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Management Speaks, Investors Listen: Are Investors Too Focused on Managerial Disclosures?
16 references·0 citing·51 second hop
Management Speaks, Investors Listen: Are Investors Too Focused on Managerial Disclosures? (2016)Management Speaks, Investors Listen: Are …Managers' Use of Language Across Alternative Disclosure Outlets: Earnings Press Releases Versus MD&A (2011)Managers' Use of Language Acr…Annual report readability, current earnings, and earnings persistence (2008)Annual report readability, cu…Retracted: Relationship Incentives and the Optimistic/Pessimistic Pattern in Analysts' Forecasts (2007)Retracted: Relationship Incen…To blame or not to blame: Analysts’ reactions to external explanations for poor financial performance (2005)To blame or not to blame: Ana…Why Do Managers Explain Their Earnings Forecasts? (2004)Why Do Managers Explain Their…The Role of Supplementary Statements with Management Earnings Forecasts (2003)The Role of Supplementary Sta…Does the Stock Market Fully Appreciate the Implications of Leading Indicators for Future Earnings? Evidence from Order Backlog (2003)Does the Stock Market Fully A…When Is Bad News Really Bad News? (2002)When Is Bad News Really Bad N…Disclosure of Contingent Environmental Liabilities: Some Unintended Consequences? (1998)Disclosure of Contingent Envi…Do Stock Prices Fully Reflect Information in Accruals and Cash Flows About Future Earnings? (1996)Do Stock Prices Fully Reflect…How mental systems believe. (1991)How mental systems believe.Costs and benefits of judgment errors: Implications for debiasing. (1991)Costs and benefits of judgmen…Evidence that stock prices do not fully reflect the implications of current earnings for future earnings (1990)Evidence that stock prices do…Counterfactual reasoning and accuracy in predicting personal events. (1985)Counterfactual reasoning and …Strategies of information search in causal analysis (1982)Strategies of information sea…The processes of causal attribution. (1973)The processes of causal attri…A Theory of Social Comparison Processes (1954)The Psychology of Interpersonal Relations. (1958)Cognitive, social, and physiological determinants of emotional state. (1962)Self-serving biases in the attribution of causality: Fact or fiction? (1975)The “false consensus effect”: An egocentric bias in social perception and attribution processes (1977)The Intuitive Psychologist And His Shortcomings: Distortions in the Attribution Process (1977)Generalized expectancies for internal versus external control of reinforcement. (1966)Availability: A heuristic for judging frequency and probability (1973)Judgment under Uncertainty: Heuristics and Biases (1975)Norm theory: Comparing reality to its alternatives. (1986)Unrealistic optimism about susceptibility to health problems: Conclusions from a community-wide sample (1987)How we know--and sometimes misjudge--what others know: Imputing one's own knowledge to others. (1999)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)The Framing of Decisions and the Psychology of Choice (1981)Prospect theory: An analysis of decision under risk (1988)Anchoring, Activation, and the Construction of Values (1999)Ambiguity and Self-Evaluation: The Role of Idiosyncratic Trait Definitions in Self-Serving Assessments of Ability (2002)Behavioral strategy (2011)The Principles of Psychology (1891)Implicit social cognition: Attitudes, self-esteem, and stereotypes. (1995)Confirmation Bias: A Ubiquitous Phenomenon in Many Guises (1998)Metaphors We Live By (2003)Social Influence: Compliance and Conformity (2004)Earnings Management through Real Activities Manipulation (2003)The economic implications of corporate financial reporting (2005)Textual Analysis of Corporate Disclosures: A Survey of the Literature (2011)When Is a Liability Not a Liability? Textual Analysis, Dictionaries, and 10‐Ks (2011)The effect of manager-specific optimism on the tone of earnings conference calls (2014)Textual Analysis in Accounting and Finance: A Survey (2016)Positive Accounting Theory (1985)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)The market pricing of accruals quality (2005)How does financial reporting quality relate to investment efficiency? (2009)Asset pricing and the bid-ask spread (1986)A Simple Model of Capital Market Equilibrium with Incomplete Information (1987)Disclosure, Liquidity, and the Cost of Capital (1991)Methodological Insights (2009)A conceptual framework of impression management: new insights from psychology, sociology, and critical perspectives (2011)Bundled Forecasts in Empirical Accounting Research (2011)Discretionary disclosure (1983)Outside directors and CEO turnover (1988)The conservatism principle and the asymmetric timeliness of earnings1 (1997)Revisiting the relation between environmental performance and environmental disclosure: An empirical analysis (2007)The Role of Dissemination in Market Liquidity: Evidence from Firms' Use of Twitter™ (2013)Voluntary environmental disclosure quality and firm value: Further evidence (2015)Understanding earnings quality: A review of the proxies, their determinants and their consequences (2010)
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References

  • 1973The processes of causal attribution.4,031 cited
  • 2008Annual report readability, current earnings, and earnings persistence2,850 cited
  • 1996Do Stock Prices Fully Reflect Information in Accruals and Cash Flows About Future Earnings?2,636 cited
  • 1990Evidence that stock prices do not fully reflect the implications of current earnings for future earnings2,010 cited
  • 1991How mental systems believe.1,523 cited
  • 1991Costs and benefits of judgment errors: Implications for debiasing.764 cited
  • 2003The Role of Supplementary Statements with Management Earnings Forecasts683 cited
  • 2011Managers' Use of Language Across Alternative Disclosure Outlets: Earnings Press Releases Versus MD&A577 cited
  • 1985Counterfactual reasoning and accuracy in predicting personal events.430 cited
  • 2004Why Do Managers Explain Their Earnings Forecasts?348 cited
  • 2002When Is Bad News Really Bad News?298 cited
  • 2003Does the Stock Market Fully Appreciate the Implications of Leading Indicators for Future Earnings? Evidence from Order Backlog205 cited
  • 2005To blame or not to blame: Analysts’ reactions to external explanations for poor financial performance200 cited
  • 1982Strategies of information search in causal analysis179 cited

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1998
Disclosure of Contingent Environmental Liabilities: Some Unintended Consequences?
110 cited
  • 2007Retracted: Relationship Incentives and the Optimistic/Pessimistic Pattern in Analysts' Forecasts102 cited
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