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Costly Information Processing: Evidence from Earnings Announcements
16 references·16 citing·32 second hopsampled
Costly Information Processing: Evidence from Earnings Announcements (2008)Costly Information Processing: Evidence f…Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)Estimating Standard Errors in…Giving Content to Investor Sentiment: The Role of Media in the Stock Market (2007)Giving Content to Investor Se…Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2006)Estimating Standard Errors in…Capital markets research in accounting (2001)Capital markets research in a…A Unified Theory of Underreaction, Momentum Trading, and Overreaction in Asset Markets (1999)A Unified Theory of Underreac…Investor Psychology and Security Market Under‐ and Overreactions (1998)Investor Psychology and Secur…Detecting long-run abnormal stock returns: The empirical power and specification of test statistics (1997)Detecting long-run abnormal s…The New Issues Puzzle (1995)The New Issues PuzzleThe Limits of Arbitrage (1995)The Limits of ArbitrageReturns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Returns to Buying Winners and…Common risk factors in the returns on stocks and bonds (1993)Common risk factors in the re…The Long‐Run Performance of initial Public Offerings (1991)The Long‐Run Performance of i…On the Impossibility of Informationally Efficient Markets (1980)On the Impossibility of Infor…On the Impossibility of Informationally Efficient Markets (1980)On the Impossibility of Infor…An Empirical Evaluation of Accounting Income Numbers (1968)An Empirical Evaluation of Ac…A model of investor sentiment /A model of investor sentiment…Quantifying Sentiment with News Media across Local Housing Markets (2018)Quantifying Sentiment with Ne…Information, Trading, and Volatility: Evidence from Firm-Specific News (2018)Information, Trading, and Vol…Headline Salience, Managerial Opportunism, and Over- and Underreactions to Earnings (2018)Headline Salience, Managerial…A Mind Is a Terrible Thing to Change: Confirmatory Bias in Financial Markets (2016)A Mind Is a Terrible Thing to…The Use of Word Lists in Textual Analysis (2015)The Use of Word Lists in Text…Spreading the Word: Price Discovery and Newswire Dissemination of Management Earnings Guidance (2015)Spreading the Word: Price Dis…Rumor Has It: Sensationalism in Financial Media (2015)Rumor Has It: Sensationalism …News Trading and Speed (2015)News Trading and SpeedManagers set the tone: Equity incentives and the tone of earnings press releases (2015)Managers set the tone: Equity…News sentiment in the gold futures market (2014)News sentiment in the gold fu…Which News Moves Stock Prices? A Textual Analysis (2013)Which News Moves Stock Prices…Market Reaction to Corporate Press Releases (2013)Market Reaction to Corporate …Market Madness? The Case of Mad Money (2011)Market Madness? The Case of M…How are Shorts Informed? Short Sellers, News, and Information Processing (2010)How are Shorts Informed? Shor…Earnings Conference Call Content and Stock Price: The Case of REITs (2010)Earnings Conference Call Cont…Predicting risk from financial reports with regression (2009)Predicting risk from financia…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Risk, Return, and Equilibrium: Empirical Tests (1973)The Cross-Section of Expected Stock Returns (1992)On Persistence in Mutual Fund Performance (1997)Illiquidity and stock returns: cross-section and time-series effects (2002)A five-factor asset pricing model (2014)The Behavior of Stock-Market Prices (1965)Investor Sentiment and the Cross‐Section of Stock Returns (2006)Market Liquidity and Funding Liquidity (2008)Does the Stock Market Overreact? (1985)Multifactor Explanations of Asset Pricing Anomalies (1996)Continuous Auctions and Insider Trading (1985)Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors (2000)Boys will be Boys: Gender, Overconfidence, and Common Stock Investment (2001)Judgment under Uncertainty: Heuristics and Biases (1975)In Search of Attention (2011)Integración de los mercados financieros Latinoamericanos por medio de MILA (2020)The General Theory of Employment, Interest and Money. (1936)Investigating Causal Relations by Econometric Models and Cross-spectral Methods (1969)More Than Words: Quantifying Language to Measure Firms' Fundamentals (2008)Textual Analysis in Accounting and Finance: A Survey (2016)Specification Tests in Econometrics (1978)Econometric Analysis of Cross Section and Panel Data (2001)Robust Standard Errors for Panel Regressions with Cross-Sectional Dependence (2007)Robust Inference With Multiway Clustering (2011)Policy Uncertainty and Corporate Investment (2015)Noise Trader Risk in Financial Markets (1990)Efficient Capital Markets: II (1991)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Using daily stock returns (1985)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)Bad News Travels Slowly: Size, Analyst Coverage, and the Profitability of Momentum Strategies (2000)
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References

  • 1993Common risk factors in the returns on stocks and bonds26,615 cited
  • 1993Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency11,575 cited
  • 2008Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches10,793 cited
  • 1968An Empirical Evaluation of Accounting Income Numbers6,384 cited
  • 1998Investor Psychology and Security Market Under‐ and Overreactions5,711 cited
  • 1995The Limits of Arbitrage5,282 cited
  • 1980On the Impossibility of Informationally Efficient Markets5,122 cited
  • 2007Giving Content to Investor Sentiment: The Role of Media in the Stock Market4,822 cited
  • n.d.A model of investor sentiment /4,073 cited
  • 1999A Unified Theory of Underreaction, Momentum Trading, and Overreaction in Asset Markets4,018 cited
  • 1980On the Impossibility of Informationally Efficient Markets3,640 cited
  • 1995The New Issues Puzzle3,550 cited
  • 1991The Long‐Run Performance of initial Public Offerings3,500 cited
  • 1997Detecting long-run abnormal stock returns: The empirical power and specification of test statistics2,690 cited
  • 2001Capital markets research in accounting2,575 cited

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  • 2006Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches2,559 cited
  • Cited by

    • 2015News Trading and Speed305 cited
    • 2015Rumor Has It: Sensationalism in Financial Media288 cited
    • 2009Predicting risk from financial reports with regression271 cited
    • 2015The Use of Word Lists in Textual Analysis244 cited
    • 2013Which News Moves Stock Prices? A Textual Analysis222 cited
    • 2015Managers set the tone: Equity incentives and the tone of earnings press releases203 cited
    • 2015Spreading the Word: Price Discovery and Newswire Dissemination of Management Earnings Guidance200 cited
    • 2011Market Madness? The Case of Mad Money199 cited
    • 2018Information, Trading, and Volatility: Evidence from Firm-Specific News185 cited
    • 2018Quantifying Sentiment with News Media across Local Housing Markets170 cited
    • 2018Headline Salience, Managerial Opportunism, and Over- and Underreactions to Earnings167 cited
    • 2014News sentiment in the gold futures market164 cited
    • 2010How are Shorts Informed? Short Sellers, News, and Information Processing145 cited
    • 2016A Mind Is a Terrible Thing to Change: Confirmatory Bias in Financial Markets138 cited
    • 2013Market Reaction to Corporate Press Releases131 cited
    • 2010Earnings Conference Call Content and Stock Price: The Case of REITs128 cited