Information in prices about future earnings

An Empirical Evaluation of Accounting Income Numbers

1968 • 6,381 citations

Positive Accounting Theory

1985 • 6,198 citations

The relationship between return and market value of common stocks

1981 • 6,052 citations

Permanent and Temporary Components of Stock Prices

1988 • 3,149 citations

The effect of bonus schemes on accounting decisions

1985 • 3,078 citations

The effects of bonus schemes on accounting decisions

2011 • 2,891 citations

Post-Earnings-Announcement Drift: Delayed Price Response or Risk Premium?

1989 • 1,791 citations

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

1989 • 1,789 citations

POST-EARNINGS-ANNOUNCEMENT DRIFT - DELAYED PRICE RESPONSE OR RISK PREMIUM

1989 • 1,578 citations

Application of Least Squares Regression to Relationships Containing Auto-Correlated Error Terms

1949 • 1,372 citations

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

1989 • 1,181 citations

Mean Reversion in Stock Prices

1996 • 1,111 citations

Earnings Asan Explanatory Variable for Returns

1991 • 1,063 citations

Financial statement analysis and the prediction of stock returns

1989 • 1,032 citations

Earnings Innovations, Earnings Persistence, and Stock Returns

1987 • 977 citations

Corporate capital expenditure decisions and the market value of the firm

1985 • 874 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

Anomalies in relationships between securities' yields and yield-surrogates

1978 • 779 citations

The information content of security prices

1980 • 777 citations

Corporate research and development expenditures and share value

1990 • 679 citations

Association between accounting performance measures and stock prices

1992 • 640 citations

EARNINGS RELEASES, ANOMALIES, AND THE BEHAVIOR OF SECURITY RETURNS

2001 • 585 citations

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

1987 • 565 citations

Application of Least Squares Regression to Relationships Containing Auto- Correlated Error Terms

1949 • 526 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

Cross-Sectional Dependence and Problems in Inference in Market-Based Accounting Research

1987 • 431 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

Principles of Corporate Finance

1940 • 358 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

The relation between the return interval and betas

1989 • 252 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

The information content of security prices

1987 • 221 citations

The effect of accounting procedure changes on CEOs' cash salary and bonus compensation

1987 • 201 citations

Plant-closing decisions and the market value of the firm

1990 • 153 citations

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

1992 • 142 citations

Internal corporate restructuring

1990 • 138 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

Stocks, bonds, bills, and inflation : historical returns (1926-1987)

1989 • 97 citations

The relation between stock returns and earnings : a study of newly-public firms

1990 • 38 citations

FIRST DIFFERENCE SIGNALS AND ACCOUNTING INCOME TIME SERIES PROPERTIES

1980 • 26 citations

Financial statement information

2000 • 2 citations