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The association between unexpected earnings and abnormal security returns in the presence of financial leverage*
16 references·16 citing·35 second hopsampled
The association between unexpected earnings and abnormal security returns in the presence of financial leverage* (1991)The association between unexpected earnin…Cross-sectional variation in the stock market response to accounting earnings announcements (1989)Cross-sectional variation in …An analysis of intertemporal and cross-sectional determinants of earnings response coefficients (1989)An analysis of intertemporal …Debt/Equity Ratio and Expected Common Stock Returns: Empirical Evidence (1988)Debt/Equity Ratio and Expecte…The association between accounting earnings and security returns for large and small firms (1987)The association between accou…On cross-sectional analysis in accounting research (1987)On cross-sectional analysis i…Earnings Innovations, Earnings Persistence, and Stock Returns (1987)Earnings Innovations, Earning…Positive Accounting Theory (1985)Positive Accounting TheoryDividend Policy under Asymmetric Information (1985)Dividend Policy under Asymmet…Financial Theory and Corporate Policy. (1982)Financial Theory and Corporat…The Theoretical Relationship Between Systematic Risk and Financial (Accounting) Variables (1979)The Theoretical Relationship …The Association between Unsystematic Security Returns and the Magnitude of Earnings Forecast Errors (1979)The Association between Unsys…Statistical Models of Bond Ratings: A Methodological Inquiry (1979)Statistical Models of Bond Ra…The option pricing model and the risk factor of stock (1976)The option pricing model and …The Information Content of Annual Earnings Announcements (1968)The Information Content of An…An Empirical Evaluation of Accounting Income Numbers (1968)An Empirical Evaluation of Ac…Dividend Policy, Growth, and the Valuation of Shares (1961)Dividend Policy, Growth, and …External financing and earnings management: Evidence from international data (2020)External financing and earnin…The Real Effects of Mandatory Quarterly Reporting (2017)The Real Effects of Mandatory…Public Audit Oversight and Reporting Credibility: Evidence from the PCAOB Inspection Regime (2015)Public Audit Oversight and Re…A Comprehensive and Quantitative Internal Control Index: Construction, Validation, and Impact (2013)A Comprehensive and Quantitat…Short Sellers and the Informativeness of Stock Prices with Respect to Future Earnings (2012)Short Sellers and the Informa…Determinants of sell‐side financial analysts’ use of non‐financial information (2010)Determinants of sell‐side fin…Exploring the Effects of China's Two-tier Board System and Ownership Structure on Firm Performance and Earnings Informativeness (2009)Exploring the Effects of Chin…Fair Value Accounting for Liabilities and Own Credit Risk (2008)Fair Value Accounting for Lia…Research, Standard Setting, and Global Financial Reporting (2007)Research, Standard Setting, a…On the intertemporal value relevance of conventional financial accounting in Australia (2007)On the intertemporal value re…Investor Reaction to Celebrity Analysts: The Case of Earnings Forecast Revisions (2007)Investor Reaction to Celebrit…The Effects of Corporate Governance on the Informativeness of Earnings (2006)The Effects of Corporate Gove…Financial Distress and the Credibility of Management Earnings Forecasts (2003)Financial Distress and the Cr…The effect of accounting-based debt covenants on equity valuation (1999)The effect of accounting-base…Can Stock Recommendations Predict Earnings Management and Analysts' Earnings Forecast Errors? (1999)Can Stock Recommendations Pre…The Role of Institutional Investors in Corporate Governance: An Empirical Investigation (1998)The Role of Institutional Inv…Risk, Return, and Equilibrium: Empirical Tests (1973)Estimating betas from nonsynchronous data (1977)The relationship between return and market value of common stocks (1981)Efficient Capital Markets: II (1991)Another Look at the Cross-Section of Expected Stock Returns (1995)Replicating Anomalies (2018)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)The Pricing of Options and Corporate Liabilities (1973)The valuation of compound options (1979)Ownership Structure, Deregulation, and Bank Risk Taking (1990)Strong boards, CEO power and bank risk-taking (2009)Do Stock Prices Move Too Much to be Justified by Subsequent Changes in Dividends? (1980)The Financial Information Content of Perceived Quality (1994)Investor Information Demand: Evidence from Google Searches Around Earnings Announcements (2011)DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Behavior of Stock-Market Prices (1965)Determinants of corporate borrowing (1977)Job Market Signaling (1973)Corporate financing and investment decisions when firms have information that investors do not have (1984)Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have (1984)An Intertemporal Capital Asset Pricing Model (1973)Earnings Asan Explanatory Variable for Returns (1991)Forecasting Profitability and Earnings (2000)Does Greater Firm‐Specific Return Variation Mean More or Less Informed Stock Pricing? (2003)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)Performance matched discretionary accrual measures (2005)The economic implications of corporate financial reporting (2005)Using daily stock returns (1985)Capital markets research in accounting (2001)Efficient Capital Markets: II (1991)Determinants of corporate social responsibility disclosure: An application of stakeholder theory (1992)Information Technology Effects on Firm Performance as Measured by Tobin's q (1999)Shareholder value, stakeholder management, and social issues: what's the bottom line? (2001)
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References

