SZodixStudyAcademic Library
ShelvesOpen access
Study · an open academic library·Metadata from OpenAlex (CC0)·Shelves·OpenAlex metadata, de-duplicated
Lack of timeliness and noise as explanations for the low contemporaneuos return-earnings association
16 references·16 citing·35 second hopsampled
Lack of timeliness and noise as explanations for the low contemporaneuos return-earnings association (1994)Lack of timeliness and noise as explanati…Accounting earnings and cash flows as measures of firm performance (1994)Accounting earnings and cash …Fundamental Information Analysis (1993)Fundamental Information Analy…Earnings Asan Explanatory Variable for Returns (1991)Earnings Asan Explanatory Var…Stock Returns, Expected Returns, and Real Activity (1990)Stock Returns, Expected Retur…A VARIANCE DECOMPOSITION FOR STOCK RETURNS (1990)A VARIANCE DECOMPOSITION FOR …On the Usefulness of Earnings and Earnings Research: Lessons and Directions from Two Decades of Empirical Research (1989)On the Usefulness of Earnings…An analysis of intertemporal and cross-sectional determinants of earnings response coefficients (1989)An analysis of intertemporal …The Dividend-Price Ratio and Expectations of Future Dividends and Discount Factors (1988)The Dividend-Price Ratio and …Stock Prices, Earnings, and Expected Dividends (1988)Stock Prices, Earnings, and E…Dividend yields and expected stock returns (1988)Dividend yields and expected …The Dividend-Price Ratio and Expectations of Future Dividends and Discount Factors (1986)The Dividend-Price Ratio and …Positive Accounting Theory (1985)Positive Accounting TheoryPersuasive evidence of market inefficiency (1985)Persuasive evidence of market…Stock Returns, Real Activity, Inflation, and Money (1981)Stock Returns, Real Activity,…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…An Empirical Evaluation of Accounting Income Numbers (1968)An Empirical Evaluation of Ac…Big Data as a Governance Mechanism (2018)Big Data as a Governance Mech…Is there a dark side to exchange traded funds? An information perspective (2017)Is there a dark side to excha…Financial Statement Comparability and the Efficiency of Acquisition Decisions (2017)Financial Statement Comparabi…Forward-Looking MD&A Disclosures and the Information Environment (2014)Forward-Looking MD&A Disclosu…Voluntary forward-looking statements driven by corporate governance and their value relevance (2013)Voluntary forward-looking sta…Econometrics of the Basu Asymmetric Timeliness Coefficient and Accounting Conservatism (2013)Econometrics of the Basu Asym…A new measure of accounting quality (2013)A new measure of accounting q…The implied cost of capital: A new approach (2011)The implied cost of capital: …Product Market Competition, Insider Trading, and Stock Market Efficiency (2010)Product Market Competition, I…How Much New Information Is There in Earnings? (2008)How Much New Information Is T…The Impact of SFAS No. 131 Business Segment Data on the Market's Ability to Anticipate Future Earnings (2005)The Impact of SFAS No. 131 Bu…Earnings and dividend informativeness when cash flow rights are separated from voting rights (2005)Earnings and dividend informa…Market valuations in the New Economy: an investigation of what has changed (2002)Market valuations in the New …Corporate Disclosure Policy and the Informativeness of Stock Prices (2002)Corporate Disclosure Policy a…Stock Returns and Accounting Earnings (2000)Stock Returns and Accounting …International Differences in the Timeliness, Conservatism, and Classification of Earnings (1999)International Differences in …MONEY, INCOME, AND CAUSALITY (1972)Economic Forces and the Stock Market (1986)Efficient Capital Markets: II (1991)A Comprehensive Look at The Empirical Performance of Equity Premium Prediction (2007)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Using daily stock returns (1985)The General Theory of Employment, Interest and Money. (1936)Efficient Capital Markets: A Review of Theory and Empirical Work (1970)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Noise Trader Risk in Financial Markets (1990)Common risk factors in the returns on stocks and bonds (1993)The Behavior of Stock-Market Prices (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)On Persistence in Mutual Fund Performance (1997)Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root (1981)Co-Integration and Error Correction: Representation, Estimation, and Testing (1987)Testing for a Unit Root in Time Series Regression (1988)ARCH modeling in finance (1992)A five-factor asset pricing model (2014)Earnings Management During Import Relief Investigations (1991)The Cross-Section of Expected Stock Returns (1992)Detecting Earnings Management. (1995)The Quality of Accruals and Earnings: The Role of Accrual Estimation Errors (2002)Earnings management and investor protection: an international comparison (2003)Do Stock Prices Move Too Much to be Justified by Subsequent Changes in Dividends? (1980)Does the Stock Market Overreact? (1985)The Efficient Market Hypothesis and Its Critics (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)Editor's Choice Digesting Anomalies: An Investment ApproachFurther Evidence On Investor Overreaction and Stock Market Seasonality (1987)Investor Psychology and Asset Pricing (2001)Consumption, Aggregate Wealth, and Expected Stock Returns (2001)Presidential Address: Discount Rates (2011)
this work references cited by second hop· second hop is a sample of the most-cited connections

