The Impact of Institutional Characteristics on Return–Earnings Associations in Japan
Tài liệu tham khảo
Aron, 1989, Japanese P/E Multiples: The Tradition Continues, Japanese Research
Bae, 1998, The Usefulness of Earnings Versus Book Value for Predicting Stock Returns and Cross Corporate Ownership in Japan, Japan and the World Economy, 10, 467, 10.1016/S0922-1425(98)00029-2
Beaver, W.H., Ryan, S.G., 1995, “Accounting Conservatism, Delayed Recognition and their Effect on the Ability of the Book-to-Market Ratio to Predict Book Return on Equity and Security Return.” A Working Paper (Stanford University and New York University).
Beaver, 1980, The Information Content of Security Prices, Journal of Accounting and Economics, 2, 3, 10.1016/0165-4101(80)90013-0
Beaver, 1987, The Information Content of Security Prices: A Second Look, Journal of Accounting and Economics, 4, 15, 10.1016/0165-4101(82)90004-0
Bernard, 1989, Capital Market Research in Accounting During 1980s: A Critical Review, 72
Bildersee, 1990, The International Price–Earnings Ratio Phenomenon: A Partial Explanation, Japan and the World Economy, 2, 263, 10.1016/0922-1425(90)90005-D
Boon, P., 1989. “Perspectives on the High Price of Japanese Land.” EPA Discussion Paper No. 45 (Harvard University, Cambridge, MA).
Brown, 1987, An Evaluation of Alternative Proxies for the Market's Assessment of Unexpected Earnings, Journal of Accounting and Economics, 9, 153, 10.1016/0165-4101(87)90004-8
Campbell, 1991, Financial Reporting in Japan
Chan, 1991, Fundamentals and Stock Returns in Japan, Journal of Finance, 46, 1739, 10.2307/2328571
Choi, 1992
Choi, 1983, Analyzing Foreign Financial Statements: The Use and Misuse of International Ratio Analysis, Journal of International Business Studies, 12, 212
Collins, 1989, An Analysis of Intertemporal and Cross-sectional Determinants of Earnings Response Coefficients, Journal of Accounting and Economics, 11, 143, 10.1016/0165-4101(89)90004-9
Collins, 1994, Lack of Timeliness and Noise as Explanations for the Low Contemporaneous Return–Earnings Association, Journal of Accounting and Economics, 18, 289, 10.1016/0165-4101(94)90024-8
Cooke, 1997, The Influence of the Keiretsu on Japanese Corporate Disclosure, Journal of International Financial Management and Accounting., 8, 191
Cooper, 1994, What Explains the Home Bias in Portfolio Investment?, Review of Financial Studies, 7, 45, 10.1093/rfs/7.1.45
Cready, 1988, Information Value and Investor Wealth: The Case of Earnings Announcements, Journal of Accounting Research, 27, 1, 10.2307/2491111
Darrough, 1991, Do Management Forecasts of Earnings Affect Stock Prices in Japan?
Darrough, 1998, Earnings Management in Japanese Companies, International Journal of Accounting, 33, 313, 10.1016/S0020-7063(98)90034-6
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
1989
Easton, 1991, Earnings as an Explanatory Variable for Returns, Journal of Accounting Research, 29, 19, 10.2307/2491026
Easton, 1989, Cross-sectional Variation in the Stock Market Response to Accounting Earnings Announcements, Journal of Accounting and Economics, 11, 117, 10.1016/0165-4101(89)90003-7
Easton, 1992, Aggregate Accounting Earnings Can Explain Most of Security Returns: The Case of Long Return Interval, Journal of Accounting and Economics, 15, 119, 10.1016/0165-4101(92)90015-T
Fama, 1992, The Cross-section of Expected Stock Returns, Journal of Finance, 47, 427, 10.2307/2329112
Feltham, 1995, Valuation and Clean Surplus Accounting for Operating and Financial Activities, Contemporary Accounting Research, 11, 689, 10.1111/j.1911-3846.1995.tb00462.x
Frankel, 1991, The Japanese Cost of Finance: A Survey, Financial Management, 95, 10.2307/3666099
French, 1991, Were Japanese Stock Prices Too High?, Journal of Financial Economics, 29, 337, 10.1016/0304-405X(91)90006-6
Hall, 1994, A Comparison of Relations Between Security Market Prices, Returns and Accounting Measures in Japan and the United States, Journal of International Financial Management and Accounting, 5, 47, 10.1111/j.1467-646X.1994.tb00034.x
Harris, 1987, Accounting Disclosures and the Market's Valuation of Oil and Gas Properties, The Accounting Review, 62, 651
Harris, 1994, The Value Relevance of German Accounting Measures: An Empirical Analysis, Journal of Accounting Research, 32, 187, 10.2307/2491281
Jacobson, 1993, Myopic Management Behavior with Efficient, but Imperfect, Financial Markets: A Comparison of Information Asymmetries in the U.S. and Japan, Journal of Accounting and Economics, 16, 383, 10.1016/0165-4101(93)90033-C
Jiang, L., Kim, J.-B., 1998. “Cross Corporate Ownership, Information Asymmetry, and the Timeliness of Accounting Performance Measures in Japan.” A Working Paper, 1998 (The Hong Kong Baptist University and The Hong Kong Polytechnic University).
