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How naive is the stock market's use of earnings information?

Listed author(s):
  • Ball, Ray
  • Bartov, Eli
Registered author(s):

No abstract is available for this item.

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File URL: http://www.sciencedirect.com/science/article/pii/0165-4101(96)00420-X
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Article provided by Elsevier in its journal Journal of Accounting and Economics.

Volume (Year): 21 (1996)
Issue (Month): 3 (June)
Pages: 319-337

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Handle: RePEc:eee:jaecon:v:21:y:1996:i:3:p:319-337
Contact details of provider: Web page: http://www.elsevier.com/locate/jae

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  1. repec:bla:joares:v:23:y:1985:i:1:p:21-36 is not listed on IDEAS
  2. Brown, Stephen J & Goetzmann, William N & Ross, Stephen A, 1995. " Survival," Journal of Finance, American Finance Association, vol. 50(3), pages 853-873, July.
  3. Bernard, Victor L. & Thomas, Jacob K., 1990. "Evidence that stock prices do not fully reflect the implications of current earnings for future earnings," Journal of Accounting and Economics, Elsevier, vol. 13(4), pages 305-340, December.
  4. Kothari, S. P. & Sloan, Richard G., 1992. "Information in prices about future earnings : Implications for earnings response coefficients," Journal of Accounting and Economics, Elsevier, vol. 15(2-3), pages 143-171, August.
  5. Rendleman, Richard J, Jr & Jones, Charles P & Latane, Henry A, 1987. "Further Insight into the Standarized Unexpected Earnings Anomaly: Size and Serial Correlation Effects," The Financial Review, Eastern Finance Association, vol. 22(1), pages 131-144, February.
  6. Ball, Ray & Watts, Ross, 1972. "Some Time Series Properties of Accounting Income," Journal of Finance, American Finance Association, vol. 27(3), pages 663-681, June.
  7. Ball, Ray & Kothari, S. P., 1989. "Nonstationary expected returns : Implications for tests of market efficiency and serial correlation in returns," Journal of Financial Economics, Elsevier, vol. 25(1), pages 51-74, November.
  8. Shiller, Robert J, 1981. "Do Stock Prices Move Too Much to be Justified by Subsequent Changes in Dividends?," American Economic Review, American Economic Association, vol. 71(3), pages 421-436, June.
  9. De Bondt, Werner F M & Thaler, Richard H, 1987. " Further Evidence on Investor Overreaction and Stock Market Seasonalit y," Journal of Finance, American Finance Association, vol. 42(3), pages 557-581, July.
  10. Ball, Ray & Kothari, S. P. & Shanken, Jay, 1995. "Problems in measuring portfolio performance An application to contrarian investment strategies," Journal of Financial Economics, Elsevier, vol. 38(1), pages 79-107, May.
  11. Ball, Ray, 1992. "The earnings-price anomaly," Journal of Accounting and Economics, Elsevier, vol. 15(2-3), pages 319-345, August.
  12. Victor L. Bernard & Jacob K. Thomas & Jeffery S. Abarbanell, 1993. "How Sophisticated Is The Market In Interpreting Earnings News?," Journal of Applied Corporate Finance, Morgan Stanley, vol. 6(2), pages 54-63.
  13. De Bondt, Werner F M & Thaler, Richard, 1985. " Does the Stock Market Overreact?," Journal of Finance, American Finance Association, vol. 40(3), pages 793-805, July.
  14. repec:bla:joares:v:6:y:1968:i:2:p:159-178 is not listed on IDEAS
  15. Chopra, Navin & Lakonishok, Josef & Ritter, Jay R., 1992. "Measuring abnormal performance : Do stocks overreact?," Journal of Financial Economics, Elsevier, vol. 31(2), pages 235-268, April.
  16. Freeman, Robert N., 1987. "The association between accounting earnings and security returns for large and small firms," Journal of Accounting and Economics, Elsevier, vol. 9(2), pages 195-228, July.
  17. repec:bla:joares:v:29:y:1991:i:1:p:170-179 is not listed on IDEAS
  18. Kaul, Gautam & Nimalendran, M., 1990. "Price reversals *1: Bid-ask errors or market overreaction?," Journal of Financial Economics, Elsevier, vol. 28(1-2), pages 67-93.
  19. Ball, Ray, 1978. "Anomalies in relationships between securities' yields and yield-surrogates," Journal of Financial Economics, Elsevier, vol. 6(2-3), pages 103-126.
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