Tests of Analysts' Overreaction/Underreaction to Earnings Information as an Explanation for Anomalous Stock Price Behavior

Does the Stock Market Overreact?

1985 • 7,120 citations

Evidence of Predictable Behavior of Security Returns

1990 • 2,552 citations

Further Evidence On Investor Overreaction and Stock Market Seasonality

1987 • 2,330 citations

Evidence that stock prices do not fully reflect the implications of current earnings for future earnings

1990 • 2,121 citations

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

1989 • 1,791 citations

Fads, Martingales, and Market Efficiency

1990 • 1,579 citations

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

1989 • 1,578 citations

Investor Sentiment and the Closed-End Fund Puzzle

1991 • 1,422 citations

Investor Sentiment and the Closed‐End Fund Puzzle

1991 • 1,291 citations

Advances in Behavioral Finance.

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The information content of security prices

1980 • 777 citations

Do Security Analysts Overreact

1990 • 735 citations

The association between revisions of financial analysts' earnings forecasts and security-price changes

1990 • 591 citations

EARNINGS RELEASES, ANOMALIES, AND THE BEHAVIOR OF SECURITY RETURNS

2001 • 585 citations

Do analysts' earnings forecasts incorporate information in prior stock price changes?

1991 • 521 citations

Nonstationary expected returns

1989 • 512 citations

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

1979 • 480 citations

The intraday speed of adjustment of stock prices to earnings and dividend announcements

1984 • 450 citations

Book Rate-of-Return and Prediction of Earnings Changes: An Empirical Investigation

1982 • 436 citations

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

1987 • 431 citations

Evidence on the Possible Underweighting of Earnings-Related Information

1991 • 368 citations

Empirical anomalies based on unexpected earnings and the importance of risk adjustments

1982 • 301 citations

FURTHER EVIDENCE OF THE TIME SERIES PROPERTIES OF ACCOUNTING INCOME

1976 • 274 citations

The Multiperiod Information Content of Accounting Earnings: Confirmations and Contradictions of Previous Earnings Reports

1989 • 240 citations

A direct test of the cognitive bias theory of share price reversals

1990 • 218 citations

Judgmental extrapolation and the salience of change

1990 • 204 citations

Does the Stock Market Overreact to Corporate Earnings Information?

1989 • 175 citations

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1970 • 167 citations

The Adjustment of Stock Prices to Announcements of Unanticipated Changes in Quarterly Earnings

1977 • 158 citations

Stock price reactions to earnings announcements : a summary of recent anomalous evidence and possible explanations

1992 • 97 citations

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1987 • 96 citations

A PERSPECTIVE ON ACCOUNTING AND STOCK PRICES

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On the incentives for security analysts to revise their earnings forecasts*

1990 • 58 citations

Performance measurement methodology and the question of whether stocks overreact / 1991:130

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1969 • 7 citations