What is the Intrinsic Value of the Dow?

Testing for a unit root in time series regression

1988 • 17,004 citations

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

1987 • 15,268 citations

Large Sample Properties of Generalized Method of Moments Estimators

1982 • 13,306 citations

Time Series Analysis.

1995 • 11,935 citations

Time Series Analysis

1994 • 6,582 citations

Noise Trader Risk in Financial Markets

1990 • 6,029 citations

Industry costs of equity

1997 • 5,967 citations

Earnings, Book Values, and Dividends in Equity Valuation*

1995 • 5,133 citations

The Limits of Arbitrage

1997 • 4,594 citations

Contrarian Investment, Extrapolation, and Risk

1994 • 4,396 citations

Business conditions and expected returns on stocks and bonds

1989 • 4,137 citations

Dividend yields and expected stock returns

1988 • 3,736 citations

The Dividend-Price Ratio and Expectations of Future Dividends and Discount Factors

1988 • 3,689 citations

Time Series Analysis

1997 • 3,571 citations

Permanent and Temporary Components of Stock Prices

1988 • 3,149 citations

Time Series Regression with a Unit Root

1987 • 2,905 citations

Trends and random walks in macroeconomic time series

1988 • 2,527 citations

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

1977 • 2,379 citations

Valuation and Clean Surplus Accounting for Operating and Financial Activities*

1995 • 2,362 citations

Further Evidence On Investor Overreaction and Stock Market Seasonality

1987 • 2,330 citations

Forward Exchange Rates as Optimal Predictors of Future Spot Rates: An Econometric Analysis

1980 • 2,192 citations

Persuasive evidence of market inefficiency

1985 • 2,037 citations

The Valuation of Uncertain Income Streams and the Pricing of Options

1976 • 1,727 citations

Investor Sentiment and the Closed-End Fund Puzzle

1991 • 1,422 citations

Dividend Yields and Expected Stock Returns: Alternative Procedures for Inference and Measurement

1992 • 1,304 citations

Investor Sentiment and the Closed‐End Fund Puzzle

1991 • 1,291 citations

Stock Prices and Social Dynamics

1984 • 1,274 citations

The effect of personal taxes and dividends on capital asset prices

1979 • 1,248 citations

Accounting valuation, market expectation, and cross-sectional stock returns

1998 • 1,137 citations

Does the Stock Market Rationally Reflect Fundamental Values?

1986 • 1,071 citations

The Theory and Measurement of Business Income

1961 • 990 citations

An empirical assessment of the residual income valuation model

1999 • 986 citations

Book-to-market, dividend yield, and expected market returns: A time-series analysis

1997 • 775 citations

A Model of Intertemporal Asset Prices Under Asymmetric Information

1993 • 758 citations

Computer Intensive Methods for Testing Hypotheses: An Introduction

1990 • 692 citations

Predictable Stock Returns: The Role of Small Sample Bias

1993 • 639 citations

The Valuation of Cash Flow Forecasts: An Empirical Analysis

1995 • 535 citations

Earnings Yields, Market Values, and Stock Returns

1989 • 494 citations

SOME FORMAL CONNECTIONS BETWEEN ECONOMIC VALUES AND YIELDS AND ACCOUNTING NUMBERS

1982 • 470 citations

Drawing inferences from statistics based on multiyear asset returns

1989 • 434 citations

Computer Intensive Methods for Testing Hypotheses.

1990 • 419 citations

Dividend yields are equity risk premiums

1984 • 388 citations

The Cross‐Section of Realized Stock Returns: The Pre‐COMPUSTAT Evidence

1994 • 384 citations

Theory and Measurement

1984 • 370 citations

Annual Survey of Economic Theory: The Theory of Depreciation

1938 • 348 citations

Tests of Financial Models in the Presence of Overlapping Observations

1991 • 276 citations

Idiosyncratic Variation of Treasury Bill Yields

1996 • 258 citations

The theory of value and earnings, and an introduction to the Ball‐Brown analysis*

1991 • 251 citations

A Synthesis of security valuation theory and the role of dividends, cash flows, and earnings*

1990 • 249 citations

Time-Varying Expected Small Firm Returns and Closed-End Fund Discounts

1996 • 215 citations

P/E, P/B and the Present Value of Future Dividends

1994 • 155 citations

Untitled

1998 • 151 citations

Why long horizons? A study of power against persistent alternatives

2001 • 136 citations

Accounting Diversity and International Valuation

1996 • 87 citations

Is the US Stock Market Myopic?

1998 • 77 citations

Accounting Valuation, Market Expectation, and the Book-to-Market Effect

1998 • 65 citations

Tactical Asset Allocation: Pros and Cons

1993 • 47 citations

Computer Intensive Methods for Testing Hypotheses: An Introduction

1990 • 27 citations

Earnings, dividend policy, and present value relations: Building blocks of dividend policy invariant cash flows

1993 • 18 citations

Ex post disclosure and the coordination of investors' adaptive expectations*

1990 • 13 citations

Long horizon mean reversion in the stock market : the postwar years

1997 • 7 citations

Deleted Work

1955 • 0 citations