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Price-Earnings Ratios and Earnings Capitalization Under Uncertainty
4 references·12 citing·31 second hop
Price-Earnings Ratios and Earnings Capitalization Under Uncertainty (1983)Price-Earnings Ratios and Earnings Capita…Financial Reporting: An Accounting Revolution. (1982)Financial Reporting: An Accou…The Magic in Earnings: Economic Earnings versus Accounting Earnings (1980)The Magic in Earnings: Econom…Information and the Sequential Valuation of Assets in Arbitrage-Free Economies (1980)Information and the Sequentia…The Valuation of Uncertain Income Streams and the Pricing of Options (1976)The Valuation of Uncertain In…Time-Series Properties of Financial Series and Implications for Modeling (1996)Time-Series Properties of Fin…Modeling dividends, earnings, and book value equity: An empirical investigation of the ohlson valuation dynamics (1996)Modeling dividends, earnings,…Academic Research in Accounting: The Last 50 Years (1996)Academic Research in Accounti…The Ability of Earnings to Predict Future Earnings and Cash Flow (1994)The Ability of Earnings to Pr…Earnings information and the determination of dividend policy (1991)Earnings information and the …CASH FLOW SIGNALS AND ANALYSTS' EARNINGS FORECAST REVISIONS (1991)CASH FLOW SIGNALS AND ANALYST…Ungarbled earnings and dividends (1989)Ungarbled earnings and divide…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 …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…CAPITAL 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)Trading Volume and Price Reactions to Public Announcements (1991)Capital markets research in accounting (2001)Dividend Policy, Growth, and the Valuation of Shares (1961)Positive Accounting Theory (1985)Co-Integration and Error Correction: Representation, Estimation, and Testing (1987)Customer Satisfaction, Cash Flow, and Shareholder Value (2005)Comparing the Value Relevance, Predictive Value, and Persistence of Other Comprehensive Income and Special Items (2011)The Behavior of Stock-Market Prices (1965)The relationship between return and market value of common stocks (1981)Do Brokerage Analysts' Recommendations Have Investment Value? (1996)The relations among environmental disclosure, environmental performance, and economic performance: a simultaneous equations approach (2003)An Empirical Evaluation of Accounting Income Numbers (1968)Do Stock Prices Move Too Much to be Justified by Subsequent Changes in Dividends? (1980)Stock Prices, Earnings and Expected Dividends (1988)Evidence that stock prices do not fully reflect the implications of current earnings for future earnings (1990)An Intertemporal Capital Asset Pricing Model (1973)Cash Flow Patterns as a Proxy for Firm Life Cycle (2011)Financial statement analysis and the prediction of stock returns (1989)Earnings, Book Values, and Dividends in Equity Valuation* (1995)The Adjustment of Stock Prices to New Information (2003)The Effect of Disclosures by Management, Analysts, and Business Press on Cost of Capital, Return Volatility, and Analyst Forecasts: A Study Using Content Analysis (2009)Capital regulation, risk-taking and monetary policy: A missing link in the transmission mechanism? (2011)Noise (1986)A Comparison of Dividend, Cash Flow, and Earnings Approaches to Equity Valuation* (1998)PE Ratios, PEG Ratios, and Estimating the Implied Expected Rate of Return on Equity Capital (2004)Option pricing: A simplified approach (1979)A Theory of the Term Structure of Interest Rates (1985)Efficient Capital Markets: II (1991)
this work references cited by second hop

References

  • 1976The Valuation of Uncertain Income Streams and the Pricing of Options1,620 cited
  • 1982Financial Reporting: An Accounting Revolution.953 cited
  • 1980The Magic in Earnings: Economic Earnings versus Accounting Earnings89 cited
  • 1980Information and the Sequential Valuation of Assets in Arbitrage-Free Economies83 cited

Cited by

  • 1989An analysis of intertemporal and cross-sectional determinants of earnings response coefficients1,685 cited
  • 1987Earnings Innovations, Earnings Persistence, and Stock Returns909 cited
  • 1989Cross-sectional variation in the stock market response to accounting earnings announcements816 cited
  • 1987On cross-sectional analysis in accounting research541 cited
  • 1987The association between accounting earnings and security returns for large and small firms528 cited
  • 1994The Ability of Earnings to Predict Future Earnings and Cash Flow317 cited
  • 1996Modeling dividends, earnings, and book value equity: An empirical investigation of the ohlson valuation dynamics53 cited
  • 1989Ungarbled earnings and dividends33 cited
  • 1996Time-Series Properties of Financial Series and Implications for Modeling20 cited
  • 1996Academic Research in Accounting: The Last 50 Years17 cited

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  • 1991CASH FLOW SIGNALS AND ANALYSTS' EARNINGS FORECAST REVISIONS13 cited
  • 1991Earnings information and the determination of dividend policy12 cited