Kang, 1995, Firm Performance, Corporate Governance, and Top Executive Turnover in Japan, Journal of Financial Economics, 38, 29, 10.1016/0304-405X(94)00807-D
Kang, 1997, Why is There a Home Bias? An Analysis of Foreign Portfolio Equity Ownership in Japan, Journal of Financial Economics, 46, 3, 10.1016/S0304-405X(97)00023-8
Kim, 1997, Institutional Holdings and Trading Volume Reactions to Quarterly Earnings Announcements, Journal of Accounting, Auditing and Finance, 12, 1, 10.1177/0148558X9701200101
Komandi, 1987, Earnings Innovations, Earnings Persistence, and Stock Returns, Journal of Business, 60, 323, 10.1086/296400
Kothari, 1992, Price–Earnings Regressions in the Presence of Prices Leading Earnings, Journal of Accounting and Economics, 15, 173, 10.1016/0165-4101(92)90017-V
Kothari, 1992, Information in Prices About Future Earnings: Implications for Earnings Response Coefficients, Journal of Accounting and Economics, 15, 143, 10.1016/0165-4101(92)90016-U
Lee, 1992, Earnings News and Small Traders: An Intraday Analysis, Journal of Accounting and Economics, 15, 265, 10.1016/0165-4101(92)90021-S
Lev, 1989, On the Usefulness of Earnings: Lessons and Directions from Two Decades of Empirical Research, Journal of Accounting Research, 27, 153, 10.2307/2491070
Lowe, 1990, Shortcomings of Japanese Consolidated Financial Statements, Accounting Horizon, 4, 1
Newey, 1987, A Simple, Positive Semi-definite Heteroskedasticity and Autocorrelation Consistent Covariance Matrix, Econometrica, 55, 703, 10.2307/1913610
Prowse, 1992, The Structure of Corporate Ownership in Japan, Journal of Finance, 47, 1121, 10.2307/2328979
Ryan, 1995, A Model for Accrual Measurement with Implications for the Evolution of the Book-to-Market Ratio, Journal of Accounting Research, 33, 95, 10.2307/2491294
Sakakibara, 1988
Sheard, 1991, The Role of Firm Organization in the Adjustment of a Declining Industry in Japan, Journal of the Japanese and International Economies, 5, 14, 10.1016/S0889-1583(05)80003-6
Stulz, 1995, Foreign Equity Investment Restrictions, Capital Flight Restrictions, and Shareholder Wealth: Theory and Evidence, Review of Financial Studies, 8, 1019, 10.1093/rfs/8.4.1019
Tesar, 1995, Home Bias and High Turnover, Journal of International Money and Finance, 14, 467, 10.1016/0261-5606(95)00023-8
Wakasugi, T., 1988. “Reconsidering Japan's Stock Prices.” Report on Japan's Stock Price Level (Japan Securities Research Institute, Tokyo).
White, 1980, A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test of Heteroskedasticity, Econometrica, 48, 402, 10.2307/1912934
Yasuda, O., Lin, T., 1998. “The Boost Effect of Cross-Shareholding on a P/E Ratio.” Report on Japan's Stock Price Level (Japan Securities Research Institute, Tokyo).