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Decomposing the market, industry, and firm components of profitability: implications for forecasts of profitability
16 references·5 citing·48 second hop
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(2011)Stock price synchronicity, crash risk, and institutional investors (2013)Risk, Return, and Equilibrium: Empirical Tests (1973)The conservatism principle and the asymmetric timeliness of earnings1 (1997)The Stock Market and Corporate Investment: A Test of Catering Theory (2008)Manager sentiment and stock returns (2018)Judgment under Uncertainty: Heuristics and Biases (1974)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Common risk factors in the returns on stocks and bonds (1993)Econometrics of Event Studies**We thank Espen Eckbo, Jon Lewellen, Adam Kolasinski, and Jay Ritter for insightful comments, and Irfan Safdar and Alan Wancier for research assistance. (2007)Driven to Distraction: Extraneous Events and Underreaction to Earnings News (2009)Investor Inattention and Friday Earnings Announcements (2009)Disclosure, Liquidity, and the Cost of Capital (1991)The Cross-Section of Expected Stock Returns (1992)Differences of Opinion and the Cross Section of Stock Returns (2002)Environmental Externalities and Cost of Capital (2014)Equity Premia as Low as Three Percent? Evidence from Analysts' Earnings Forecasts for Domestic and International Stock Markets (2001)Equity Valuation Using Multiples (2002)Accounting anomalies and fundamental analysis: A review of recent research advances (2010)
this work references cited by second hop

References

  • 1991How much does industry matter?2,805 cited
  • 2001Capital markets research in accounting2,575 cited
  • 2001Toward an Implied Cost of Capital2,004 cited
  • 1997HOW MUCH DOES INDUSTRY MATTER, REALLY?1,640 cited
  • 2005Expected EPS and EPS Growth as Determinantsof Value1,414 cited
  • 2013Financial statement analysis and security valuation1,250 cited
  • 2004The Influence of Analysts, Institutional Investors, and Insiders on the Incorporation of Market, Industry, and Firm-Specific Information into Stock Prices1,250 cited
  • 1984Do Markets Differ Much1,159 cited
  • 2000Forecasting Profitability and Earnings857 cited
  • 1966Market and Industry Factors in Stock Price Behavior838 cited
  • 2001Ratio Analysis and Equity Valuation: From Research to Practice679 cited
  • 2003What's My Line? A Comparison of Industry Classification Schemes for Capital Market Research645 cited
  • 2008The Use of DuPont Analysis by Market Participants606 cited
  • 1981Intra-industry information transfers associated with earnings releases592 cited
  • 1970The Association Between Market Determined and Accounting Determined Risk Measures.573 cited

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2006
Analysts, Industries, and Price Momentum
409 cited

Cited by

  • 2020Managerial Response to Macroeconomic Uncertainty: Implications for Firm Profitability38 cited
  • 2021Risk‐Taking Incentives and Earnings Management: New Evidence*34 cited
  • 2022Financial statement analysis: a review and current issues33 cited
  • 2022Investment, Inflation, and the Role of Internal Information Systems as a Transmission Channel31 cited
  • 2024What drives startup valuations?21 cited