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The earnings-price anomaly

Citations

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Cited by:

  1. A. William Richardson & Kevin Veenstra, 2022. "The Post‐earnings Announcement Drift: A Pre‐earnings Announcement Effect? A Multi‐period Analysis," Abacus, Accounting Foundation, University of Sydney, vol. 58(4), pages 648-678, December.
  2. Keith Anderson & Chris Brooks, 2006. "The Long‐Term Price‐Earnings Ratio," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 33(7‐8), pages 1063-1086, September.
  3. G. Geoffrey Booth & Juha-Pekka Kallunki & Teppo Martikainen, 1998. "Delayed price response to the announcements of earnings and its components in Finland," European Accounting Review, Taylor & Francis Journals, vol. 6(3), pages 377-392.
  4. Wenjing Xu & Ming Qi, 2017. "Presentation Pattern and the Value Relevance of Comprehensive Income --- Evidence from China," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 9(6), pages 31-37, June.
  5. Ganapathi Narayanamoorthy, 2006. "Conservatism and Cross‐Sectional Variation in the Post–Earnings Announcement Drift," Journal of Accounting Research, Wiley Blackwell, vol. 44(4), pages 763-789, September.
  6. Liu, Jianan & Stambaugh, Robert F. & Yuan, Yu, 2019. "Size and value in China," Journal of Financial Economics, Elsevier, vol. 134(1), pages 48-69.
  7. Ayers, Benjamin & Freeman, Robert N., 1997. "Market assessment of industry and firm earnings information," Journal of Accounting and Economics, Elsevier, vol. 24(2), pages 205-218, December.
  8. Ann B. Gillette & Douglas E. Stevens & Susan G. Watts & Arlington W. Williams, 1999. "Price and Volume Reactions to Public Information Releases: An Experimental Approach Incorporating Traders' Subjective Beliefs," Contemporary Accounting Research, John Wiley & Sons, vol. 16(3), pages 437-479, September.
  9. Fink, Josef & Palan, Stefan & Theissen, Erik, 2020. "Earnings autocorrelation and the post-earnings-announcement drift: Experimental evidence," CFR Working Papers 20-10, University of Cologne, Centre for Financial Research (CFR).
  10. Michael Ettredge & Richard Toolson & Steve Hall & Chongkil Na, 1996. "Behavior of earnings, stock returns, accruals, and analysts' forecasts following negative annual earnings," Review of Financial Economics, John Wiley & Sons, vol. 5(2), pages 147-162.
  11. Weimin Liu & Norman Strong & Xinzhong Xu, 2003. "Post–earnings–announcement Drift in the UK," European Financial Management, European Financial Management Association, vol. 9(1), pages 89-116, March.
  12. Josef Fink, 2020. "A Review of the Post-Earnings-Announcement Drift," Working Paper Series, Social and Economic Sciences 2020-04, Faculty of Social and Economic Sciences, Karl-Franzens-University Graz.
  13. Ke, Bin & Ramalingegowda, Santhosh, 2005. "Do institutional investors exploit the post-earnings announcement drift?," Journal of Accounting and Economics, Elsevier, vol. 39(1), pages 25-53, February.
  14. Thomas, Wayne B., 1999. "A test of the market's mispricing of domestic and foreign earnings," Journal of Accounting and Economics, Elsevier, vol. 28(3), pages 243-267, December.
  15. Baker, H. Kent & Ni, Yang & Saadi, Samir & Zhu, Hui, 2019. "Competitive earnings news and post-earnings announcement drift," International Review of Financial Analysis, Elsevier, vol. 63(C), pages 331-343.
  16. Anders Ekholm, 2006. "How Do Different Types of Investors React to New Earnings Information?," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 33(1‐2), pages 127-144, January.
  17. Anthony Boardman & Z. Stuart Liu & Marshall Sarnat & Ilan Vertinsky, 1998. "The effectiveness of tightening illegal insider trading regulation: the case of corporate takeovers," Applied Financial Economics, Taylor & Francis Journals, vol. 8(5), pages 519-531.
  18. Fink, Josef, 2021. "A review of the Post-Earnings-Announcement Drift," Journal of Behavioral and Experimental Finance, Elsevier, vol. 29(C).
  19. G. Geoffrey Booth & Juha‐Pekka Kallunki & Petri Sahlström & Jaakko Tyynelä, 2011. "Foreign vs domestic investors and the post‐announcement drift," International Journal of Managerial Finance, Emerald Group Publishing Limited, vol. 7(3), pages 220-237, June.
