We examine whether option prices correct for predictable bias in stock prices associated with accounting anomalies …

We examine whether cross-firm return predictability is associated with accounting quality (AQ), and find that stock …. Collectively the results uncover a new relation between accounting quality and stock return dynamics …

Value relevance studies, which examine the relationship between accounting numbers and equity valuation, use market …' belief that accounting information needs to be made available before it can be discounted in market prices, this approach … supports the interpretation of value relevance as the ability of accounting numbers to capture value-relevant information that …

This study investigates whether financial analysts incorporate accounting conservatism into their earnings forecasts … accounting conservatism into their earnings forecasts and that forecasting earnings is more difficult for less conservative firms …

We survey recent research in accounting anomalies and fundamental analysis. We use forecasting of future earnings and … accounting information. We combine this with opinions from the academic and practitioner communities to critically evaluate key … clusters of papers about accounting anomalies and fundamental analysis disseminated over the last decade. Finally, we provide a …

affected by shifts in investor sentiment. We examine whether the accounting information of firms that are inherently difficult … diminished in the subset of firms with high-quality accounting information. To better understand how accounting information … in the subset of difficult-to-value firms with low-quality accounting information …

quality of accounting information (or “accounting quality”) is one such information imperfection that is associated with cross …-sectional variation in stock price delay. We define accounting quality as the precision with which financial reports convey information to … equity investors about the firm's expected cash flows. Poor accounting quality is likely associated with higher expected …

We test the hypotheses that (i) poor accounting quality is associated with delayed stock price adjustment to … information, and (ii) the accounting quality component of price delay predicts stock returns. We define accounting quality as the … results suggest poor accounting quality is associated with less timely price adjustment and higher future stock returns …