (1968)An Empirical Evaluation of Ac…PEAD.txt: Post-Earnings-Announcement Drift Using Text (2022)PEAD.txt: Post-Earnings-Annou…The power of firm fundamental information in explaining stock returns (2021)The power of firm fundamental…Multimodal Multi-Task Financial Risk Forecasting (2020)Multimodal Multi-Task Financi…A review of the Post-Earnings-Announcement Drift (2020)A review of the Post-Earnings…Taming the Factor Zoo: A Test of New Factors (2019)Taming the Factor Zoo: A Test…Comparing Cost-Mitigation Techniques (2019)Comparing Cost-Mitigation Tec…When does the bond price reaction to earnings announcements predict future stock returns? (2017)When does the bond price reac…The Reluctant Analyst (2016)The Reluctant AnalystUnsophisticated Arbitrageurs and Market Efficiency: Overreacting to a History of Underreaction? (2014)Unsophisticated Arbitrageurs …A Taxonomy of Anomalies and their Trading Costs (2014)A Taxonomy of Anomalies and t……and the Cross-Section of Expected Returns (2013)…and the Cross-Section of Exp…Contrarian Share Price Reactions to Earnings Surprises (2011)Contrarian Share Price Reacti…The High-Volume Return Premium and Post-Earnings Announcement Drift (2008)The High-Volume Return Premiu…Soft Information in Earnings Announcements: News or Noise? (2008)Soft Information in Earnings …CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Risk, Return, and Equilibrium: Empirical Tests (1973)Illiquidity and stock returns: cross-section and time-series effects (2002)A five-factor asset pricing model (2014)Have Financial Statements Lost Their Relevance? (1999)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)The financial reporting environment: Review of the recent literature (2010)Understanding earnings quality: A review of the proxies, their determinants and their consequences (2010)INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION (1977)Corporate financing and investment decisions when firms have information that investors do not have (1984)Why Firms Voluntarily Disclose Bad News (1994)Causes and Consequences of Earnings Manipulation: An Analysis of Firms Subject to Enforcement Actions by the SEC* (1996)Voluntary Nonfinancial Disclosure and the Cost of Equity Capital: The Initiation of Corporate Social Responsibility Reporting (2010)Industry costs of equity (1997)On Persistence in Mutual Fund Performance (1997)Investor Psychology and Security Market Under‐ and Overreactions (1998)Does the Stock Market Overreact? (1985)Efficient Capital Markets: A Review of Theory and Empirical Work (1970)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)Judgment under Uncertainty: Heuristics and Biases (1974)Differences of Opinion and the Cross Section of Stock Returns (2002)An Engine, Not a Camera (2006)Information Uncertainty and Stock Returns (2006)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)Using daily stock returns (1985)Efficient Capital Markets: II (1991)
this work references cited by second hop

References

  • 1993Common risk factors in the returns on stocks and bonds26,615 cited
  • 1992The Cross-Section of Expected Stock Returns17,251 cited
  • 1993Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency11,575 cited
  • 1996Multifactor Explanations of Asset Pricing Anomalies6,710 cited
  • 1968An Empirical Evaluation of Accounting Income Numbers6,384 cited
  • 1990Evidence of Predictable Behavior of Security Returns2,702 cited
  • 1993Cross-Sectional Determinants of Analyst Ratings of Corporate Disclosures2,643 cited
  • 2001Profitability of Momentum Strategies: An Evaluation of Alternative Explanations2,445 cited
  • 1989Post-Earnings-Announcement Drift: Delayed Price Response or Risk Premium?2,314 cited
  • 1999The Boundaries of Financial Reporting and How to Extend Them1,930 cited
  • 1997Market Efficiency, Long-Term Returns, and Behavioral Finance1,278 cited
  • 1996Momentum Strategies1,275 cited
  • 1989On the Usefulness of Earnings and Earnings Research: Lessons and Directions from Two Decades of Empirical Research1,120 cited
  • 2006Comparing the Post-Earnings Announcement Drift for Surprises Calculated from Analyst and Time Series Forecasts681 cited
  • 1999Profitability of Momentum Strategies: An Evaluation of Alternative Explanations

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569 cited
  • 1984Earnings Releases, Anomalies, and the Behavior of Security Returns.552 cited
  • Cited by

    • 2020A review of the Post-Earnings-Announcement Drift77 cited
    • 2019Taming the Factor Zoo: A Test of New Factors64 cited
    • 2020Multimodal Multi-Task Financial Risk Forecasting63 cited
    • 2008Soft Information in Earnings Announcements: News or Noise?62 cited
    • 2017When does the bond price reaction to earnings announcements predict future stock returns?56 cited
    • 2019Comparing Cost-Mitigation Techniques52 cited
    • 2014Unsophisticated Arbitrageurs and Market Efficiency: Overreacting to a History of Underreaction?49 cited
    • 2014A Taxonomy of Anomalies and their Trading Costs47 cited
    • 2021The power of firm fundamental information in explaining stock returns46 cited
    • 2008The High-Volume Return Premium and Post-Earnings Announcement Drift43 cited
    • 2011Contrarian Share Price Reactions to Earnings Surprises40 cited
    • 2016The Reluctant Analyst37 cited
    • 2013…and the Cross-Section of Expected Returns36 cited
    • 2022PEAD.txt: Post-Earnings-Announcement Drift Using Text30 cited