Back to search

Does Weak Governance Cause Weak Stock Returns? An Examination of Firm Operating Performance and Investors' Expectations

Data up to Jan 2025

Published2006
Citations953
References39

Total Citations Per Year

Abstract

References (39)

Common risk factors in the returns on stocks and bonds

1993 • 26,177 citations

A Simple, Positive Semi-Definite, Heteroskedasticity and Autocorrelation Consistent Covariance Matrix

1987 • 15,268 citations

Risk, Return, and Equilibrium: Empirical Tests

1973 • 14,580 citations

Industry costs of equity

1997 • 5,967 citations

Corporate Governance and Equity Prices

2003 • 5,386 citations

Founding‐Family Ownership and Firm Performance: Evidence from the S&P 500

2003 • 4,852 citations

Corporate governance, chief executive officer compensation, and firm performance

1999 • 4,348 citations

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

1995 • 3,145 citations

Management entrenchment

1989 • 2,153 citations

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

1990 • 2,121 citations

Handbook of the Economics of Finance

2013 • 1,880 citations

Toward an Implied Cost of Capital

2001 • 1,800 citations

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

1996 • 1,701 citations

Takeover Threats and Managerial Myopia

1988 • 1,659 citations

Equity Premia as Low as Three Percent? Evidence from Analysts' Earnings Forecasts for Domestic and International Stock Markets

2001 • 1,478 citations

Predicting takeover targets

1986 • 1,399 citations

Governance Mechanisms and Equity Prices

2005 • 1,262 citations

Analysts' forecasts as earnings expectations

1988 • 1,063 citations

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

1992 • 1,022 citations

The Walk‐down to Beatable Analyst Forecasts: The Role of Equity Issuance and Insider Trading Incentives*

2004 • 897 citations

Good News for Value Stocks: Further Evidence on Market Efficiency

1997 • 851 citations

Poison or placebo? Evidence on the deterrence and wealth effects of modern antitakeover measures

1995 • 820 citations

Do Analysts and Auditors Use Information in Accruals?

2001 • 796 citations

The Relation between Analysts' Forecasts of Long‐Term Earnings Growth and Stock Price Performance Following Equity Offerings*

2000 • 536 citations

Business Analysis and Valuation : Using Financial Statements

2010 • 513 citations

Anomalies and Market Efficiency

2002 • 509 citations

Returns to contrarian investment strategies: Tests of naive expectations hypotheses

1997 • 444 citations

Security Analyst Superiority Relative to Univariate Time-Series Models in Forecasting Quarterly Earnings

2008 • 355 citations

Biased forecasts or biased earnings? The role of reported earnings in explaining apparent bias and over/underreaction in analysts’ earnings forecasts

2003 • 351 citations

The Walkdown to Beatable Analyst Forecasts: The Roles of Equity Issuance and Insider Trading Incentives

2001 • 263 citations

Why New Issues and High-Accrual Firms Underperform: The Role of Analysts’ Credulity

2002 • 232 citations

A Test of the Errors‐in‐Expectations Explanation of the Value/Glamour Stock Returns Performance: Evidence from Analysts' Forecasts

2002 • 184 citations

Accounting‐Based Stock Price Anomalies: Separating Market Inefficiencies from Risk*

1997 • 177 citations

Profits, Losses and the Non-Linear Pricing of Internet Stocks

2000 • 141 citations

Loss function assumptions in rational expectations tests on financial analysts’ earnings forecasts

2004 • 137 citations

Accounting Discretion, Corporate Governance and Firm Performance

2004 • 128 citations

Shareholder Rights and CEO Compensation

2003 • 49 citations

Using Earnings Announcement Returns as Evidence of Mispricing: The Importance of Information Flow

2004 • 4 citations

Deleted Work

1955 • 0 citations

Cited By (0)

Loading...