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Volume, Opinion Divergence, and Returns: A Study of Post-Earnings Announcement Drift
16 references·16 citing·29 second hopsampled
Volume, Opinion Divergence, and Returns: A Study of Post-Earnings Announcement Drift (2006)Volume, Opinion Divergence, and Returns: …Differences of Opinion and the Cross Section of Stock Returns (2002)Differences of Opinion and th…Toward an Implied Cost of Capital (2001)Toward an Implied Cost of Cap…Bad News Travels Slowly: Size, Analyst Coverage, and the Profitability of Momentum Strategies (2000)Bad News Travels Slowly: Size…A Unified Theory of Underreaction, Momentum Trading, and Overreaction in Asset Markets (1999)A Unified Theory of Underreac…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)Market efficiency, long-term …The pricing of discretionary accruals (1996)The pricing of discretionary …Detecting Earnings Management. (1995)Detecting Earnings Management.Market liquidity and volume around earnings announcements (1994)Market liquidity and volume a…Debt covenant violation and manipulation of accruals (1994)Debt covenant violation and m…Common risk factors in the returns on stocks and bonds (1993)Common risk factors in the re…Earnings Management During Import Relief Investigations (1991)Earnings Management During Im…Post-Earnings-Announcement Drift: Delayed Price Response or Risk Premium? (1989)Post-Earnings-Announcement Dr…The Relation Between Price Changes and Trading Volume: A Survey (1987)The Relation Between Price Ch…Asset pricing and the bid-ask spread (1986)Asset pricing and the bid-ask…RISK, UNCERTAINTY, AND DIVERGENCE OF OPINION (1977)RISK, UNCERTAINTY, AND DIVERG…The Information Content of Annual Earnings Announcements (1968)The Information Content of An…Tick Size Tolls: Can a Trading Slowdown Improve Earnings News Discovery? (2020)Tick Size Tolls: Can a Tradin…The Impact of Executive Verbal Communication on the Convergence of Investors’ Opinions (2020)The Impact of Executive Verba…A review of the Post-Earnings-Announcement Drift (2020)A review of the Post-Earnings…The convergence and divergence of investors' opinions around earnings news: Evidence from a social network (2018)The convergence and divergenc…Consequences of Expanded Audit Reports: Evidence from the Justifications of Assessments in France (2018)Consequences of Expanded Audi…Asymmetric Trading Costs Prior to Earnings Announcements: Implications for Price Discovery and Returns (2017)Asymmetric Trading Costs Prio…The Calm before the Storm (2015)The Calm before the StormEarnings Quality Measures and Excess Returns (2014)Earnings Quality Measures and…Dispersion in beliefs among active mutual funds and the cross-section of stock returns (2014)Dispersion in beliefs among a…Information Content of Earnings Announcements: Evidence from After-Hours Trading (2012)Information Content of Earnin…Trading Volume Around Earnings Announcements and Other Financial Reports: Theory, Research Design, Empirical Evidence, and Directions for Future Research* (2011)Trading Volume Around Earning…Are Investors Confused by Restatements after Sarbanes-Oxley? (2010)Are Investors Confused by Res…On the information role of stock recommendation revisions (2009)On the information role of st…Measuring Investors' Opinion Divergence (2009)Measuring Investors' Opinion …Event Day 0? After‐Hours Earnings Announcements (2008)Event Day 0? After‐Hours Earn…Information Uncertainty and Post‐Earnings‐Announcement‐Drift (2007)Information Uncertainty and P…Corporate Forecasts of Earnings Per Share and Stock Price Behavior: Empirical Test (1976)The economic implications of corporate financial reporting (2005)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 relationship between return and market value of common stocks (1981)The theory and practice of econometrics (1986)Liquidity Risk and Expected Stock Returns (2003)Investor Sentiment and the Cross‐Section of Stock Returns (2006)Positive Accounting Theory (1985)The effect of bonus schemes on accounting decisions (1985)A Review of the Earnings Management Literature and Its Implications for Standard Setting (1999)The Pricing of Options and Corporate Liabilities (1973)Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors (2000)The Cross‐Section of Volatility and Expected Returns (2006)All That Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors (2007)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Earnings management and investor protection: an international comparison (2003)Earnings Management through Real Activities Manipulation (2003)Performance matched discretionary accrual measures (2005)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Using daily stock returns (1985)Capital markets research in accounting (2001)Investor Psychology and Asset Pricing (2001)More Than Words: Quantifying Language to Measure Firms' Fundamentals (2008)Presidential Address: Discount Rates (2011)
this work references cited by second hop· second hop is a sample of the most-cited connections

References

  • 1993Common risk factors in the returns on stocks and bonds26,615 cited
  • 1991Earnings Management During Import Relief Investigations8,369 cited
  • 1995Detecting Earnings Management.6,532 cited
  • 1986Asset pricing and the bid-ask spread5,087 cited
  • 1999A Unified Theory of Underreaction, Momentum Trading, and Overreaction in Asset Markets4,018 cited
  • 1977RISK, UNCERTAINTY, AND DIVERGENCE OF OPINION3,714 cited
  • 1994Debt covenant violation and manipulation of accruals2,773 cited
  • 1968The Information Content of Annual Earnings Announcements2,739 cited
  • 2000Bad News Travels Slowly: Size, Analyst Coverage, and the Profitability of Momentum Strategies2,639 cited
  • 1998Market 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.12,572 cited
  • 1987The Relation Between Price Changes and Trading Volume: A Survey2,380 cited
  • 1989Post-Earnings-Announcement Drift: Delayed Price Response or Risk Premium?2,314 cited
  • 2002Differences of Opinion and the Cross Section of Stock Returns2,145 cited
  • 2001Toward an Implied Cost of Capital

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

2,004 cited
  • 1994Market liquidity and volume around earnings announcements1,786 cited
  • 1996The pricing of discretionary accruals1,662 cited
  • Cited by

    • 2011Trading Volume Around Earnings Announcements and Other Financial Reports: Theory, Research Design, Empirical Evidence, and Directions for Future Research*275 cited
    • 2009Measuring Investors' Opinion Divergence260 cited
    • 2009On the information role of stock recommendation revisions239 cited
    • 2007Information Uncertainty and Post‐Earnings‐Announcement‐Drift229 cited
    • 2018Consequences of Expanded Audit Reports: Evidence from the Justifications of Assessments in France218 cited
    • 2014Earnings Quality Measures and Excess Returns186 cited
    • 2008Event Day 0? After‐Hours Earnings Announcements154 cited
    • 2018The convergence and divergence of investors' opinions around earnings news: Evidence from a social network118 cited
    • 2010Are Investors Confused by Restatements after Sarbanes-Oxley?117 cited
    • 2012Information Content of Earnings Announcements: Evidence from After-Hours Trading102 cited
    • 2020Tick Size Tolls: Can a Trading Slowdown Improve Earnings News Discovery?98 cited
    • 2015The Calm before the Storm97 cited
    • 2014Dispersion in beliefs among active mutual funds and the cross-section of stock returns78 cited
    • 2020A review of the Post-Earnings-Announcement Drift77 cited
    • 2017Asymmetric Trading Costs Prior to Earnings Announcements: Implications for Price Discovery and Returns76 cited
    • 2020The Impact of Executive Verbal Communication on the Convergence of Investors’ Opinions72 cited