  20. Dave E. Allen & Henrietta Lisnawati & Martyn Clissold, 1998. "Predicting Earnings Growth Using E/P Ratios: Australian Evidence," Australian Journal of Management, Australian School of Business, vol. 23(1), pages 115-127, June.
  21. Francis, Jennifer & LaFond, Ryan & Olsson, Per & Schipper, Katherine, 2003. "Accounting Anomalies and Information Uncertainty," SIFR Research Report Series 13, Institute for Financial Research.
  22. Ole-Kristian Hope & Danqi Hu & Hai Lu, 2016. "The benefits of specific risk-factor disclosures," Review of Accounting Studies, Springer, vol. 21(4), pages 1005-1045, December.
  23. Neenu C & T Mohamed Nishad, 2022. "Behavior of Financial Markets Around News Announcements: A Review Based on Bibliometric Analysis of Scientific Fields," The Review of Finance and Banking, Academia de Studii Economice din Bucuresti, Romania / Facultatea de Finante, Asigurari, Banci si Burse de Valori / Catedra de Finante, vol. 14(2), pages 143-172, December.
  24. Mark Kamstra, 2003. "Pricing firms on the basis of fundamentals," Economic Review, Federal Reserve Bank of Atlanta, vol. 88(Q1), pages 49-70.
  25. Jun, So Young & Kim, Dong Sung & Jung, Suk Yoon & Jun, Sang Gyung & Kim, Jong Woo, 2022. "Stock investment strategy combining earnings power index and machine learning," International Journal of Accounting Information Systems, Elsevier, vol. 47(C).
  26. Jon A. Garfinkel & Jonathan Sokobin, 2006. "Volume, Opinion Divergence, and Returns: A Study of Post–Earnings Announcement Drift," Journal of Accounting Research, Wiley Blackwell, vol. 44(1), pages 85-112, March.
  27. S. P. Kothari & Charles Wasley, 2019. "Commemorating the 50‐Year Anniversary of Ball and Brown (1968): The Evolution of Capital Market Research over the Past 50 Years," Journal of Accounting Research, Wiley Blackwell, vol. 57(5), pages 1117-1159, December.
  28. Jennifer Francis & Ryan Lafond & Per Olsson & Katherine Schipper, 2007. "Information Uncertainty and Post‐Earnings‐Announcement‐Drift," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 34(3‐4), pages 403-433, April.
  29. Carlos Forner & Sonia Sanabria & Joaquín Marhuenda, 2009. "Post-earnings announcement drift: Spanish evidence," Spanish Economic Review, Springer;Spanish Economic Association, vol. 11(3), pages 207-241, September.
  30. Photis Panayides & Neophytos Lambertides, 2011. "Fundamental Analysis and Relative Efficiency of Maritime Firms: Dry Bulk vs Tanker Firms," Chapters, in: Kevin Cullinane (ed.), International Handbook of Maritime Economics, chapter 5, Edward Elgar Publishing.
  31. Ball, Ray & Bartov, Eli, 1996. "How naive is the stock market's use of earnings information?," Journal of Accounting and Economics, Elsevier, vol. 21(3), pages 319-337, June.
  32. Kjærland, Frode, 2010. "Market (in)efficiency in valuing electric utilities--The case of Norwegian generating companies," Energy Policy, Elsevier, vol. 38(5), pages 2379-2385, May.
  33. Josef Fink & Stefan Palan & Erik Theissen, 2020. "Earnings Autocorrelation and the Post-Earnings-AnnouncementDrift – Experimental Evidence," Working Paper Series, Social and Economic Sciences 2020-03, Faculty of Social and Economic Sciences, Karl-Franzens-University Graz.
  34. Mark W. Nelson & Susan D. Krische & Robert J. Bloomfield, 2003. "Confidence and Investors' Reliance on Disciplined Trading Strategies," Journal of Accounting Research, Wiley Blackwell, vol. 41(3), pages 503-523, June.
  35. Mohamed Sellami, 2006. "Typologie des déterminants comptables de la valeur : Apports de l'approche économique de l'information dans la mesure de la valeur," Post-Print halshs-00558252, HAL.
  36. Pawel Dlotko & Wanling Qiu & Simon Rudkin, 2019. "Financial ratios and stock returns reappraised through a topological data analysis lens," Papers 1911.10297, arXiv.org.