  • 1961Dividend Policy, Growth, and the Valuation of Shares6,554 cited
  • 1968An Empirical Evaluation of Accounting Income Numbers6,384 cited
  • 1985Positive Accounting Theory5,837 cited
  • 1985Dividend Policy under Asymmetric Information3,459 cited
  • 1968The Information Content of Annual Earnings Announcements2,739 cited
  • 1989An analysis of intertemporal and cross-sectional determinants of earnings response coefficients1,685 cited
  • 1988Debt/Equity Ratio and Expected Common Stock Returns: Empirical Evidence1,336 cited
  • 1976The option pricing model and the risk factor of stock1,239 cited
  • 1982Financial Theory and Corporate Policy.956 cited
  • 1987Earnings Innovations, Earnings Persistence, and Stock Returns909 cited
  • 1989Cross-sectional variation in the stock market response to accounting earnings announcements816 cited
  • 1979Statistical Models of Bond Ratings: A Methodological Inquiry651 cited
  • 1987On cross-sectional analysis in accounting research541 cited
  • 1987The association between accounting earnings and security returns for large and small firms528 cited
  • 1979The Association between Unsystematic Security Returns and the Magnitude of Earnings Forecast Errors

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462 cited
  • 1979The Theoretical Relationship Between Systematic Risk and Financial (Accounting) Variables306 cited
  • Cited by

    • 2008Fair Value Accounting for Liabilities and Own Credit Risk188 cited
    • 2017The Real Effects of Mandatory Quarterly Reporting142 cited
    • 2006The Effects of Corporate Governance on the Informativeness of Earnings137 cited
    • 2007Research, Standard Setting, and Global Financial Reporting130 cited
    • 2007Investor Reaction to Celebrity Analysts: The Case of Earnings Forecast Revisions130 cited
    • 2003Financial Distress and the Credibility of Management Earnings Forecasts101 cited
    • 2013A Comprehensive and Quantitative Internal Control Index: Construction, Validation, and Impact92 cited
    • 1998The Role of Institutional Investors in Corporate Governance: An Empirical Investigation80 cited
    • 1999Can Stock Recommendations Predict Earnings Management and Analysts' Earnings Forecast Errors?78 cited
    • 2009Exploring the Effects of China's Two-tier Board System and Ownership Structure on Firm Performance and Earnings Informativeness75 cited
    • 1999The effect of accounting-based debt covenants on equity valuation73 cited
    • 2010Determinants of sell‐side financial analysts’ use of non‐financial information71 cited
    • 2007On the intertemporal value relevance of conventional financial accounting in Australia66 cited
    • 2015Public Audit Oversight and Reporting Credibility: Evidence from the PCAOB Inspection Regime54 cited
    • 2020External financing and earnings management: Evidence from international data53 cited
    • 2012Short Sellers and the Informativeness of Stock Prices with Respect to Future Earnings51 cited