Further evidence on analyst and investor misweighting of prior period cash flows and accruals
Tài liệu tham khảo
Abarbanell, 1991, Do analysts' forecasts incorporate information in prior stock price changes?, Journal of Accounting and Economics, 14, 147, 10.1016/0165-4101(91)90003-7
Abarbanell, 1992, Tests of analysts' overreaction/underreaction to earnings information as an explanation for anomalous stock price behavior, Journal of Finance, 47, 1181, 10.2307/2328982
Abarbanell, 2003, Biased forecasts or biased earnings? The role of reported earnings in explaining apparent bias and over/underreaction in analysts' earnings forecasts, Journal of Accounting and Economics, 36, 105, 10.1016/j.jacceco.2003.11.001
Ali, 1992, Analysts' use of information about permanent and transitory earnings components in forecasting annual EPS, The Accounting Review, 67, 183
Barth, 2004, Analyst earnings forecast revisions and the pricing of accruals, Review of Accounting Studies, 9, 59, 10.1023/B:RAST.0000013629.59222.df
Bradshaw, 2001, Do analysts and auditors use information in accruals?, Journal of Accounting Research, 39, 45, 10.1111/1475-679X.00003
Carhart, 1997, On persistence in mutual fund performance, Journal of Finance, 52, 57, 10.2307/2329556
Chan, K., Chan, L., Jegadeesh, N., and Lakonishok, J. (2001). Earnings quality and stock returns: The evidence from accruals. Working Paper. University of Illinois at Urbana-Champaign.
Collins, 2000, Earnings-based and accrual-based market anomalies: One effect or two?, Journal of Accounting and Economics, 29, 101, 10.1016/S0165-4101(00)00015-X
Dechow, 1994, Accounting earnings and cash flows as measures of firm performance: The role of accounting accruals, Journal of Accounting and Economics, 18, 3, 10.1016/0165-4101(94)90016-7
Dechow, 1998, The relation between earnings and cash flows, Journal of Accounting and Economics, 25, 133, 10.1016/S0165-4101(98)00020-2
Desai, 2004, Value-glamour and accruals mispricing: One anomaly or two?, The Accounting Review, 79, 355, 10.2308/accr.2004.79.2.355
Elliott, 1995, Evidence from archival data on the relation between security analysts' forecast errors and prior forecast revisions, Contemporary Accounting Research, 11, 919, 10.1111/j.1911-3846.1995.tb00472.x
Fairfield, 2003, Accrued earnings and growth: Implications for future profitability and market mispricing, The Accounting Review, 78, 353, 10.2308/accr.2003.78.1.353
Fama, 1996, Multifactor explanations of asset pricing anomalies, Journal of Finance, 51, 55, 10.2307/2329302
Fama, 1973, Risk, return and equilibrium: Empirical tests, Journal of Political Economy, 81, 607, 10.1086/260061
Hribar, P. (2001). The market pricing of components of accruals, Working paper, Cornell University.
Jegadeesh, 2001, Profitability of momentum strategies: An evaluation of alternative explanations, Journal of Finance, 56, 699, 10.1111/0022-1082.00342
Kothari, 2001, Capital markets research in accounting, Journal of Accounting and Economics, 31, 105, 10.1016/S0165-4101(01)00030-1
Lys, 1990, The association between revisions of financial analysts' earnings forecasts and security-price changes, Journal of Accounting and Economics, 13, 341, 10.1016/0165-4101(90)90009-S
Mendenhall, 1991, Evidence of possible underweighting of earnings-related information, Journal of Accounting Research, 29, 170, 10.2307/2491035
Merton, 1973, An intertemporal capital asset pricing model, Econometrica, 41, 867, 10.2307/1913811
Ross, 1976, The arbitrage theory of capital asset pricing, Journal of Economic Theory, 13, 341, 10.1016/0022-0531(76)90046-6
Richardson, S., Sloan, R.G., Soliman, M., & Tuna, I. (2004). Accrual reliability, earnings persistence and stock prices. Working paper, The University of Michigan.
Sloan, 1996, Do stock prices fully reflect information in accrual and cash flows about future earnings?, The Accounting Review, 71, 289
Thomas, 2002, Inventory changes and future returns, Review of Accounting Studies, 7, 163, 10.1023/A:1020221918065
Xie, 2001, The mispricing of abnormal accruals, The Accounting Review, 76, 357, 10.2308/accr.2001.76.3.357