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Does relative valuation work for banks?
16 references·0 citing·47 second hopsampled
Does relative valuation work for banks? (2018)Does relative valuation work for banks?Does Academic Research Destroy Stock Return Predictability? (2015)Does Academic Research Destro…Size, value, and momentum in international stock returns (2012)Size, value, and momentum in …The Credit Crisis Around the Globe: Why Did Some Banks Perform Better? (2011)The Credit Crisis Around the …The financial analyst forecasting literature: A taxonomy with suggestions for further research (2008)The financial analyst forecas…Information content of equity analyst reports (2004)Information content of equity…What's My Line? A Comparison of Industry Classification Schemes for Capital Market Research (2003)What's My Line? A Comparison …Market evidence on the opaqueness of banking firms’ assets (2003)Market evidence on the opaque…Assessing the relative informativeness and permanence of pro forma earnings and GAAP operating earnings (2003)Assessing the relative inform…Rating Banks: Risk and Uncertainty in an Opaque Industry (2002)Rating Banks: Risk and Uncert…Equity Valuation Using Multiples (2002)Equity Valuation Using Multip…Capital markets research in accounting (2001)Capital markets research in a…Valuing IPOs (1999)Valuing IPOsEarnings predictability and bias in analysts' earnings forecasts. (1998)Earnings predictability and b…Fundamental Analysis, Future Earnings, and Stock Prices (1997)Fundamental Analysis, Future …The Cross-Section of Expected Stock Returns (1992)The Cross-Section of Expected…Efficient Capital Markets: II (1991)Efficient Capital Markets: IITests of Analysts' Overreaction/Underreaction to Earnings Information as an Explanation for Anomalous Stock Price Behavior (1992)Fundamental Information Analysis (1993)Earnings, Book Values, and Dividends in Equity Valuation* (1995)Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers (2000)Nonfinancial Disclosure and Analyst Forecast Accuracy: International Evidence on Corporate Social Responsibility Disclosure (2012)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Corporate financing and investment decisions when firms have information that investors do not have (1984)Twitter mood predicts the stock market (2011)ESG and financial performance: aggregated evidence from more than 2000 empirical studies (2015)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)Value and Momentum Everywhere (2013)A five-factor asset pricing model (2014)Choosing factors (2018)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)Risk, Return, and Equilibrium: Empirical Tests (1973)Two new Later Stone Age sites from the Final Pleistocene in the Falémé Valley, eastern Senegal (2024)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Digesting Anomalies: An Investment Approach (2012)… and the Cross-Section of Expected Returns (2015)Replicating Anomalies (2018)Determinants of corporate borrowing (1977)Law and Finance (1998)Corporate Ownership Around the World (1999)Deciphering the Liquidity and Credit Crunch 2007–2008 (2009)How does capital affect bank performance during financial crises? (2013)Corporate Immunity to the COVID-19 Pandemic (2020)Do Brokerage Analysts' Recommendations Have Investment Value? (1996)Conflict of Interest and the Credibility of Underwriter Analyst Recommendations (1999)Can Investors Profit from the Prophets? Security Analyst Recommendations and Stock Returns (2001)Judgmental forecasting: A review of progress over the last 25years (2006)Externalities of public firm presence: Evidence from private firms' investment decisions (2013)Evidence on the Information Content of Text in Analyst Reports (2014)INVESTMENT PERFORMANCE OF COMMON STOCKS IN RELATION TO THEIR PRICE‐EARNINGS RATIOS: A TEST OF THE EFFICIENT MARKET HYPOTHESIS (1977)Valuation and Clean Surplus Accounting for Operating and Financial Activities* (1995)Inferring the Cost of Capital Using the Ohlson–Juettner Model (2003)Business sustainability performance and cost of equity capital (2015)Risk, Uncertainty and Profit (1921)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Finance and Growth: Theory and Evidence (2004)Chapter 12 Finance and Growth: Theory and Evidence (2005)Judgment under Uncertainty: Heuristics and Biases (1974)Driven to Distraction: Extraneous Events and Underreaction to Earnings News (2009)Investor Inattention and Friday Earnings Announcements (2009)Does Corporate Social Responsibility Affect the Cost of Capital? (2010)
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References

  • 1992The Cross-Section of Expected Stock Returns17,320 cited
  • 1991Efficient Capital Markets: II6,030 cited
  • 2001Capital markets research in accounting2,575 cited
  • 2012Size, value, and momentum in international stock returns1,837 cited
  • 2015Does Academic Research Destroy Stock Return Predictability?1,563 cited
  • 2011The Credit Crisis Around the Globe: Why Did Some Banks Perform Better?1,425 cited
  • 2002Rating Banks: Risk and Uncertainty in an Opaque Industry1,244 cited
  • 2004Information content of equity analyst reports962 cited
  • 1997Fundamental Analysis, Future Earnings, and Stock Prices862 cited
  • 2002Equity Valuation Using Multiples738 cited
  • 2008The financial analyst forecasting literature: A taxonomy with suggestions for further research684 cited
  • 2003What's My Line? A Comparison of Industry Classification Schemes for Capital Market Research645 cited
  • 1998Earnings predictability and bias in analysts' earnings forecasts.578 cited
  • 2003Assessing the relative informativeness and permanence of pro forma earnings and GAAP operating earnings557 cited
  • 1999Valuing IPOs488 cited

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2003
Market evidence on the opaqueness of banking firms’ assets
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