Price-earnings regressions in the presence of prices leading earnings

Dividend Policy, Growth, and the Valuation of Shares

1961 • 6,581 citations

Using daily stock returns

1985 • 6,463 citations

An Empirical Evaluation of Accounting Income Numbers

1968 • 6,381 citations

Positive Accounting Theory

1985 • 6,198 citations

Business conditions and expected returns on stocks and bonds

1989 • 4,137 citations

Dividend yields and expected stock returns

1988 • 3,736 citations

Measuring security price performance

1980 • 3,397 citations

The Information Content of Annual Earnings Announcements

1968 • 2,768 citations

Stock Returns, Real Activity, Inflation, and Money

1981 • 2,625 citations

An analysis of intertemporal and cross-sectional determinants of earnings response coefficients

1989 • 1,789 citations

Stock Returns, Expected Returns, and Real Activity

1990 • 1,453 citations

On the Usefulness of Earnings and Earnings Research: Lessons and Directions from Two Decades of Empirical Research

1989 • 1,181 citations

The Theory of Finance

1972 • 1,064 citations

Earnings Asan Explanatory Variable for Returns

1991 • 1,063 citations

Earnings Innovations, Earnings Persistence, and Stock Returns

1987 • 977 citations

Cross-sectional variation in the stock market response to accounting earnings announcements

1989 • 869 citations

Accounting earnings and top executive compensation

1993 • 799 citations

The information content of security prices

1980 • 777 citations

On cross-sectional analysis in accounting research

1987 • 583 citations

The association between accounting earnings and security returns for large and small firms

1987 • 565 citations

Firm size and the information content of prices with respect to earnings

1987 • 487 citations

The Association between Unsystematic Security Returns and the Magnitude of Earnings Forecast Errors

1979 • 480 citations

Aggregate accounting earnings can explain most of security returns

1992 • 467 citations

SOME TIME SERIES PROPERTIES OF ACCOUNTING INCOME

1972 • 431 citations

An evaluation of alternative proxies for the market's assessment of unexpected earnings

1987 • 412 citations

Information in prices about future earnings

1992 • 401 citations

Stock Returns, Expected Returns, and Real Activity

1990 • 373 citations

The Time Series of Annual Accounting Earnings

1977 • 347 citations

Security Analyst Multi-Year Earnings Forecasts and the Capital Market

1985 • 339 citations

THE RELATION BETWEEN STOCK RETURNS AND ACCOUNTING EARNINGS GIVEN ALTERNATIVE INFONNATION

1990 • 296 citations

Accounting Earnings and Cash Flows as Measures of Firm Performance: The Role of Accounting Accruals

1992 • 275 citations

FURTHER EVIDENCE OF THE TIME SERIES PROPERTIES OF ACCOUNTING INCOME

1976 • 274 citations

The theory of value and earnings, and an introduction to the Ball‐Brown analysis*

1991 • 251 citations

The Time-Series Properties of Annual Earnings

1977 • 223 citations

Stock return variation and expected dividends

1992 • 161 citations

Permanent versus transitory components of annual earnings and estimation error in earnings response coefficients

1992 • 142 citations

Changes versus Levels in Earnings As Explanatory Variables for Returns: Some Theoretical Considerations

1992 • 131 citations

The proposed elimination of full cost accounting in the extractive petroleum industry

1979 • 113 citations

The Estimation and Determinants of Associations between Returns and Earnings: Evidence from Cross-Industry Comparisons

1991 • 107 citations

Some Time Series Properties of Accounting Income

1972 • 98 citations

Accounting information and corporate governance

1990 • 89 citations

Further Evidence of the Time Series Properties of Accounting Income

1976 • 54 citations

The API and the Design of Experiments

1979 • 37 citations

Financial statement information

2000 • 2 citations