Caveat Compounder: A Warning about Using the Daily CRSP Equal‐Weighted Index to Compute Long‐Run Excess Returns

Does the Stock Market Overreact?

1985 • 7,120 citations

Stock Market Prices Do Not Follow Random Walks: Evidence from a Simple Specification Test

1988 • 3,715 citations

The Long‐Run Performance of initial Public Offerings

1991 • 3,447 citations

From State to Market: A Survey of Empirical Studies on Privatization

2001 • 3,261 citations

Detecting long-run abnormal stock returns: The empirical power and specification of test statistics

1997 • 2,839 citations

Size-related anomalies and stock return seasonality

1983 • 1,852 citations

Market underreaction to open market share repurchases

1995 • 1,824 citations

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

1989 • 1,791 citations

When Are Contrarian Profits Due to Stock Market Overreaction?

1990 • 1,732 citations

Detecting abnormal operating performance: The empirical power and specification of test statistics

1996 • 1,701 citations

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

1989 • 1,578 citations

Misspecification of capital asset pricing

1981 • 1,344 citations

Price Reactions to Dividend Initiations and Omissions: Overreaction or Drift?

1995 • 1,000 citations

Biases in computed returns

1983 • 846 citations

Long‐Term Market Overreaction or Biases in Computed Returns?

1993 • 465 citations

On computing mean returns and the small firm premium

1983 • 319 citations

The Long-Run Performance of Initial Public Offerings,

1991 • 274 citations