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Conservatism and Cross‐Sectional Variation in the Post–Earnings Announcement Drift
16 references·16 citing·34 second hopsampled
Conservatism and Cross‐Sectional Variation in the Post–Earnings Announcement Drift (2006)Conservatism and Cross‐Sectional Variatio…The effects of bonus schemes on accounting decisions (2011)The effects of bonus schemes …GAAP versus The Street: An Empirical Assessment of Two Alternative Definitions of Earnings (2002)GAAP versus The Street: An Em…Capital markets research in accounting (2001)Capital markets research in a…Earnings-based and accrual-based market anomalies: one effect or two? (2000)Earnings-based and accrual-ba…The relation between earnings and cash flows (1998)The relation between earnings…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)Market efficiency, long-term …The conservatism principle and the asymmetric timeliness of earnings1 (1997)The conservatism principle an…Changes in the value-relevance of earnings and book values over the past forty years (1997)Changes in the value-relevanc…How naive is the stock market's use of earnings information? (1996)How naive is the stock market…The information content of losses (1995)The information content of lo…Tests of Analysts' Overreaction/Underreaction to Earnings Information as an Explanation for Anomalous Stock Price Behavior (1992)Tests of Analysts' Overreacti…Evidence that stock prices do not fully reflect the implications of current earnings for future earnings (1990)Evidence that stock prices do…Post-Earnings-Announcement Drift: Delayed Price Response or Risk Premium? (1989)Post-Earnings-Announcement Dr…The effect of bonus schemes on accounting decisions (1985)The effect of bonus schemes o…A Rational Expectations Approach to Macroeconometrics (1983)A Rational Expectations Appro…FURTHER EVIDENCE OF THE TIME SERIES PROPERTIES OF ACCOUNTING INCOME (1976)FURTHER EVIDENCE OF THE TIME …PEAD.txt: Post-Earnings-Announcement Drift Using Text (2022)PEAD.txt: Post-Earnings-Annou…Firm complexity and post-earnings announcement drift (2022)Firm complexity and post-earn…Dark Trading and Post-Earnings-Announcement Drift (2021)Dark Trading and Post-Earning…A review of the Post-Earnings-Announcement Drift (2020)A review of the Post-Earnings…When does the bond price reaction to earnings announcements predict future stock returns? (2017)When does the bond price reac…International Diversification, SFAS 131 and Post‐Earnings‐Announcement Drift (2017)International Diversification…Earnings Acceleration and Stock Returns (2017)Earnings Acceleration and Sto…Accounting Quality, Liquidity Risk, and Post‐Earnings‐Announcement Drift (2017)Accounting Quality, Liquidity…Firm Complexity and Post-Earnings-Announcement Drift (2013)Firm Complexity and Post-Earn……and the Cross-Section of Expected Returns (2013)…and the Cross-Section of Exp…How well do investors understand loss persistence? (2011)How well do investors underst…Earnings Volatility, Post–Earnings Announcement Drift, and Trading Frictions (2011)Earnings Volatility, Post–Ear…Data Truncation Bias, Loss Firms, and Accounting Anomalies (2011)Data Truncation Bias, Loss Fi…Post earnings announcement drift and the roles of drift-enhanced factors in New Zealand (2009)Post earnings announcement dr…Conservatism, Analyst Ability, and Forecast Error: Evidence on Financial Statement Users' Ability to Account for Conservatism (2007)Conservatism, Analyst Ability…The Extreme Future Stock Returns Following Extreme Earnings Surprises (2003)The Extreme Future Stock Retu…An Empirical Evaluation of Accounting Income Numbers (1968)Dividend Policy under Asymmetric Information (1985)Positive Accounting Theory (1985)The effect of international institutional factors on properties of accounting earnings (2000)Performance matched discretionary accrual measures (2005)Understanding earnings quality: A review of the proxies, their determinants and their consequences (2010)The Boundaries of Financial Reporting and How to Extend Them (1999)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)Editor's Choice Digesting Anomalies: An Investment ApproachRisk, Return, and Equilibrium: Empirical Tests (1973)Mean reversion in stock prices (1988)Investor Psychology and Asset Pricing (2001)Earnings Management During Import Relief Investigations (1991)Accounting earnings and cash flows as measures of firm performance (1994)Performance Matched Discretionary Accrual Measures (2001)Accrual reliability, earnings persistence and stock prices (2005)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)Contracting theory and accounting (2001)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)Presidential Address: Discount Rates (2011)Judgment under Uncertainty: Heuristics and Biases (1974)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)Driven to Distraction: Extraneous Events and Underreaction to Earnings News (2009)Investor Inattention and Friday Earnings Announcements (2009)More Than Words: Quantifying Language to Measure Firms' Fundamentals (2008)Does the stock market fully value intangibles? Employee satisfaction and equity prices (2011)Earnings Management through Real Activities Manipulation (2003)A Review of the Earnings Management Literature and Its Implications for Standard Setting (1999)The economic implications of corporate financial reporting (2005)
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References

