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THE USE OF MULTIPLE INSTRUMENTS FOR MEASUREMENT OF EARNINGS FORECAST ERRORS, FIRM SIZE EFFECT AND THE QUALITY OF ANALYSTS’FORECAST ERRORS
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THE USE OF MULTIPLE INSTRUMENTS FOR MEASUREMENT OF EARNINGS FORECAST ERRORS, FIRM SIZE EFFECT AND THE QUALITY OF ANALYSTS’FORECAST ERRORS (1994)THE USE OF MULTIPLE INSTRUMENTS FOR MEASU…Econometric Models and Economic Forecasts (1990)Econometric Models and Econom…The association between accounting earnings and security returns for large and small firms (1987)The association between accou…Security analyst superiority relative to univariate time-series models in forecasting quarterly earnings (1987)Security analyst superiority …On cross-sectional analysis in accounting research (1987)On cross-sectional analysis i…Predisclosure Information, Firm Capitalization, and Security Price Behavior Around Earnings Announcements (1985)Predisclosure Information, Fi…Timeliness of Reporting and the Stock Price Reaction to Earnings Announcements (1984)Timeliness of Reporting and t…Earnings Releases, Anomalies, and the Behavior of Security Returns. (1984)Earnings Releases, Anomalies,…Financial analysts' forecasts of earnings (1982)Financial analysts' forecasts…The relationship between return and market value of common stocks (1981)The relationship between retu…Misspecification of capital asset pricing (1981)Misspecification of capital a…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…Time Series Analysis: Forecasting and Control (1977)Time Series Analysis: Forecas…The Association Between Market Determined and Accounting Determined Risk Measures. (1970)The Association Between Marke…An Empirical Evaluation of Accounting Income Numbers (1968)An Empirical Evaluation of Ac…Firm Size and Profitability (1967)Firm Size and ProfitabilityCAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Does the Stock Market Overreact? 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How Political Institutions Work (2003)Constraints on short-selling and asset price adjustment to private information (1987)Earnings Surprises, Growth Expectations, and Stock Returns or Don't Let an Earnings Torpedo Sink Your Portfolio (2002)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Using daily stock returns (1985)The relations among environmental disclosure, environmental performance, and economic performance: a simultaneous equations approach (2003)Nonfinancial Disclosure and Analyst Forecast Accuracy: International Evidence on Corporate Social Responsibility Disclosure (2012)Generalized autoregressive conditional heteroskedasticity (1986)Introductory Econometrics for Finance (2008)
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References

  • 1977Time Series Analysis: Forecasting and Control6,592 cited
  • 1968An Empirical Evaluation of Accounting Income Numbers6,384 cited
  • 1981The relationship between return and market value of common stocks5,999 cited
  • 1990Econometric Models and Economic Forecasts4,973 cited
  • 1981Misspecification of capital asset pricing1,327 cited
  • 1985Predisclosure Information, Firm Capitalization, and Security Price Behavior Around Earnings Announcements1,005 cited
  • 1980The information content of security prices763 cited
  • 1984Timeliness of Reporting and the Stock Price Reaction to Earnings Announcements698 cited
  • 1984Earnings Releases, Anomalies, and the Behavior of Security Returns.613 cited
  • 1982Financial analysts' forecasts of earnings577 cited
  • 1970The Association Between Market Determined and Accounting Determined Risk Measures.573 cited
  • 1967Firm Size and Profitability573 cited
  • 1987On cross-sectional analysis in accounting research541 cited
  • 1987The association between accounting earnings and security returns for large and small firms528 cited
  • 1987Security analyst superiority relative to univariate time-series models in forecasting quarterly earnings

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502 cited
  • 1979The Association between Unsystematic Security Returns and the Magnitude of Earnings Forecast Errors462 cited
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