  37. Blankespoor, Elizabeth & deHaan, Ed & Marinovic, Iván, 2020. "Disclosure processing costs, investors’ information choice, and equity market outcomes: A review," Journal of Accounting and Economics, Elsevier, vol. 70(2).
  38. Keith Anderson & Chris Brooks, 2006. "The Long-Term Price-Earnings Ratio," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 33(7-8), pages 1063-1086.
  39. Abdin, Syed Zain ul & Farooq, Omer & Sultana, Naheed & Farooq, Mariam, 2017. "The impact of heuristics on investment decision and performance: Exploring multiple mediation mechanisms," Research in International Business and Finance, Elsevier, vol. 42(C), pages 674-688.
  40. Jonathan A. Milian, 2015. "Unsophisticated Arbitrageurs and Market Efficiency: Overreacting to a History of Underreaction?," Journal of Accounting Research, Wiley Blackwell, vol. 53(1), pages 175-220, March.
  41. Richardson, Scott & Tuna, Irem & Wysocki, Peter, 2010. "Accounting anomalies and fundamental analysis: A review of recent research advances," Journal of Accounting and Economics, Elsevier, vol. 50(2-3), pages 410-454, December.
  42. Zhang, Sijia & Gregoriou, Andros, 2020. "Post earnings announcement drift, liquidity and zero leverage firms: Evidence from the UK stock market," Journal of Business Research, Elsevier, vol. 116(C), pages 13-26.
  43. Harshita & Shveta Singh & Surendra S. Yadav, 2018. "Changing Nature of the Value Premium in the Indian Stock Market," Vision, , vol. 22(2), pages 135-143, June.
  44. Annukka Jokipii & Sami Vähämaa, 2006. "The Free Cash Flow Anomaly Revisited: Finnish Evidence," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 33(7‐8), pages 961-978, September.
  45. Ettredge, Michael & Toolson, Richard & Hall, Steve & Na, Chongkil, 1996. "Behavior of earnings, stock returns, accruals, and analysts' forecasts following negative annual earnings," Review of Financial Economics, Elsevier, vol. 5(2), pages 147-162.
  46. Alwathnani, Abdulaziz M. & Dubofsky, David A. & Al-Zoubi, Haitham A., 2017. "Under-or-overreaction: Market responses to announcements of earnings surprises," International Review of Financial Analysis, Elsevier, vol. 52(C), pages 160-171.
  47. Hannu, Schadewitz, 1997. "Financial and nonfinancial information in interim reports: Determinants and implications," MPRA Paper 44292, University Library of Munich, Germany.
  48. Keith Anderson & Chris Brooks, 2005. "The Long-Term P/E Radio," ICMA Centre Discussion Papers in Finance icma-dp2005-02, Henley Business School, University of Reading.
  49. Chau Duong & Gioia Pescetto & Daniel Santamaria, 2014. "How value-glamour investors use financial information: UK evidence of investors' confirmation bias," The European Journal of Finance, Taylor & Francis Journals, vol. 20(6), pages 524-549, June.
  50. Adamek, Carmen & Kaserer, Christoph, 2006. "Lifting the veil of accounting information under different accounting standards: lessons learned from the German experiment," CEFS Working Paper Series 2006-01, Technische Universität München (TUM), Center for Entrepreneurial and Financial Studies (CEFS).
  51. Jeffrey Ng & Tjomme O. Rusticus & Rodrigo S. Verdi, 2008. "Implications of Transaction Costs for the Post–Earnings Announcement Drift," Journal of Accounting Research, Wiley Blackwell, vol. 46(3), pages 661-696, June.
  52. Peter Easton, 1997. "Use of Comparisons of Patterns of Stock Return and Accounting Data in Understanding Apparently Anomalous Returns to Accounting†based Trading Strategies," Contemporary Accounting Research, John Wiley & Sons, vol. 14(2), pages 137-151, June.
  53. Victor Bernard & Jacob Thomas & James Wahlen, 1997. "Accounting†Based Stock Price Anomalies: Separating Market Inefficiencies from Risk," Contemporary Accounting Research, John Wiley & Sons, vol. 14(2), pages 89-136, June.
  54. Chen, Jason V., 2023. "The wisdom of crowds and the market's response to earnings news: Evidence using the geographic dispersion of investors," Journal of Accounting and Economics, Elsevier, vol. 75(2).
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