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 …

Using monthly data from 01/1985 to 12/2012, we find that the accounting valuation-based predictor introduced in Lee … the accounting valuation-based predictor does not suffer the problem of instable in-sample and poor out … the accounting valuation-based predictor, suggesting that the accounting valuation-based predictor carries information not …

the shock of the mandatory accounting change crowds out some of short-sellers’ value-relevant information in the equity … lending market. Thus, while the democratization of information from a structured accounting change may make sophisticated …