References

  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1968An Empirical Evaluation of Accounting Income Numbers6,384 cited
  • 1985Positive Accounting Theory5,837 cited
  • 1988The Dividend-Price Ratio and Expectations of Future Dividends and Discount Factors3,784 cited
  • 1988Dividend yields and expected stock returns3,574 cited
  • 1981Stock Returns, Real Activity, Inflation, and Money2,632 cited
  • 1994Accounting earnings and cash flows as measures of firm performance2,584 cited
  • 1988Stock Prices, Earnings, and Expected Dividends2,457 cited
  • 1986The Dividend-Price Ratio and Expectations of Future Dividends and Discount Factors2,425 cited
  • 1985Persuasive evidence of market inefficiency1,951 cited
  • 1990A VARIANCE DECOMPOSITION FOR STOCK RETURNS1,822 cited
  • 1989An analysis of intertemporal and cross-sectional determinants of earnings response coefficients1,685 cited
  • 1990Stock Returns, Expected Returns, and Real Activity1,553 cited
  • 1989On the Usefulness of Earnings and Earnings Research: Lessons and Directions from Two Decades of Empirical Research1,120 cited
  • 1993Fundamental Information Analysis1,084 cited

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

  • 1991Earnings Asan Explanatory Variable for Returns1,017 cited
  • Cited by

    • 2011The implied cost of capital: A new approach565 cited
    • 2010Product Market Competition, Insider Trading, and Stock Market Efficiency486 cited
    • 1999International Differences in the Timeliness, Conservatism, and Classification of Earnings458 cited
    • 2002Corporate Disclosure Policy and the Informativeness of Stock Prices398 cited
    • 2014Forward-Looking MD&A Disclosures and the Information Environment384 cited
    • 2018Big Data as a Governance Mechanism383 cited
    • 2008How Much New Information Is There in Earnings?381 cited
    • 2013A new measure of accounting quality381 cited
    • 2005Earnings and dividend informativeness when cash flow rights are separated from voting rights365 cited
    • 2017Financial Statement Comparability and the Efficiency of Acquisition Decisions313 cited
    • 2017Is there a dark side to exchange traded funds? An information perspective311 cited
    • 2002Market valuations in the New Economy: an investigation of what has changed305 cited
    • 2000Stock Returns and Accounting Earnings273 cited
    • 2013Voluntary forward-looking statements driven by corporate governance and their value relevance262 cited
    • 2013Econometrics of the Basu Asymmetric Timeliness Coefficient and Accounting Conservatism258 cited
    • 2005The Impact of SFAS No. 131 Business Segment Data on the Market's Ability to Anticipate Future Earnings257 cited