Fundamentals and Stock Returns in Japan

Risk, Return, and Equilibrium: Empirical Tests

1973 • 14,580 citations

The relationship between return and market value of common stocks

1981 • 6,052 citations

Efficient Capital Markets: II

1991 • 5,145 citations

Business conditions and expected returns on stocks and bonds

1989 • 4,137 citations

Dividend yields and expected stock returns

1988 • 3,736 citations

INVESTMENT PERFORMANCE OF COMMON STOCKS IN RELATION TO THEIR PRICE‐EARNINGS RATIOS: A TEST OF THE EFFICIENT MARKET HYPOTHESIS

1977 • 2,379 citations

Persuasive evidence of market inefficiency

1985 • 2,037 citations

Correlations in Price Changes and Volatility across International Stock Markets

1990 • 1,910 citations

The relationship between earnings' yield, market value and return for NYSE common stocks

1983 • 1,692 citations

Misspecification of capital asset pricing

1981 • 1,344 citations

The effect of personal taxes and dividends on capital asset prices

1979 • 1,248 citations

Data-Snooping Biases in Tests of Financial Asset Pricing Models

1990 • 1,155 citations

An Empirical Investigation of the Arbitrage Pricing Theory

1980 • 1,152 citations

Are Seasonal Anomalies Real? A Ninety-Year Perspective

1988 • 1,148 citations

Does the Stock Market Rationally Reflect Fundamental Values?

1986 • 1,071 citations

Anomalies in relationships between securities' yields and yield-surrogates

1978 • 779 citations

Predictable Stock Returns in the United States and Japan: A Study of Long‐Term Capital Market Integration

1992 • 521 citations

Earnings Yields, Market Values, and Stock Returns

1989 • 494 citations

New evidence on the nature of size-related anomalies in stock prices

1983 • 362 citations

The Relative Information Content of Accruals and Cash Flows: Combined Evidence at the Earnings Announcement and Annual Report Release Date

1986 • 332 citations

Systematic risk, total risk and size as determinants of stock market returns

1986 • 295 citations

An empirical examination of the Arbitrage Pricing Theory

1988 • 287 citations

Seasonal and Size Anomalies in the Japanese Stock Market

1985 • 266 citations

Sample‐Dependent Results Using Accounting and Market Data: Some Evidence

1986 • 265 citations

THE NATURE AND AMOUNT OF INFORMATION IN CASH FLOWS AND ACCRUALS

1989 • 260 citations

Patterns in Japanese Common Stock Returns: Day of the Week and Turn of the Year Effects

1985 • 256 citations

Capital Controls and International Capital Market Segmentation: The Evidence from the Japanese and American Stock Markets

1989 • 217 citations

Portfolio Rebalancing and the Turn‐of‐the‐Year Effect

1989 • 182 citations

Size and Earnings/Price Ratio Anomalies: One Effect or Two?

1984 • 167 citations

The incredible January effect

1987 • 165 citations

Predictable Stock Returns in the United States and Japan: A Study of Long-Term Capital Market Integration

1992 • 151 citations

Seasonal and size anomalies in the Japanese stock market

1985 • 86 citations

Japanese financial market research

1992 • 78 citations

A multi-index risk model of the Japanese stock market

1988 • 51 citations

REGULARITIES IN TOKYO STOCK EXCHANGE SECURITY RETURNS: P/E, SIZE, AND SEASONAL INFLUENCES

1990 • 51 citations

Do management forecasts of earnings affect stock prices in Japan

1989 • 40 citations

A Standard Data Base for the Analysis of Japanese Security Markets

1991 • 25 citations

The international price-earnings ratio phenomenon

1990 • 22 citations

Expectational data and Japanese stock prices

1989 • 9 citations

Functions of the Japanese Stock Market

1986 • 2 citations