Relative versus Incremental Information Content*

A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity

1980 • 25,774 citations

An Empirical Evaluation of Accounting Income Numbers

1968 • 6,381 citations

Estimation and Inference in Econometrics.

1994 • 5,846 citations

Likelihood Ratio Tests for Model Selection and Non-Nested Hypotheses

1989 • 5,821 citations

Measuring security price performance

1980 • 3,397 citations

Accounting earnings and cash flows as measures of firm performance

1994 • 2,712 citations

Principles of Econometrics.

1972 • 2,215 citations

The Advanced Theory of Statistics.

1967 • 1,411 citations

On the Usefulness of Earnings and Earnings Research: Lessons and Directions from Two Decades of Empirical Research

1989 • 1,181 citations

Analysts' forecasts as earnings expectations

1988 • 1,063 citations

Earnings Asan Explanatory Variable for Returns

1991 • 1,063 citations

Financial Reporting: An Accounting Revolution.

1982 • 1,046 citations

Cross-sectional variation in the stock market response to accounting earnings announcements

1989 • 869 citations

The information content of security prices

1980 • 777 citations

The Relative Informativeness of Accounting Disclosures in Different Countries

1993 • 705 citations

FAIR VALUE ACCOUNTING: EVIDENCE FROM INVESTMENT SECURITIES AND THE MARKET VALUATION OF BANKS

1994 • 680 citations

The Information Contained in the Components of Earnings

1986 • 565 citations

Write-Offs As Accounting Procedures to Manage Perceptions

1988 • 529 citations

A Comparison of the Value-Relevance of U.S. Versus Non-U.S. GAAP Accounting Measures Using Form 20-F Reconciliations

1993 • 502 citations

The Selection of Variates for Use in Prediction with Some Comments on the General Problem of Nuisance Parameters

1940 • 451 citations

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

1987 • 431 citations

An evaluation of alternative proxies for the market's assessment of unexpected earnings

1987 • 412 citations

The Association of Operating Cash Flow and Accruals with Security Returns

1986 • 406 citations

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

2008 • 355 citations

The Time Series of Annual Accounting Earnings

1977 • 347 citations

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

1986 • 332 citations

The incremental information content of cash-flow components

1990 • 300 citations

THE INCREMENTAL INFORMATION CONTENT OF ACCRUAL VERSUS CASH FLOWS

1987 • 286 citations

Corporate Signaling, External Accounting, and Capital Market Equilibrium: Evidence on Dividends, Income, and Extraordinary Items

1978 • 281 citations

THE NATURE AND AMOUNT OF INFORMATION IN CASH FLOWS AND ACCRUALS

1989 • 260 citations

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

1991 • 251 citations

THE INCREMENTAL INFORMATION CONTENT OF THE ACCRUAL AND FUNDS COMPONENTS OF EARNINGS AFTER CONTROLLING FOR EARNINGS

1987 • 230 citations

EVIDENCE ON THE RELATIONSHIPS BETWEEN EARNINGS AND VARIOUS CASH FLOW MEASURES

1986 • 227 citations

The information content of security prices

1987 • 221 citations

The Incremental Information Content of Earnings, Working Capital from Operations, and Cash Flows

1994 • 215 citations

Model Specification Tests and Artificial Regressions

1992 • 172 citations

The incremental information content of replacement cost earnings

1982 • 148 citations

INTERPERIOD TAX ALLOCATION, EARNING EXPECTATIONS, AND THE BEHAVIOR OF SECURITY PRICES

1972 • 148 citations

Evidence on the Incremental Information Content of Additional Firm Disclosures Made Concurrently with Earnings

1986 • 145 citations

Stock Price Reactions to LIFO Adoptions: The Association between Excess Returns and LIFO Tax Savings

1982 • 121 citations

The Estimation and Determinants of Associations between Returns and Earnings: Evidence from Cross-Industry Comparisons

1991 • 107 citations

The Information Content of Earnings, Revenues, and Expenses

1991 • 101 citations

The Relative Information Content of the Release of Financial Results Data by Firms

1981 • 86 citations

The information content of SEC accounting series release no. 190

1980 • 85 citations

Market Association Tests and FASB Statement No. 33 Disclosures: A Reexamination

1985 • 73 citations

Multiple Comparison of Regression Functions

1972 • 52 citations

Does LIFO Inventory Accounting Improve the Income Statement at the Expense of the Balance Sheet?

1996 • 47 citations

Discussion of A Comparison of the Value-Relevance of U.S. versus Non-U.S. GAAP Accounting Measures Using Form 20-F Reconciliations

1993 • 26 citations

Lenders' use of accounting information in the oil and gas industry

1993 • 25 citations

The Information Content of Current Cost Income Relative to Dividends and Historical Cost Income

1984 • 24 citations

ADDITIONAL EVIDENCE ON THE INCREMENTAL INFORMATION CONTENT OF THE 10‐K

1983 • 23 citations

Foreign Stock Listings: Benefits, Costs, and the Accounting Poiicy Dilemma

1991 • 23 citations

The Incremental Information Content of Financial Statement Disclosures: The Case of LIFO Inventory Liquidations

1986 • 23 citations

Alternative Cash Flow Measures and Risk-Adjusted Returns

1986 • 16 citations

Incremental information content of earnings‐and nonearnings‐based financial ratios*

1988 • 10 citations

Deleted Work

1955 • 0 citations