A Multifactor Explanation of Post-Earnings Announcement Drift

Common risk factors in the returns on stocks and bonds

1993 • 26,177 citations

On Persistence in Mutual Fund Performance

1997 • 16,085 citations

Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency

1993 • 10,751 citations

Multifactor Explanations of Asset Pricing Anomalies

1996 • 6,381 citations

An Empirical Evaluation of Accounting Income Numbers

1968 • 6,381 citations

Economic Forces and the Stock Market

1986 • 5,321 citations

Size and Book‐to‐Market Factors in Earnings and Returns

1995 • 3,145 citations

Estimating betas from nonsynchronous data

1977 • 2,887 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 • 1,578 citations

How naive is the stock market's use of earnings information?

1996 • 328 citations

Post‐Earnings Announcement Drift and the Dissemination of Predictable Information*

1999 • 111 citations

FURTHER INSIGHT INTO THE STANDARDIZED UNEXPECTED EARNINGS ANOMALY: SIZE AND SERIAL CORRELATION EFFECTS

1987 • 96 citations