  • 1997The conservatism principle and the asymmetric timeliness of earnings13,988 cited
  • 1985The effect of bonus schemes on accounting decisions3,311 cited
  • 2011The effects of bonus schemes on accounting decisions2,579 cited
  • 2001Capital markets research in accounting2,575 cited
  • 1998Market 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.12,572 cited
  • 1995The information content of losses2,315 cited
  • 1989Post-Earnings-Announcement Drift: Delayed Price Response or Risk Premium?2,314 cited
  • 1990Evidence that stock prices do not fully reflect the implications of current earnings for future earnings2,010 cited
  • 1997Changes in the value-relevance of earnings and book values over the past forty years1,788 cited
  • 1998The relation between earnings and cash flows1,552 cited
  • 1992Tests of Analysts' Overreaction/Underreaction to Earnings Information as an Explanation for Anomalous Stock Price Behavior1,003 cited
  • 2002GAAP versus The Street: An Empirical Assessment of Two Alternative Definitions of Earnings819 cited
  • 2000Earnings-based and accrual-based market anomalies: one effect or two?454 cited

Only edges whose both ends are imported exist here. Widen the year window, or show the whole map. Back to the work

  • 1983A Rational Expectations Approach to Macroeconometrics399 cited
  • 1996How naive is the stock market's use of earnings information?307 cited
  • 1976FURTHER EVIDENCE OF THE TIME SERIES PROPERTIES OF ACCOUNTING INCOME263 cited
  • Cited by

    • 2011Earnings Volatility, Post–Earnings Announcement Drift, and Trading Frictions97 cited
    • 2020A review of the Post-Earnings-Announcement Drift77 cited
    • 2011How well do investors understand loss persistence?64 cited
    • 2022Firm complexity and post-earnings announcement drift63 cited
    • 2017When does the bond price reaction to earnings announcements predict future stock returns?56 cited
    • 2013…and the Cross-Section of Expected Returns36 cited
    • 2013Firm Complexity and Post-Earnings-Announcement Drift35 cited
    • 2017Earnings Acceleration and Stock Returns34 cited
    • 2003The Extreme Future Stock Returns Following Extreme Earnings Surprises33 cited
    • 2009Post earnings announcement drift and the roles of drift-enhanced factors in New Zealand31 cited
    • 2022PEAD.txt: Post-Earnings-Announcement Drift Using Text30 cited
    • 2017International Diversification, SFAS 131 and Post‐Earnings‐Announcement Drift29 cited
    • 2021Dark Trading and Post-Earnings-Announcement Drift29 cited
    • 2011Data Truncation Bias, Loss Firms, and Accounting Anomalies29 cited
    • 2017Accounting Quality, Liquidity Risk, and Post‐Earnings‐Announcement Drift27 cited
    • 2007Conservatism, Analyst Ability, and Forecast Error: Evidence on Financial Statement Users' Ability to Account for Conservatism24 cited