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An empirical assessment of the premium associated with meeting or beating both time-series earnings expectations and analysts’ forecasts
16 references·1 citing·31 second hop
An empirical assessment of the premium associated with meeting or beating both time-series earnings expectations and analysts’ forecasts (2007)An empirical assessment of the premium as…Detecting Earnings Management (2012)Detecting Earnings ManagementThe economic implications of corporate financial reporting (2005)The economic implications of …The rewards to meeting or beating earnings expectations (2002)The rewards to meeting or bea…Management's Incentives to Avoid Negative Earnings Surprises (2002)Management's Incentives to Av…Empirical evidence on the relation between stock option compensation and risk taking (2002)Empirical evidence on the rel…Does Meeting Earnings Expectations Matter? Evidence from Analyst Forecast Revisions and Share Prices (2002)Does Meeting Earnings Expecta…On the Association between Voluntary Disclosure and Earnings Management (1999)On the Association between Vo…Earnings Management to Exceed Thresholds (1999)Earnings Management to Exceed…Analyst forecast accuracy: Do ability, resources, and portfolio complexity matter? (1999)Analyst forecast accuracy: Do…Earnings management to avoid earnings decreases and losses (1997)Earnings management to avoid …Earnings disclosures and stockholder lawsuits (1997)Earnings disclosures and stoc…Do Security Analysts Improve Their Performance with Experience? (1997)Do Security Analysts Improve …To Warn or Not to Warn: Management Disclosures in the Face of an Earnings Surprise. (1995)To Warn or Not to Warn: Manag…Shareholder Litigation and Corporate Disclosures (1994)Shareholder Litigation and Co…Evidence that stock prices do not fully reflect the implications of current earnings for future earnings (1990)Evidence that stock prices do…Analysts' forecasts as earnings expectations (1988)Analysts' forecasts as earnin…Forecasting stock price with the residual income model (2010)Forecasting stock price with …An Empirical Evaluation of Accounting Income Numbers (1968)Prospect theory: An analysis of decision under risk (1988)Earnings management and investor protection: an international comparison (2003)Earnings Management through Real Activities Manipulation (2003)Disclosure of Nonproprietary Information (1985)Cross-Sectional Determinants of Analyst Ratings of Corporate Disclosures (1993)Why Firms Voluntarily Disclose Bad News (1994)Capital markets research in accounting (2001)Equity Incentives and Earnings Management (2005)Voluntary Nonfinancial Disclosure and the Cost of Equity Capital: The Initiation of Corporate Social Responsibility Reporting (2010)Editor's Choice Digesting Anomalies: An Investment ApproachRisk, Return, and Equilibrium: Empirical Tests (1973)Mean reversion in stock prices (1988)Post-Earnings-Announcement Drift: Delayed Price Response or Risk Premium? (1989)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)Investor Psychology and Asset Pricing (2001)Prospect Theory: An Analysis of Decision under Risk (1979)Detecting Earnings Management. (1995)Earnings Management During Import Relief Investigations (1991)Debt covenant violation and manipulation of accruals (1994)Understanding earnings quality: A review of the proxies, their determinants and their consequences (2010)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)The theory and practice of corporate finance: evidence from the field (2001)Disclosure level and the cost of equity capital. (1997)Performance Matched Discretionary Accrual Measures (2001)Do Nonaudit Services Compromise Auditor Independence? Further Evidence (2003)Accounting earnings and cash flows as measures of firm performance (1994)Performance matched discretionary accrual measures (2005)The Influence of Analysts, Institutional Investors, and Insiders on the Incorporation of Market, Industry, and Firm-Specific Information into Stock Prices (2004)Inside the 'Black Box' of Sell-Side Financial Analysts (2013)Real and Accrual-Based Earnings Management in the Pre- and Post-Sarbanes-Oxley Periods (2008)
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References

  • 2005The economic implications of corporate financial reporting6,337 cited
  • 1997Earnings management to avoid earnings decreases and losses3,839 cited
  • 2012Detecting Earnings Management3,821 cited
  • 1999Earnings Management to Exceed Thresholds2,764 cited
  • 1990Evidence that stock prices do not fully reflect the implications of current earnings for future earnings2,010 cited
  • 2002The rewards to meeting or beating earnings expectations1,706 cited
  • 2002Management's Incentives to Avoid Negative Earnings Surprises1,615 cited
  • 1999Analyst forecast accuracy: Do ability, resources, and portfolio complexity matter?1,428 cited
  • 1994Shareholder Litigation and Corporate Disclosures1,351 cited
  • 1999On the Association between Voluntary Disclosure and Earnings Management1,218 cited
  • 1988Analysts' forecasts as earnings expectations985 cited
  • 1997Earnings disclosures and stockholder lawsuits927 cited
  • 1995To Warn or Not to Warn: Management Disclosures in the Face of an Earnings Surprise.896 cited
  • 2002Empirical evidence on the relation between stock option compensation and risk taking863 cited
  • 2002Does Meeting Earnings Expectations Matter? Evidence from Analyst Forecast Revisions and Share Prices

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769 cited
  • 1997Do Security Analysts Improve Their Performance with Experience?737 cited
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    • 2010Forecasting stock price with the residual income model24 cited